What is it?
A Stop Payment is a process where the University requests our bank to “stop” the ability to negotiate a cheque after it has been delivered but before it has been cashed.
Why is it important?
Once the stop payment order is made the cheque will no longer be negotiated at a financial institution. This process is necessary when a cheque has been lost or is missing and a new cheque is required.
Where do I find more information?
If a University cheque is lost or has not been received, contact Accounts Payable to request a stop payment and re-issuance of a new cheque.