How To Notify Cash Management of Outgoing Draft/Wire Payments

Fill out an Outgoing Draft/Wire Form

1. Attach the Outgoing Draft/Wire Form to the front of the invoice and the invoice packet prepared for payment. Make sure one of the following forms are included in the invoice packet - Purchase Order (PO), Direct Payment (DP), Payment to Individual Form (PIR), or Travel Expense Report (TER).
2. Process the invoice packet through regular department payment channels.
3. To inform the Accounts Payable staff to process the payment as a draft/wire, make the invoice packet as follows:
   
   For Draft payments, state clearly on the invoice: "International Draft Transfer - Give to Cash Management, Room 6230"
   
   For Wire payments, state clearly on the invoice: "International Wire Transfer - Give to Cash Management, Room 6230"

Department Costs for Outgoing Draft/Wire Transactions

• Drafts - $5 per transaction.
• International Wires - (in US currency) $35 per transaction. Charged to the same accounting string as the original payment.
• International Wires - (in Foreign currency) $35 per transaction. Charged to the same accounting string as the original payment.
• Domestic Wires - (in US currency) $35 per transaction. Charged to the same accounting string as the original payment.

How To Make Foreign Payments By Wire Or Draft | Cash Management