Payee
noun
The person who receives a payment.
The payee's name was written on the check
Often appears as...
- payee's account
- payee bank
noun
The person who receives a payment.
The payee's name was written on the check
Often appears as...
- payee's account
- payee bank
Definition 1 of 1
Pro Tip 1/3Financial Context
Payee occurs frequently in banking and finance, always referring to money receivers.
Please write the payee's full name under 'Beneficiary' in the transfer form.
Pro Tip 2/3Documents and Forms
On checks and payment forms, 'payee' indicates who should receive the funds.
Make sure the payee's details are correct to avoid transaction issues.
Pro Tip 3/3Not Always Individuals
Payee can refer to organizations or businesses, not just individual people.
The payee on the electricity bill is the power company, not a person.
Pro Tip 1/3Financial Context
Payee occurs frequently in banking and finance, always referring to money receivers.
Please write the payee's full name under 'Beneficiary' in the transfer form.
Pro Tip 2/3Documents and Forms
On checks and payment forms, 'payee' indicates who should receive the funds.
Make sure the payee's details are correct to avoid transaction issues.
Pro Tip 3/3Not Always Individuals
Payee can refer to organizations or businesses, not just individual people.
The payee on the electricity bill is the power company, not a person.
Pro Tip 1/3Financial Context
Payee occurs frequently in banking and finance, always referring to money receivers.
Please write the payee's full name under 'Beneficiary' in the transfer form.
Pro Tip 2/3Documents and Forms
On checks and payment forms, 'payee' indicates who should receive the funds.
Make sure the payee's details are correct to avoid transaction issues.
Pro Tip 3/3Not Always Individuals
Payee can refer to organizations or businesses, not just individual people.
The payee on the electricity bill is the power company, not a person.
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Quote examples
Joichi Ito
Japanese Businessman
Money creates a power relationship between the payer and the payee.
Quote examples
Joichi Ito
Japanese Businessman
Money creates a power relationship between the payer and the payee.
Example 1 of 1
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