How To Make New Leadership Authorized Signers
Whether it’s graduation, study abroad, or new member recruitment, there are plenty of reasons why a group’s Authorized Signers may need to change throughout the year. Please refer to the following steps below to transition your Authorized Signers:
Sometimes registering your organization and requesting Authorized Signers can be confusing, use this graphic to help navigate this process.
Each academic year, your organization will need to register with CCI and SOAS.
Timeline:
How to Send a Wire Transfer to an Outside Entity
As a student organization, you may send wire transfers to an outside entity. If you are trying to send funds to an University entity, please follow our Transfer Purchase Request process; do not follow these instructions. There is a $15 charge to student organizations who wish to send payment via a wire transfer.
Step 1: Decide what type of Purchase Request you'll need
The University has a certain set of procedures in place to properly handle and process purchases over $10,000. For payments between $10,000 and $50,000, student organizations will work with SOAS and ASAP to secure the best price for the goods and/or services. Payments over $50,000 will require a formal bidding process. UM's Procurement department has this policy in place for three reasons:
How to Receive a Wire Transfer from an Outside Entity
As a student organization, you may receive a wire transfer from an outside entity. If you are trying to receive funds from a University entity, that department will transfer the funds via their own processes; do not follow these instructions.