Student Organization Accounts Services

Sending a Wire Transfer

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


Payments over $10,000

The University has a certain set of procedures in place to properly handle and process payments that are over $10,000. This process typically includes bidding your desired service/good to area vendors in order to find the best price for your student organization. UM's Procurement department has this policy in place for three reasons:


Receiving a Wire Transfer

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.

metal art on Michigan campus

Transition Your Authorized Signers

How To Make New Leadship 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 going into a new semester. The process can get a bit complicated, so please refer to the following steps below:

Note: This process should only be followed September-March 1st. After March 15th, your group will need to register for the new academic year.


Student Organization Registration Process

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: