Stop Payment

Stop Payment

Occasionally, it is determined that a stop payment may be needed on an uncashed check.? The check may or may not be reissued to the individual or entity. It is possible that the uncashed check will be applied to an existing balance or sent to Kansas Unclaimed Property.?

This policy directs the amount of risk the institution is willing to absorb. A stop payment currently costs the institution $15. As the cost of a stop payment increases overtime, the policy is to adjust accordingly.?

At this point in time, if a check is written in the amount of $15 or less, the institution agrees that it will absorb the risk of a check clearing without a stop payment issued. Thus, it is altogether possible, an individual may be paid twice.? For example, the $15 is sent to the Kansas Unclaimed property and the original check is then cashed.? All checks in the amount of $15 or greater will have a stop payment placed on them.

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[Added July 2017]
[Reviewed November 2020]