Printed on: 08/15/2020. Please go to http://policy.umn.edu for the most current version of the Policy or related document.
University of Minnisota  Appendix

Available Treasury Management Services

Appendix to Policy

The Treasury Management Services policy 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 card
  • Centralized ACH (Automated Clearing House) disbursement
  • International wire or draft in United States Dollar or foreign currency

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