Wire/ACH Transfers:
Documentation Required:
Please complete the following forms:
1. Payment Approval Form - (link takes 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 Domestic and International payments. Refer to the How-to Guide for instructions on completing the form. A sample copy of the form can be found here.
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 phone 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 for the bank/wire fee
- 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/BIC Code
- Currency of the received payment
- Account Holder (Beneficiary) name and complete address
- Account Holder (Beneficiary) account number
- Banner index and account number for the bank/wire fee
- Contact name and phone number of staff requesting the transfer
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.