Wire Transfers

Definition of a wire transfer

A wire transfer is a way to transfer funds electronically to pay vendors.  The University utilizes wire transfers for vendors outside the United States.

Procedures to request a wire transfer

Please refer to ProcureSU and process the Wire request form.  Wires are exclusively for foreign vendors.

If the invoice is not in English, a translation is required. Once the wire request is processed and approved in ProcureSU it takes approximately five business days for the vendor to receive the funds. 

The bank charges a $35 fee for each wire transfer. The exchange rate used on the wire will vary and as such, it is recommended that the reporting unit review the final transaction amount in ProcureSU.