Wire Transfers and Foreign Drafts.ppt

What Document is Done on *DEFINE to Record the Wire Transfer or Draft? After the wire is sent, a VC1 document is created by Cash Management to charge the department’s account The department’s account is charged a wire fee. Domestic wire - $9.00 Foreign wire - $15.00 Fees for Foreign Drafts are: $0-$2,999 Fee is $11.00 $3,000-$9,999 Fee is $26.00 $10,000 and over Fee is $51.00 Completed Wires Drafts The department contact will receive an FYI copy of the VC1 document. The original records will be submitted for imaging and will be available on the system. Cash Management retains a copy of all wire/draft requests for three months or until verified on the imaging system. Questions If you have any questions regarding wire transfers or bank drafts, please contact Cash Management. Maria Gettier 512-232-2108 Steven Hollifield 512-471-8751 * * * * * * * * * * * * * * * * * * * * * * * * Thank you for viewing this presentation. For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu Thank you for viewing this presentation. For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu Thank you for viewing this presentation. For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu Thank you for viewing this presentation. For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu For more information, contact: User Services Financial Information Systems 512-471-8802 oa.askme@austin.utexas.edu W