The College makes payments to vendors with checks in US dollars.
Certain payments are required to be made in a foreign currency or via
wire. All foreign currency payments must be made via wire
transfer.
The bank charges the College an additional fee for wire transfers.
Departments requesting wire transfers will be charged the
bank fee. The
current fee is $75 for each wire transaction and is subject to change. Please note that due to the importance of the accuracy of the banking and account information, the Wire Request forms must be typed. Payments by wire requested on handwritten Wire Request Forms will not be processed.
The department is responsible for obtaining all appropriate wiring and banking
information. An additional fee will be charged to the departments for any incorrect
information resulting in a need to re-send the wire.
All wires must follow existing Accounts Payable policies for expenditures
and payment terms.
