Wire Transfers

These are used for international payments, but there are exceptions in this case (Canada?), and a check is sent instead. How do we, as in the department submitting, know when we need to do a wire form? If a check ends up being sent instead who confirms that the remit address is correct prior to sending it?

Wires may only able to be made to a non-domestic bank account. As a general rule, international vendors should be paid via wire however some international vendors do have domestic bank accounts. This often is not known until we receive the wire form and ap disbursements sees it has a US address listed for the bank. AP disbursements may be able to provide additional information on this however as they are the ones responsible for the wire process. The invoice with foreign address should be marked for alternate payment method as ‘wire’. In the past, our system processed foreign checks, as invoices were not marked for wire.

However, if a foreign vendor has a US Bank account, we can set them up for an ACH/direct deposit.

As far as the remit to address, accounts payable selects the remit to address on the supplier invoice or if a specific remit-to address is not included on the invoice, the remit to address in the vendor profile (which is added by the vendor themselves) is used.

*It is the responsibility of the vendor to include the correct remit to address on their invoice or keep their profile up to date.*

When you are approving requisitions in HuskyBuy and you see a wire transfer form attached, please make sure the highlighted section is completed with the wire information. This field carries over to the PO and to the invoice to ensure that AP knows that this should be sent via wire and not as a check (international banks only).

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