Common use of PAYEE DESIGNATION Clause in Contracts

PAYEE DESIGNATION. You can use the ▇▇▇▇ Pay Service to make payments to almost any Payee or Payee, including individuals, local service providers, utilities, credit cards, mortgage or loan payments, or charitable donations, etc. The ▇▇▇▇ Pay Service cannot be used to make payments for the following: • Tax payments to the Internal Revenue Service or any state, local or other government agency; • To purchase securities; • Payment of illegal transactions; • Court-ordered payments such as child support or alimony; and • Payees located outside of the United States. By furnishing us with the names of your Payees, account information and addresses, you give us authorization to follow the Payment instructions that you provide to us. When we receive Payment instructions for the current date or a future date, TSB will remit the funds to the Payee on your behalf from the funds in your designated Account; on the day you have instructed them to be sent (“Payment Date”). We are not obligated to pay funds from your Account if the available Account balance is insufficient to cover the Payment. Funds for ▇▇▇▇ payments paid electronically will be withdrawn from your account on the scheduled payment date. Funds for ▇▇▇▇ payments paid by check will be withdrawn from your account when the check clears your account. We are not responsible if a Payment cannot be made due to incomplete, incorrect, or outdated information provided by you regarding a Payee, or if you attempt to pay a Payee that is not on your Payee Accounts list.

PAYEE DESIGNATION. You can use the ▇▇▇▇ Pay Service to make payments to almost any Payee or PayeePayees, including individuals, local service providers, utilities, credit cards, mortgage or loan payments, payments or charitable donations, etc. The ▇▇▇▇ Pay Service cannot be used to make payments for the following: •  Tax payments to the Internal Revenue Service or any state, local or other government agency; •  To purchase securities; •  Payment of illegal transactions; • Court-ordered  Court‐ordered payments such as child support or alimony; and • and/or  To Payees located outside of the United States. By furnishing us with the names of your Payees, account information and addresses, you give us authorization to follow the Payment instructions that you provide to us. When we receive Payment instructions for the current date or a future date, TSB the Bank will remit the funds to the Payee on your behalf from the funds in your designated Account; on the day you have instructed them to be sent (“Payment Date”). We are not obligated to pay funds from your Account if the available Account balance is insufficient to cover the Payment. Funds for ▇▇▇▇ payments paid electronically will be withdrawn from your account on the scheduled payment date. Funds for ▇▇▇▇ payments paid by check will be withdrawn from your account when the check clears your account. We are not responsible if a Payment cannot be made due to incomplete, incorrect, incorrect or outdated information provided by you regarding a Payee, or if you attempt to pay a Payee that is not on your Payee Accounts list.