Banking Information

  • Accepting Foreign Checks for Deposit
    Clemson University accepts deposits of foreign checks for many countries. Foreign checks are credited to your account in a matter of days. Make sure the foreign check has micro encoding on the bottom of the check. With the micro encoding missing from the item and with no U.S affiliated bank identified it means that it may be a Foreign Draft and not a check. You can accept a foreign draft, but you must contact Cash and Treasury Services to negotiate the draft. The draft will be taken to our Banking Institution to be sent for collection. Collection will take 4 to 6 weeks. It is important to note that due to a $35 or higher processing fee, the bank will not accept a foreign item for collection with a face value of less than $100. If you have any questions please contact Cathy Freeman with Cash and Treasury Services at 864-656-0530.
  • Accepting Funds at the University
    Departments must be authorized to receive payments on behalf of Clemson University. Approved departments are responsible for ensuring adequate internal controls are in place and secure the collection and proper receipt of monies.

    If you would like to accept payments on behalf of Clemson University, please submit a Request to Receive/Receipt Funds Form to Cash and Treasury Services.

  • Bank Accounts
    Bank accounts used to conduct University business are approved by the Chief Financial Officer. The Board of Trustees authorized the Chief Financial Officer to approve the process of opening an account and depositing University Funds in a commercial bank and any other financial organization or to establish a petty cash fund. No other organizational unit, department or administrative office has the authority to open an account and deposit University funds in a commercial bank and any other financial organization, or to establish a petty cash fund except when specifically authorized, in writing, by the Chief Financial Officer.

    Procedure —  BANK ACCOUNTS

    If you have questions regarding any aspect of our financial process or procedures, please do not hesitate to contact Cathy Freeman or call 864-656-0530.
  • Bank Holiday Schedule

    For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday; however, the Board of Governors will be closed. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday.

    2012

    2013

    2014

    2015

    2016

    New Year's Day

    January 2

    January 1

    January 1

    January 1

    January 1

    Birthday of Martin Luther King, Jr.

    January 16

    January 21

    January 20

    January 19

    January 18

    Washington's Birthday

    February 20

    February 18

    February 17

    February 16

    February 15

    Memorial Day

    May 28

    May 27

    May 26

    May 25

    May 30

    Independence Day

    July 4

    July 4

    July 4

    July 4*

    July 4

    Labor Day

    September 3

    September 2

    September 1

    September 7

    September 5

    Columbus Day

    October 8

    October 14

    October 13

    October 12

    October 10

    Veterans Day

    November 12

    November 11

    November 11

    November 11

    November 11

    Thanksgiving Day

    November 22

    November 28

    November 27

    November 26

    November 24

    Christmas Day

    December 25

    December 25

    December 25

    December 25

    December 26

  • Counterfeit Currency
    Keep up to date on changes to US currency. Know what to look for when accepting U.S currency. For more information, visit The U.S. Currency Education Program Website.
  • Deposit Slips
    ADeposit slips will be paid for by Cash and Treasury Services provided they are ordered through our department and not ordered as a RUSH.
    • If a RUSH is requested, it will be the responsibility of the department to cover all charges for the deposit slips.
    • Please allow 2-3 weeks for deposit slips to arrive once they are ordered.
    • Whenever a deposit is made, a deposit slip MUST be included, regardless of the amount, or the type of deposit.

    If you need to order deposit slips, please submit a Deposit Slip Order Form to Cash and Treasury Services. 

    If you have any questions please contact Cathy Freeman with Cash and Treasury Services, at 864-656-0530.

  • Endorsement Stamps
    Approved endorsement stamps, at a minimum, must include all of the following:
    • Department Name
    • For Deposit Only
    • Clemson University
    • Deposit Sweep Account
    • Bank Name
    • Bank Account Number

    Please contact Cathy Freeman with Cash and Treasury Services at 864-656-0530 to get Bank information before ordering your stamp.

  • Local Banks
  • Returned Items

    Returned Check: All returned checks are processed by the bank twice before deemed insufficient. All returned checks are initially returned by the bank to the office of Cash and Treasury Services. Upon receipt of a returned check, the Office of Cash and Treasury Services will determine the depositing unit or account which accepted the check. The charge for a returned check is $30.00. The University will charge a returned check fee for each returned check. Returned checks must be paid by cash, money order, or cashier’s check.

    Returned eCheck: All returned eChecks are initially returned by the bank to the office of Cash and Treasury Services. Upon receipt of a returned eCheck, the Office of Cash and Treasury Services will determine the depositing unit or account which accepted the eCheck. The charge for a returned eCheck is $30.00. The University will charge a returned eCheck fee for each returned eCheck. Returned eChecks must be paid by cash, money order, or cashier’s check.
  • Sending Money to Clemson University via Wire Transfer and/or EFT

    Please note that this account is designated for incoming money only. No attempts to debit the account will be honored.

    Whether you are sending money to Clemson University via Wire transfer and/or EFT please contact the Accounts Receivable area within Cash and Treasury Services before sending funds to Clemson University.

    General Information: Accounts_receivable-l@clemson.edu or 864-656-5604

    Any questions regarding the claiming of funds should be directed to Accounts Receivable.

    Note: If a duplicate wire transfer and/or EFT payment is received by Accounts Receivable it will be the department’s responsibility to return the funds to the originator of the wire transfer and/or EFT payment.