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Accounting Services

Effective: February 1, 2003
Revised: February 1, 2003
Related Policy

All new in-coming wire transfers and/or EFT payments must be coordinated with the department of University Revenue and Receivables to ensure all documentation is properly completed and funds are adequately accounted for. Wire transfer instructions must be obtained from the Accounts Receivable Manager or designee. In each case, the payor will be instructed to include the student’s university identification number to ensure accurate processing of the payment. EFT tuition payments require a written authorization form signed by the bank account holder. All changes to the draft amount must be made in writing at least 10 business days prior to the effective debit date. Requests for bank changes or payor changes require a valid signature of the bank account holder and must be made at least 30 calendar days prior to the effective debit date. EFT payments will be processed in accordance with current banking regulations.
A $25 returned item fee is assessed for all EFT tuition payments returned for any reason.