Available Treasury Management Services

The Administrative Policy: Treasury Management Services covers the following types of treasury management services:

• Armored courier service
• Bank supply orders:
  • Tamper proof deposit bags
  • Check deposit scanners
  • Endorsement stamps
  • Check orders
• Brokerage services and investments
  • Money market accounts
  • Mutual fund accounts
  • Exchange traded funds (ETF)
  • Equity and fixed income securities
  • Certificates of deposit
• Change funds
• Checking and savings accounts at financial institutions (e.g. banks, credit unions, savings & loans, etc.)
• Custody services
• E-Check services
• Electronic fund transfer:
  • Automated Clearing House (ACH)
  • Wire (domestic or international)
• Escrow services
• Foreign currency purchases
• Lines of credit
• Lockbox services
• Merchant card processing services (e.g., credit and debit card processing via point of sale or integrated into an online software application)
• Remote capture deposit services (i.e., desktop deposit)
• Stored-value cards
• Vault cash services

Note: Petty cash funds are considered a treasury management service. Establishment and use of a petty cash fund is prohibited. Payment for goods and services on behalf of the University are made via an approved payment method. The following payment methods are available to units:

• Centralized check disbursement
• Manual check disbursement via a legacy bank account (e.g., contingent or research subject payment account access)
• Cash advance
• Stored-value card
• Procurement card
• Travel & Expense card
• Centralized ACH (Automated Clearing House) disbursement
• International wire or draft in United States Dollar or foreign currency