Outgoing Wire Payments

Procedures

It is important to provide timely notification to ensure adequate funds are available to cover disbursements. Banking & Merchant Services reserves the right to send any wires the following business day, since they are subject to available cash in the University’s bank accounts.

Any department disbursing funds via bank wires must complete the Outgoing Bank Wire Form, which includes the following information:
- Bank information
- Reference Information to identify the wire
- Appropriate signatory approval by the preparer’s supervisor
Attach backup documentation to the completed form
Fax the form and backup documentation to (352) 846-3576 or e-mail to investments@ad.ufl.edu
The Investment Accountant will confirm receipt of the notification and inform the department when the wire transfer will be sent
Create an Invoice in myUF Marketplace for a non-purchase order myUF Marketplace – Creating a Non-Purchase Order Invoice or from a Purchase Order myUF Marketplace – Creating an Invoice from a Purchase Order
Contact disbursements at Finance Hub (tfaforms.net)
If a new supplier is needed, fill out the Contact Form to have the supplier added to myUFL
Effective January 1, 2022, departments will no longer be billed for sending outgoing wires. The fees associated with performing bank wires will be absorbed by the University of Florida Controller’s Office

Please note, Banking and Merchant Services performs Foreign Currency, Emergency wires, and any wire that require an intermediary/third party bank. Disbursements perform USD wires.