Payee

usgb/ˌpeɪˈiː/
noun

The person who receives a payment.

The payee's name was written on the check
Visual representation of "payee" - The person who receives a payment

Often appears as...

  • payee's account
  • payee bank
Definition 1 of 1
Visual representation of "payee"
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Financial Context

Payee occurs frequently in banking and finance, always referring to money receivers.

Illustration for Financial Context
Please write the payee's full name under 'Beneficiary' in the transfer form.
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Documents and Forms

On checks and payment forms, 'payee' indicates who should receive the funds.

Illustration for Documents and Forms
Make sure the payee's details are correct to avoid transaction issues.
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Not Always Individuals

Payee can refer to organizations or businesses, not just individual people.

Illustration for Not Always Individuals
The payee on the electricity bill is the power company, not a person.
Visual representation of the word "Payee"

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