Common use of Acceptable Payees Clause in Contracts

Acceptable Payees. Unless otherwise agreed, you will provide us with the names of acceptable payees. We will process a check if it is made payable to an acceptable payee and if the check is otherwise valid. You warrant that each payee has authorized checks payable to it to be credited to the account you designate for the Service. We may treat any variation of an acceptable payee’s name as an acceptable payee that we deem to be reasonable.