payee
3 antonyms for payee — opposites grouped by meaning.
Noun — The person or organisation that money is paid to, especially the one named on a cheque, transfer or payment order.
Antonyms
How to use payee
The word patterns that sound natural to a native speaker.
named payee
payee details
add a payee
payee account
Standard in banking, legal and accounting contexts; rare in casual speech.
Etymology
From pay plus the suffix -ee, which marks the person on the receiving end of an action, as in employee and addressee.
Full origin of payee →Frequently asked questions
What is the difference between a payee and a payer?
The payer is the one sending the money and the payee is the one receiving it. On a cheque, the payer is the account holder who signs it and the payee is the name written on the 'pay to' line.
Is the payee the same as the beneficiary?
Often, but not always. The payee is whoever the payment is legally made out to; the beneficiary is whoever ultimately benefits from it. A payment can go to a trustee as payee for the benefit of someone else.
What does 'add a payee' mean in online banking?
It means saving someone's account details in your banking app so you can send them money without re-entering the numbers each time. Banks usually verify the name against the account before allowing it.
