All Request for Check Payment in Foreign Currency need to be sent to Accounts Payable following the same procedures as any other payment request. Treasury Operations is responsible for the purchase of checks in foreign currency based on the requests received from Accounts Payable.
- Complete the "Wire Transfer/Foreign Currency Form". It is imperative that all information requested be provided in order for the transaction to be completed properly.
- Forward the form to Accounts Payable following the same procedures as any other payment request.
- Accounts Payable will forward the request to Treasury Operations for execution of the transaction.
- There will be a $25.00 fee charged to the account/deptid/project/grant indicated on the form for each foreign currency check purchased.
PLEASE NOTE:
Requests for check payments in foreign currency should only be requested when a PCard purchase is not feasible. Use of the PCard often results in a more favorable exchange rate on small dollar purchases and the elimination of transaction fees to your account.
