Wire Transfers

BYU can make domestic and international electronic payments payable in US Dollars and many foreign currencies. Domestic electronic payments can be sent by next-day ACH (a.k.a. Direct Deposit EFT) or by same-day Fed Wire transfer. BYU also can send a cash payment to many global locations using Western Union/Convera Retail Cash if a wire or foreign exchange ("FX") payment is not possible. Electronic payments to vendors and suppliers will be initiated in Workday using the "Create Supplier Requisition" function. For more information on processing a wire transfer please contact Purchasing & Travel department at (801) 422-3872 to create a supplier requisition within Workday.

ACH

Required information for next-day ACH payments includes: Exact spelling of the name on the bank account, account number, bank name, and bank ACH routing/ABA number. Departments can also supply the Vendor Direct Deposit Form to vendors to complete using their domestic business checking account information and they can upload it to Workday when creating a supplier requisition.

Fed Wire

Required information for all Fed Wire payments (either domestic same-day or international) includes: Exact spelling of the name on the bank account, account number, bank name, and bank routing/ABA number for domestic Fed Wires. For international wires or FX payments, required information includes: Exact spelling of the name on the bank account, account number (or IBAN for most European countries and some non-European countries; CLABE for Mexico), bank name, bank SWIFT/BIC code, and bank Sort Code or International Routing Code (depending on the destination country). Banking requirements for some of the most common foreign currencies sent and the countries those currencies are sent to can be found using these forms.

Western Union/Convera Retail Cash

If a wire or FX payment to an international individual is not possible, it may be possible to send them cash in their local currency using Western Union/Convera. Please contact Dallin Fredrickson at (801) 422-8309 to get an assessment of your situation. Required information for Western Union/Convera Retail Cash payments includes: Exact spelling of the name of the person who is to receive the cash payment as it matches exactly on a government issued ID such as a passport and the address of the intended recipient. Once payment is made, Treasury Services will communicate an MTCN (Money Transfer Control Number) to the requesting department who will then have to pass that along to the person in-country so they can obtain the cash at any Western Union retail location in their country.

Processing Schedule

All electronic payments will be made using Workday. Please contact the Purchasing & Travel department at (801) 422-3872 for help starting a "Create Supplier Requisition" request within Workday. Questions regarding vendor/supplier setup for domestic or international payments can be directed to the Suppliers Desk, who can help with the appropriate tool/process within Workday. Please email suppliers@byu.edu or call (801) 422-0895.