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Many foreign and domestic institutions prefer to make payments using electronic fund transfers from their bank accounts to UCSD bank accounts, instead of using checks or cash. These transfers are wires or Automated Clearing House (ACH) payments.
Use the links below to learn the differences and about requesting bank information to receive these transfers, or go directly to instructions to check for unclaimed or unidentified fund transfers.
Wires:
- Wires usually originate in foreign countries.
- Payments are received in U.S. dollars.
- Net amounts received usually reflect the deduction of bank charges of about $25.
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ACH payments:
- Are made via an electronic payment network used by individuals, businesses, financial institutions, and government organizations
- Are the most common format of domestic electronic fund transfers
- Provide better cash management capabilities and lower costs than traditional paper payments
- Include basic entry details such as:
- Sender's name
- Financial institution routing number
- Account number
- Amount
- Effective date for the transaction
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Addenda records:
- Addenda records or addenda information includes additional payment information such as:
- Invoice number
- Accounts receivable account number
- Fund number
- Contract or grant number
- Department, or any other identifier
Note: To assist General Accounting in identifying the recipient of the funds, ask the sender to include this addenda information in the description of the wire or ACH.
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If you require UCSD's bank information to receive electronic fund transfers, find contact information listed by fund recipient below:
- For the main campus depository account (wires or ACH payments), e-mail bankwires@ucsd.edu.
- For the UCSD Medical Group, contact Rima A. Handal, (619) 543-1899.
- For the UCSD Medical Center (hospital), contact Gary Nittoly, (619) 543-3690.
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Need an expert? Contact General Accounting.
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