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Cornell University
Cornell University
Office of the Treasurer
  • About
    • Contact
    • Events
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  • Cash Management
    • Processing International Funds
      • Int’l Currency Conversion
      • International Exchange Rates
    • Processing Credit Cards
      • Getting Started
        • Rules and Requirements
        • Setting Up a New Merchant ID
        • Changing Your Merchant Setup
        • Reporting Tools
      • Credit Card Processing Fees
      • Credit Card Support, Guides and Forms
    • Processing Cash and Checks
      • Armored Car Service
      • Cash Deposits
      • Lockbox Processing
      • Remote Deposit Capture
      • Spotting Counterfeit Currency
      • Spotting Forged Checks
    • Processing Wires and ACH Payments
    • Paying Vendors by Wire, ACH, or Draft
    • Unidentified Receipts
    • Policies and Training
    • Forms
  • Debt
    • Investor Relations
      • CU Debt Rating
      • Green Bonds
    • Internal Debt
      • Internal Borrowing Guidelines
      • Notice of Intent to Borrow for Capital Project
      • Internal Borrowing Rate
    • Private Use Compliance
      • Private Use Policy and Guidelines
      • Private Use Template: Cornell Staff Resource
      • Buildings Funded with Tax-Exempt Debt
  • forms
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In this section

  • Processing International Funds
    • Int’l Currency Conversion
    • International Exchange Rates
  • Processing Credit Cards
    • Getting Started
      • Rules and Requirements
      • Setting Up a New Merchant ID
      • Changing Your Merchant Setup
      • Reporting Tools
    • Credit Card Processing Fees
    • Credit Card Support, Guides and Forms
  • Processing Cash and Checks
    • Armored Car Service
    • Cash Deposits
    • Lockbox Processing
    • Remote Deposit Capture
    • Spotting Counterfeit Currency
    • Spotting Forged Checks
  • Processing Wires and ACH Payments
  • Paying Vendors by Wire, ACH, or Draft
  • Unidentified Receipts
  • Policies and Training
  • Forms

Paying Vendors by Wire, ACH, or Draft

In addition to an accounts payable check, payments can be made to vendors (both international and domestic) by one of the following methods:

  • Wire Transfer (international and domestic)
  • ACH Transfer (Automated Clearing House) (domestic only)
  • Draft (international only)

Payments can be made in U.S. dollars and most international currencies.

When possible, please make payments to international vendors in their own currency. This method is more economical for the university.

Fees

There are no additional fees charged directly to departments to make payments by any of these methods.

Initiating the Payment

The following procedures are used to process payments to a vendor using one of the above methods:

  1. The initiator processes the payment on a Disbursement Voucher e-doc (KFS)
  2. E-docs received by 5:00 p.m. will be processed the following day.
  3. Cash Management submits the payment to the bank, and approves the e-doc.

See Also: Paying Purchase Order Invoices in Foreign Currency

Office of the Treasurer

260 Day Hall
Ithaca, NY 14853

CONTACT US

Email:  treasurer@cornell.edu
Wires/Payments: cashmanagement@cornell.edu
Hours: 8:00 a.m. - 5:00 p.m., Monday - Friday

 


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