Payments to CMU via EFT

Use this procedure anytime there is a request from a vendor to send a payment to Central Michigan University via Electronic Funds Transfers (EFT) and bank information is needed.

Important: It is the department’s responsibility to submit a new request to Treasury every time EFT information is provided to a vendor.

Responsible area	Procedure
EFT Initiator (department)	An EFT authorization request is received by the department to complete from a vendor. Complete the EFT Authorization Request form on SharePoint. If the vendor provided a paper form, the department should complete all sections besides CMU bank specific fields and upload the document to SharePoint at the bottom of the EFT Authorization Request form. If the vendor is requesting EFT information to be completed via an online portal, then there will be a minimum requirement of two users who will have access to the online portal and an account verification letter will be provided upon completion of the request by Treasury.
Treasury Department	The Financial Analyst in the Treasury Department will process the request and provide the requested information to the department via email once all questions have been answered and no other items are needed.

Responsible area

Procedure

EFT Initiator (department)

An EFT authorization request is received by the department to complete from a vendor.

Complete the EFT Authorization Request form on SharePoint. If the vendor provided a paper form, the department should complete all sections besides CMU bank specific fields and upload the document to SharePoint at the bottom of the EFT Authorization Request form. If the vendor is requesting EFT information to be completed via an online portal, then there will be a minimum requirement of two users who will have access to the online portal and an account verification letter will be provided upon completion of the request by Treasury.

Treasury Department

The Financial Analyst in the Treasury Department will process the request and provide the requested information to the department via email once all questions have been answered and no other items are needed.