How do I place a stop payment on recurring credit card transactions? (2024)

FAQs

How do I place a stop payment on recurring credit card transactions? ›

You can contact your bank and place a stop payment order on the recurring transaction. Generally, a stop payment order is only good for six months. To stop payment, you will need to notify your bank at least three business days before the next payment is scheduled to be made. Notice may be made orally or in writing.

Contact the company: Contact the merchant's billing or customer service department by phone and state that you no longer want your bank account to be automatically charged.

Stopping a card payment

You can tell the card issuer by phone, email or letter. Your card issuer has no right to insist that you ask the company taking the payment first. They have to stop the payments if you ask them to. If you ask to stop a payment, the card issuer should investigate each case on its own merit.

Call and write the company. Call the company and tell them you are taking away your permission for the company to take automatic payments out of your bank account. The company's customer service should be able to help you, and there might be an online form you can use. Then, follow up by writing a letter or an e-mail.

There are a couple things to consider before you stop an ACH payment or recurring debit transaction: Payments already in process or completed can't be stopped. To stop a scheduled payment, you'll need to submit the request at least three business days before the scheduled payment date.

To stop a scheduled transaction, you'll need to submit the request at least three business days before the scheduled charge date. Stopping a recurring charge doesn't change any agreements you have with the merchant. Reaching out to them can help avoid penalties or fees they may charge.

A recurring payment will have been set up from your credit card or debit card. If you set up a recurring payment, you'll need to contact the merchant directly to cancel this type of payment.

Which transactions are locked? When you lock a card, new charges and cash advances will be denied. However, recurring autopayments, such as subscriptions and monthly bills charged to the card, will continue to go through. Typically, so will bank fees, returns, credits, interest and rewards.

Changing your credit card won't necessarily stop the charges because credit card issuers will now update charges to your new credit card automatically. However, if you've tried unsuccessfully to cancel a subscription service, you can contact your credit card issuer or bank for help.

Write to the vendor that's charging your card and request an end to your service or subscription. Ask for a response in writing. Send your letter by certified mail stating that you want no further money taken from your credit card account once any notice of termination period has expired.

What is the app that cancels recurring payments? ›

Subscription Stopper is the go-to tool for effectively managing, tracking, and canceling subscriptions, putting you in charge of your finances.

It is your responsibility to cancel all recurring charges with third parties before closing the bank account you authorized for payment.

Cancelling means your subscription stops now. Turning off recurring billing keeps your current subscription going until it's set to expire and then it doesn't renew again. Either way wouldn't affect you starting a new subscription in the future.

While your card is frozen, charges identified by the merchant as existing recurring charges will still be processed as normal. To stop a recurring charge on a frozen card, you'll need to reach out to the merchant directly. You won't be able to set up new recurring card charges until you unfreeze your card.

Important Information and Footnotes

Turning your card off will not stop card transactions presented as recurring transactions or the posting of refunds, reversals, or credit adjustments to your account. Any digital card numbers linked to the card will also be turned off.

To cancel a pre-authorized debit agreement, you must notify the biller in writing. Make sure you keep a copy of this notice. Your agreement should have details on how to cancel a pre-authorized debit. Once you cancel the agreement, check your account records to confirm that the pre-authorized debits stop.

To cancel a pending transaction, call the merchant or retailer on your statement. If you suspect fraud, call your issuer or bank immediately. To avoid transaction errors and fraud, regularly review your statement and shop only with secure websites, among taking other precautions.

It allows you to freeze your card or account temporarily and block further charges. Locking will typically prevent new transactions but leave automatic payments, such as bills, bank fees, and subscriptions, enabled. It also won't stop transactions that you initiated before locking the card.

When you lock a card, new charges and cash advances will be denied. However, recurring autopayments, such as subscriptions and monthly bills charged to the card, will continue to go through. Typically, so will bank fees, returns, credits, interest and rewards.

Debit Card Control is a FREE service which allows you to take control of your debit card transactions. Turn your card on or off, block certain types of transactions, block certain merchants, and even set spending limits.