For suppliers and payees paid through University of Minnesota Accounts Payable
This form is used for University of Minnesota suppliers to securely provide banking information in order to receive payment via authorized Automated Clearing House (ACH) deposit. The supplier will use this form to authorize their participation in receiving payment via ACH and provide their banking information. The Central Supplier Maintenance team will review this document, verify banking information, and once verified, enter the banking information to the supplier's file in the Central Supplier Database.
Bank Account & Payment Requirements
Please review the following criteria before submitting your banking information:
- U.S. Accounts Only: A valid, U.S.-based checking account is required. International ACH is not supported.
- Push Payments Only (No Direct Debits): The University of Minnesota does not provide its banking information or authorize debit or "pull" payments from University bank accounts. Suppliers must opt-in to receive credit or push payments from this institution in order to be paid electronically.
- Digital Wallets & Payment Apps: Payments cannot be issued through platforms like Wise, Cash App, or PayPal. Certain financial technologies are prohibited.
- Supplier ID: The individual or entity must possess, or be authorized to receive, a Supplier ID number.
- Tax Documentation: You must upload a valid tax document (W-9, W-8BEN, or W-8BEN-E) for verification purposes.
⚠️ Wise & Virtual Accounts Restricted
The University cannot support certain partner accounts connected to Wise. Due to banking regulations governing cross-border payments, we are unable to process ACH transfers to Wise virtual accounts or similar electronic money institutions. Specifically, we cannot accept ACH routing information associated with Community Federal Savings Bank, Evolve Bank and Trust, or Lead Bank.
If you are an international supplier, please contact your University team member to provide direct international banking details (SWIFT/IBAN) for a wire transfer.
🚫 Important Restrictions Regarding Wire Payments
– No Wire Info: Do not use this form to submit banking information for wire payments.
– No Domestic Wires: Wire payments cannot be made to U.S.-based bank accounts.
