Wire Transfer Fee

 

The normal method of payment of invoices, travel, and miscellaneous reimbursements is by check and/or ACH.  In addition, the Treasurer’s Office will soon begin processing by credit card.

 

The wire payment process is the most time consuming and expensive payment method.  It requires several additional manual transactions, and the number of requests for wire transfer payments continues to increase at a significant rate despite our attempts to prevent it.

 

Therefore, as of November 1, 2011, departmental accounts will be charged a $50 fee for each wire transfer processed as payment.

 

Federal research contracts which require this payment method will be exempt from this fee.

 

Should you have any questions, please contact Cindy Stockdale at 865-974-2580 or cstockda@tennessee.edu

 

 

 

 



 



 

Contact:

 

Charles M. Peccolo

Vice President & Treasurer

 

301 Andy Holt Tower
Knoxville, TN 37996
865-974-2302
865-974-2701 Fax