- Accounts Payable
- General Accounting
- Sponsored Programs
Paying by Foreign Draft
Foreign Draft Payment
The College makes payments to vendors with checks in US dollars. Certain payments are required to be made in a foreign currency draft.
The bank charges the College an additional fee for foreign drafts. Departments requesting foreign drafts will be charged the bank fee. The current fee is $5 for each foreign draft and is subject to change.
All foreign drafts must follow existing Accounts Payable policies for expenditures and payment terms.
Request for foreign drafts should be made on the Check Request Form. The box at the bottom of the form should be checked off indicating a request for foreign draft. The foreign currency should be provided. Forward form with supporting documentation to Accounts Payable for processing.
Please allow 9-12 business days for processing.