How to Stop Payment on a Used Car

Finding yourself in a position to stop payment on a car payment check can be frustrating and embarrassing and may leave you wondering how to stop the check from clearing your bank account. A number of reasons may cause you to stop payment on a check, and it is a common request at banks that takes only moments to process.

Instructions

1

Call the customer service number for your bank. When you reach an operator, tell him you are calling to stop payment. Verify your bank account information by providing your name, address, account number and any other information requested.

2

Provide the bank representative with the check number used to make your car loan payment. Give her the date the check was written, the check amount and the name of the company to which the check was written.

3

Listen to the details the bank representative provides you. He will tell you how long the stop payment will be in effect and advise you whether you need to take additional steps. He will advise you of the fee that will be deducted from your account. According to the Bank Rate website, the fees for stopping payment range from $18 to $32.

4

Fill out the stop payment form the bank mails you and return it right away. An oral request to stop payment only allows the bank 14 days to stop payment. To extend the stop payment request to 6 months, you must fill out and sign the form and return it to the bank.

5

Make alternate arrangements to make your car loan payment and notify the company that you stopped payment on the check.