Stop Payment Order

A stop payment order is an instruction requesting a bank not to pay a specified cheque, subject to applicable rules and bank procedures.

The instruction identifies the cheque and requires confirmation of its status with the bank. Requesting or confirming a payment stop does not, by itself, cancel the underlying debt or establish that an accounting liability should be removed.

Used to record and follow up payment-stop requests and assess whether a replacement payment or further investigation is required.

A company reports a missing cheque and requests a payment stop. It obtains bank confirmation and reviews the supplier balance before arranging any replacement payment.

Supports payment control and prevents confusion between stopping a payment instrument and settling the related obligation.