Requesting Payment via Wire Transfer

All requests for payments via wire transfer need to be sent to Accounts Payable following the same procedures as any other payment request. Treasury Operations is responsible for the execution of wire transfer payments received from Accounts Payable.

  1. Complete the “Request for Payment via Wire Transfer “. It is imperative that all information requested be provided in order for the transaction to be completed properly.
  2. Forward the form to Accounts Payable following the same procedures as any other payment request.
  3. Accounts Payable will forward the request to Treasury Operations for execution of the transaction.
  4. There will be a $25.00 fee charged to the account/deptid/project/grant indicated on the form for each wire transfer processed.

PLEASE NOTE:
Requests for payment via a wire transfer should only be requested for payments to non-domestic bank accounts and when a PCard purchase or check payment is not feasible. Wire transfers are the costliest form of payment due to the number of individuals involved in the processing/execution of the payment as well as the bank fees incurred and should therefore only be requested when absolutely necessary. Use of wire transfers for  domestic bank accounts will only be allowed on an exception basis and in an emergency situation. 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.