Common use of Prohibited Payees Clause in Contracts

Prohibited Payees. The Bank does not recommend that the Client use the Bill Payment Service to pay the Client’s federal, state or local taxes, courts or other governmental entities. Client may not use the Bill Payment Service to make payments to any payee or type of payee that is prohibited by the Bank’s policies and procedures. Please contact us for more information about the Bank’s current list of prohibited payees. The Bank will not be liable for penalties, interest or other damages of any kind if the Client tries to use the Bill Payment Service to remit or pay money to any prohibited payee, or to make a Bill Payment for taxes, or to courts or governmental agencies. The Bank shall have the sole discretion to permit or reject a Client’s request to send a bill payment to a particular payee. You may not make a Bill Payment to any payee or payee’s account that is located outside of the United States, or any Bill Payment that is not denominated in U.S. Dollars, without the prior written consent of the Bank. You may not use the Bill Payment Service to make any Bill Payment for any unlawful purpose.