How to Change the Payee on an Account

A payee is a person or business who receives or is designated to receive a payment. Today, many bank accounts offer some form of online banking to allow you to pay bill electronically. Bill pay allows you to send funds electronically to pay bills. At times, you might need to change the payee information on your account. You can manually edit the payee information through your financial institution's bill pay system.

Instructions

1. Log on to your online banking account and select the "Bill Pay" or "Transfers and Payments" option.

2. Click "Payees" and select the payee you want to change.

3. Click the option to "Edit" or "Update" your payee.

4. Change the payee information you want to update. You can generally change the payee name, account nickname, account number, account address or account phone number.

5. Click the "Save" or "Save Changes" button. Your payee information is now updated and when future payments are sent to the payee, the changes will be reflected.

References

• SELO: Bill Payer User Guide
• Merriam-Webster: Dictionary