Requesting a Wire Transfer

A wire transfer is a common method of payment, specifically when paying a foreign supplier. However, wiring money to a vendor incurs a charge to the University from the bank. This charge is then passed on to the department requesting the wire in the amount of $25.00 for domestic wires or $45.00 for foreign wires.  Although wires are available for domestic suppliers, the preferred method of payment is ACH. This allows for funds to be direct deposited into the supplier’s bank account with no fees attached.

To request a wire transfer, the department must request this through the comments in the requisition or Notes to Accounts Payable in the payment request form.  Wire information is not stored in our system, therefore, wire information must be provided each time a department requests a wire as the method of payment.  Wire information should include:

• Account Holder Name
• Bank Name
• Bank Address
• ABA Routing Number (Required for Domestic wire transfers)
• Account Number (Required for Domestic/International Wire Transfers If IBAN not provided)
• IBAN Number (Required for international wire transfers if account # is not provided)
• Swift Code: (Required for international wire transfers)

Please ensure that an account number is provided in the comment/notes where the internal fee should be charged.  If an account number is not provided, the account used for the transaction will be billed the wire fee.  Please note that a sponsored award cannot be charged for this internal fee so a departmental account must be provided for the wire fee.

Questions? Contact Finance Customer Care at financecustomercare@ohio.edu.