Wire Transfers

The University will allow funds to be wired to international vendors if payment by check is not practical or allowable. Wires for US-based vendors are not allowed due to additional administrative and banking costs associated with wire transfers. These payments must follow the University’s purchasing and procurement policies and procedures.

For a wire transfer to be processed through the Financial Management System or UGAmart, the following information must be provided to Accounts Payable by the University department authorizing payment:

• Beneficiary Bank’s Name
• Beneficiary Bank’s Address
• Beneficiary’s Name on Account
• Beneficiary’s Account Number
• Currency Payment is to be made in

Additional Information

• Beneficiary Bank’s Swift Code
• Beneficiary’s IBAN

Please note that it can take from one to ten business days after a wire is processed for it to be credited to the beneficiary’s account.

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