Stop payment refers to the transaction behavior of stopping cash payment and fund transfer for all or part of the funds in the designated account. The basic knowledge of stopping payment deduction, that is, stopping payment:

1. Stopping payment is the transaction behavior of stopping cash payment and fund transfer for all or part of the funds in the designated account. Stop payment is divided into account stop payment and limit stop payment.

2. After the account stops paying, the account can't handle any withdrawal transaction (unless otherwise stipulated by laws and regulations), and the amount newly recorded in the account after the account stops paying is also not allowed to be withdrawn

3. After the limit stops paying, the available balance of the account is reduced by a corresponding part, and the account is allowed to handle payment and fund transfer-out business within the available balance. The limit stop payment amount can be greater than the account balance.

4. Conditions for handling account stop payment or limit stop payment

(1) The depositor reports the loss and inquires to stop payment.

(2) Have the right to require law enforcement agencies to freeze depositors' accounts in accordance with the law.

(3) Depositors require time deposit certificates.

(4) handle other related businesses and stop paying the account in accordance with relevant regulations.

(5) Under other circumstances deemed necessary by the postal savings institution, such as transaction error or unknown error amount, payment will be stopped for relevant accounts.

Credit card payment suspension is a precautionary measure taken by banks to strengthen management, ensure safety and prevent losses and adverse effects caused by fraudulent use of fake and lost cards. At the same time, it is also an important link to stop the payment of the main card or the supplementary card at the request of the cardholder, so as to reduce the losses and risks of the cardholder.

(1) Scope of credit card payment suspension

Credit card payment suspension is generally divided into cardholder's initiative to stop payment, card-issuing bank's initiative to stop payment, head office's initiative to stop payment and cardholder's initiative to cancel payment.

(2) types of stop payment

① loss reporting card;

② The main card requires to stop paying the subsidiary card, and the company requires to stop paying the company card;

③ credit cards that exceed the limit and fail to repay within the time limit;

④ emergency stop payment card in this period.

Reference: Baidu Encyclopedia-Stop Payment