Wire/ACH Transfers:
Documentation Required:
Please complete the following forms:
1. Payment Approval Form - (link will take you to the Controller's page) This form is required if there is no current Purchase Order on file for this vendor.
2. Outgoing Wire/ACH Transfer Request (DocuSign form)- see below for information needed to process the request and a sample copy of the form can be found here. The person verifying the bank information should be filling out and signing the form in Docusign. Once the form is finished and signed, Docusign will send the completed pdf to Accounts Payable for review and processing. The signer will also receive a copy of the completed form via email from Docusign.
3. Supporting documentation - invoice, email, banking information as provided by the vendor/beneficiary, etc.
* It is imperative that you verify the authenticity of the banking information via a direct call to the vendor.
Domestic Wire Transfers
The following information will be needed:
- Bank name, city, state and zip code
- Bank’s ABA number
- Account Holder (Beneficiary) Account number
- Account Holder (Beneficiary) name, city, state and zip code
- Amount to be paid
- Banner index and account number
- Contact name and number of staff initiating wire
A $10 charge will be assessed to the requestor's Banner account to offset the cost of the wire transfer.
International Wire Transfers
The following information will be needed:
- Bank name and complete address
- SWIFT Code (The SWIFT code is an 8 or 11 alphanumeric characters long)
- Currency
- Account Holder (Beneficiary) name and complete address
- Account Holder (Beneficiary) account number
- Banner index and account number
- Contact name and number of staff initiating
A $22 charge will be assessed to the requestor's Banner account to offset the cost of the international wire transfer. International wires may take a few days for the beneficiary to receive the funds.
If the vendor/beneficiary requires payment in foreign currency please read section: Disbursements in Foreign Currency