Common use of Payees Clause in Contracts

Payees. You may designate payees through the Xxxx Payment service. You must provide sufficient information about each payee to properly direct a payment to that payee and permit the payee to identify the correct account to credit your payment. This information may include without limitation, the name and address of the payee and your payee account number. The payee must have a U.S. payment address that can be verified through the ordinary course of business. Occasionally, a payee may choose not to participate in the Xxxx Payment service or may require additional information before accepting payments. While we work with these payees to encourage them to accept an electronic or check xxxx payment made through the Xxxx Payment service, the payee may not accept such xxxx payments or may not be able to process xxxx payments using the Xxxx Payment service. In that event, we may decline to make future payments to this payee, and a notice will be sent to you.

Appears in 4 contracts

Samples: Online Banking Customer Agreement, Online Banking Customer Agreement, Online Banking Customer Agreement

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Payees. You may designate payees through the Xxxx Payment service. You must provide sufficient information about each payee to properly direct a payment to that payee and permit the payee to identify the correct account to credit your payment. This information may include without limitation, the name and address of the payee and your payee account number. The payee must have a U.S. payment address that can be verified through the ordinary course of business. Occasionally, a payee may choose not to participate in the Xxxx Payment service or may require additional information before accepting payments. While we work with these payees to encourage them to themto accept an electronic or check xxxx payment made through the Xxxx Payment service, the payee may not accept such xxxx payments or may not be able to process xxxx payments using the Xxxx Payment service. In that event, we may decline to make future payments to this payee, and a notice will be sent to you.

Appears in 1 contract

Samples: Banking Customer Agreement

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