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RFA 210 -006 In those situations where you need to issue a stop payment order, it's typically essential that it be executed as quickly as possible. Wells Fargo gives you three ways to expedite stop payment orders: Over the Internet through our online CEO portal. Electronic transmission by including the stop payment information in your ARP issue file. • By telephone using our InfoTouch telephone service. With all of these services, you can submit your stop payment requests 24 hours a day, seven days a week. Further, your request is processed in real -time, and requires no manual intervention. Stop payment requests can be made as late as 8:00 p.m. and still receive same -day posting. When a stop payment order is submitted, our system automatically verifies whether the check was paid before the order is accepted. In verifying if a check has been paid, the system examines 180 days of history. The System does have the option to initiate a stop payment order on a range of checks. However, this requires that you first contact your Treasury Management Client Services representative to make the necessary arrangements. By ensuring that your stop payment orders are processed as quickly as possible, and that they remain in force for an extended period of time, this comprehensive approach to stop payment requests minimizes your risk. 2. How long do standard stop pays remain in effect? Stop payments remain in effect for six months. After this period, our commercial clients may take advantage of our Stop Renewal service. Stop Renewal gives you the ability to extend stop payments for up to six years (in 12 month increments), specify a pre- determined dollar threshold for automatic stop payment renewal, limit the number of times a stop payment will be automatically renewed, etc. 3. How is renewal or cancellation accomplished? Is there a fee for renewals? Stop payments are extended online through the CEO Stops- Images- Search module. 4. What is the deadline for same day action? Stop payment requests can be made as late as 8:00 p.m. CT and still receive same -day posting. 5. Will the on -line system verify if the check was cleared before accepting the stop pay? With tellers? Yes, when you submit a stop payment order, before the order is accepted, our system automatically verifies the previous 180 days of paid check history to determine if the check has already been paid.