Sample Letter: Stop Automatic Payments

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Sample Letter: Stop Automatic Payments
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To Whom It May Concern:

I am writing to request that you stop (insert company’s name) from making future automatic withdrawals from my checking account. These charges are unauthorized. I canceled my contract in writing with (insert company’s name) on (list your date of cancellation).

The Federal Reserve’s rules governing pre-authorized transfers (part of Regulation E) states the following: ‘Once a financial institution has been notified that the customer’s authorization is no longer valid, it must block all future payments for the particular debit transmitted by the designated payee-originator.’

I would appreciate your immediate compliance with this federal law. Please contact me if you have any further questions.

Sincerely,

(Your name)

(Your account number)

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Clark Howard About the author:
Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. More about Clark
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