All requests for payments via wire transfer should be submitted to Accounts Payable, following the procedures identified in Operating Policy and Procedure (OP) 72.11. Treasury & Cash Management is responsible for the execution of wire transfer payment requests received from Accounts Payable.
For all domestic wires, Accounts Payable will complete the Domestic Wire Transfer Request Form. All information provided on the Domestic Wire Transfer Request form should be complete in order for proper execution of the transaction.
Requests for payment via wire transfer should only be requested when a purchasing card or check payment is not feasible. Wire transfers are the costliest form of payment due to the number of individuals involved in the processing and execution of the payment, as well as the bank fees incurred.