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Stop Payment: The Cost to Cancel Checks at Banks

Nov. 7, 2018
Banking, Banking Basics, Checking Accounts
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The fee to cancel, or “stop payment,” on a check can be more than $30 at many large banks. However, some banks and credit unions charge less, and the cost can vary depending on how you make the request. Here’s an overview of what you might pay.

» Want to start at the beginning? Find out how to cancel a check

Stop payment fees by financial institution

Here’s what it costs to request a stop payment for a personal check* at some of the bigger banks and credit unions:

Financial institutionStop payment fee**
$15
Bank of America

at Bank of America,

Member, FDIC

$30 (waived for customers with Advantage Relationship Banking, Advantage with Tiered Interest Checking, Advantage Regular Checking accounts and Preferred Rewards), $0 for recurring debit transactions
Chase

at Chase,

Member, FDIC

$25 via online or automated telephone banking; $30 via customer service call or at branch (waived for customers with Chase Sapphire Checking)
Citibank

at Citibank,

Member, FDIC

$30 (waived for customers with Citigold and Citi Priority accounts, as well as Private Bank clients)
Navy Federal Credit Union

at Navy Federal Credit Union,

Federally insured by the NCUA

$20 for a single item;
$25 for a series of items
$31
Alliant Credit Union

at Alliant Credit Union,

Federally insured by the NCUA

$0 via online or phone; $25 when submitted verbally or in writing
$15
BB&T

at BB&T,

Member, FDIC

$35 ($34 for residents of Indiana, Kentucky, New Jersey, Pennsylvania and Ohio)
BBVA Compass

at BBVA Compass,

Member, FDIC

$25 via online banking; $32 via customer service call or at branch (fee for California residents is $30 if made at a branch or over the phone)
BMO Harris Bank National Association

at BMO Harris Bank National Association,

Member, FDIC

$35
$25
$29.95
Consumers Credit Union

at Consumers Credit Union,

Federally insured by the NCUA

$25 via online or automated telephone banking or for bill pay; $30 via customer service call or at branch
Discover

at Discover,

Member, FDIC

$15
HSBC

at HSBC,

Member, FDIC

$30 (waived for customers with HSBC Premier accounts)
Nationwide Bank

at Nationwide Bank,

Member, FDIC

$20
PenFed Credit Union

at PenFed Credit Union,

Federally insured by the NCUA

$15 for a single stop payment; $25 for two or more simultaneous stop payments
PNC

at PNC,

Member, FDIC

$33 (waived for customers with Performance Select Checking)
Simple

at Simple,

Member, FDIC

$0
SunTrust

at SunTrust,

Member, FDIC

$36
TD Bank

at TD Bank,

Member, FDIC

$30 (waived for customers with TD Relationship Checking & Savings, TD Premier Checking, Private Tiered Checking and Private High Yield Savings accounts)
Union Bank

at Union Bank,

Member, FDIC

$15 via online or automated telephone banking; $30 via customer service call or at branch
U.S. Bank

at U.S. Bank,

Member, FDIC

$35 ($20 for Premium and Platinum Checking customers, $0 for members of the military)
*A preauthorized series of electronic transfers can also be canceled. Cashier’s checks and certified checks usually are not eligible for stop payments.

**This information is based on each financial institution’s current deposit agreements and disclosures online.

Some requests cost more

Generally, you can ask for a stop payment through online banking, automated telephone banking or customer service at a branch or over the phone. Some financial institutions have the same fee no matter what; others charge more for personal assistance.

» MORE: How to write a check

Canceling multiple checks can be cheaper

Some institutions, including Navy Federal Credit Union and Pentagon Federal Credit Union, charge just a bit more to stop payment on a consecutive series of checks than they do for just one check. So if you lost or made errors on several checks recently, you can cancel them all at once at a lower cost than you could if you paid a separate fee for each one.

Renewing a stop payment costs money, too

When a check’s date is six months old, most banks will consider it “stale,” but some may still honor it. A stop payment on a check usually lasts six months, so if you’re afraid a check might still be cashed at a later date, you’ll need to pay a fee to renew the stop payment.

Banks have a reason for not letting stop payment requests last forever.

“There is a lot of operational work around a stop payment,” says Shirley Inscoe, senior analyst of retail banking and payments at the Aite Consulting Group in Boston.

When your bank approves a request to stop payment on a check, it must be able to single out and block that check. If your bank clears it by mistake, it becomes liable for that payment, Inscoe says.