Establishment and Approval of Bank Accounts

Directive Statement

This directive establishes the requirements for establishing a University bank account.

Reason for Directive

All depository accounts using the University’s tax ID number of the name “University of Florida” are established by the University Controller.  All bank accounts must reside within banks approved by the Board of Trustees as public depositories.

Who Must Comply?

All University departments.  Direct Support Organizations (DSOs) are excluded from these provisions.

Procedure & Best Practice