Payment Type Selection Chart

Payment Type Important Information for Departments
ACH/EFT
  • University payment type for all domestic suppliers
  • Least amount of risk to both the University and the Supplier
  • Fastest payment delivery to the Supplier
  • Sign-Up for ACH/EFT using 3401 FR.02 Supplier Payment Setup: ACH/EFT. Attach it to your set-up/change request
SUA Predetermined and executed only by Procurement
Wire
  • University payment type for International Suppliers or Payments Requested in a Foreign Currency
  • Foreign Currency wires must be $100 or more
Check
  • Only if no other option is available
  • Increases risk to the University and Supplier due to fraudulence
  • Increased time to receive payment for the Supplier (time to mail, lost/stop payment/ reissued checks)