Common use of Prohibited Payees Clause in Contracts

Prohibited Payees. We will not process payments on your behalf to payees meeting any of the following criteria: • Designated by the Office of Foreign Asset Control as being a prohibited payee • Having an address outside of the United States (except for APO) • Court-ordered payments such as alimony, child support, speeding tickets, etc. • Tax entities • Collection agencies If a payment to a prohibited payee is inadvertently processed, the payment guarantee outlined above does not apply to that payment, and we reserve the right to not process a payment to that payee in the future.