Outgoing Wire Payments

Directive Statement

Departments responsible for disbursing funds via bank wires must notify the Investment Accountant at 352-392-9057 in advance of any wires for disbursements exceeding $10,000.

Reason for Directive

Timely notification will allow for the efficient investment of excess funds and ensure adequate funds are made available to cover disbursements. Significant costs may be incurred if proper notification is not received.

Who Must Comply?

All University departments.

Procedure & Best Practice

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