The Stop Payment service allows you to stop cheque and pre-authorized payments from being processed. Once you submit a Stop Payment request we will monitor your account and return the payment when it is presented. ... Enter the Payee Name (e.g. the name of the person or business the payment is payable to).

Is a stop payment bad?

Stopping payment is a good idea if a check is lost or stolen—especially if you've communicated with the original payee about canceling the check and writing a new one.

What is a stop payment order?

Use this letter to give your bank or a credit union a “stop payment order.” A stop payment order instructs your bank to stop making one or more automatic payments to a particular company. Be aware that many banks charge a fee for a stop payment order.