Florida Statutes
Fla. Stat. § 670.103 (2025)
Payment order: definitions.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
Find cases:
SyfertCases citing this section
FL-LEGleg.state.fl.us
JustiaFla. Statutes
CornellLII Search
CasesGoogle Scholar
670.103 Payment order: definitions.—
(1) In this chapter, the term:
(a) “Beneficiary” means the person to be paid by the beneficiary’s bank.
(b) “Beneficiary’s bank” means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make payment to the beneficiary if the order does not provide for payment to an account.
(c) “Payment order” means an instruction of a sender to a receiving bank, transmitted orally or in a record, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if:
1. The instruction does not state a condition to payment to the beneficiary other than time of payment;
2. The receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender; and
3. The instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.
(d) “Receiving bank” means the bank to which the sender’s instruction is addressed.
(e) “Sender” means the person giving the instruction to the receiving bank.
(2) If an instruction complying with paragraph (1)(c) is to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment.
(3) A payment order is issued when it is sent to the receiving bank.
Notes of Decisions
Cited in 4
cases (2 in the last 5 years), 2015–2022 · leading case: Anderson v. Branch Banking & Trust Co. ex rel. BankAtlantic, LLC, 119 F. Supp. 3d 1328 (S.D. Fla. 2015).
Anderson v. Branch Banking & Trust Co. ex rel. BankAtlantic, LLC, 119 F. Supp. 3d 1328 (S.D. Fla. 2015). “’ ”). However, “[t]he term does not include a payment order governed by chapter 670 or a credit or debit card slip.”
Gilbert & Caddy, P.A. v. JP Morgan Chase Bank, N.A., 193 F. Supp. 3d 1294 (S.D. Fla. 2016). “” Fla. Stat. Ann. § 670.104 (1). For the definition of ‘'payment order” and ‘‘beneficiary,” see Fla.”
Azure Coll., Inc. v. Bank of Am. Corp. (S.D. Fla. 2022). “” Fla. Stat. § 670.103 (c)(2) (emphasis added).”
Yair Barak v. Acs Int'l Projects, Ltd., Etc. (Fla. 3d DCA 2021). “§§ 4A-103–104; §§ 670.103–.104, Fla. Stat. The text is wholly silent as to the rights and remedies of all others.”
— 670.103(1)(e) — 1 case
Azure Coll., Inc. v. Bank of Am. Corp. (S.D. Fla. 2022). “” Fla. Stat. § 670.103 (c)(2) (emphasis added).”
— 670.103(c) — 1 case
Azure Coll., Inc. v. Bank of Am. Corp. (S.D. Fla. 2022). “” Fla. Stat. § 670.103 (c)(2) (emphasis added).”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.