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, we reserve the right to not process a payment to that payee in the future.

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, we reserve the right to not process a payment to that payee in the future.