Use this procedure anytime there is a request to send an EFT from Central Michigan University.
EFT Initiator (department)
Invoice received for payment of services or purchase of a product.
Verify that the invoice is correct and get approval to pay. Go to https://apps.cmich.edu/invoiceparking/ to submit invoice to payable accounting for processing. Prior to sending to Payable Accounting, you must have all of the correct documentation (along with the invoice), (received from the vendor) to include:
- Pay to the order of: Correct name and spelling of the account holder
- Bank name and routing number (SWIFT code if foreign)
- Bank account number (IBAN if foreign)
- Currency of payment to be sent
- Dollar amount to pay
- Provide additional details that need to be included for receiving bank.
NOTE: It is the responsibility of the department to insure that all information is correct. If incorrect information is given (i.e. account numbers, name of account, etc.) and this causes additional transactions, the department will be charged. In addition, if an international wire is returned due to incorrect information received, the department will be responsible for the difference in the value of the wire due to exchange rates.
|Payable Accounting will forward the approved request, and backup documentation, to the Treasury Department at the following email address: email@example.com|