This has resulted in what some term the bourgeois bohemian or boho, who with money and status. Often, bohemian communities will spring up in diversely populated areas where rent is cheap and freedom of expression is high. This element might even rejuvenate a community, unintentionally driving up real estate values.
For example, some banks allow customers to place ACH stops either by phone or in person, while others accept a faxed stop payment form. To process a stop, the customer provides account information, the name of the merchant and the exact amount of the payment. The fee for stopping checks varies between institutions.
How it Works. When you request a stop payment, you provide information about a specific check to your bank (for example âcheck # 203 for $500 written to Acme Enterprisesâ). The bank flags the check, and â if the check hasnât yet reached the bank â will not allow the check to clear.