How does Electronic Funds Transfer (EFT) Employee Reimbursement work?
Faculty and staff, who currently receive Payroll Surepays in their checking accounts, will automatically receive Accounts Payable EFT for employee reimbursements. EFT Advices will be mailed to the same address as their Payroll Surepay remittance addresses. EFT payments have a two-day bank settlement date. Funds will be made available to payees two work days after the EFT pay cycle run date. Employees who do not wish to have their reimbursements directly deposited, or wish to use a different checking account, will be required to complete and send along with a voided check an Accounts Payable Direct Deposit Request or Cancellation Form ( http://www.acctg.ucsf.edu/2002/ap_request_form.pdf ) to Accounting, Campus Box 0812. How to Request a Domestic Wire Transfer Payment A Wire Transfer Payments is an electronic payment made to a vendor for a specific amount. Instructions are sent to our bank then the electronic payment is made to the vendor’s bank. These payments are made by the Accounts P
