How does IDRC transmit funds?
IDRC sends funds by either electronic transfers (outside Canada) or cheques (inside Canada and in cities where IDRC has regional offices). To avoid delays in the receipt of project funds it is important that recipients discuss this issue with their bankers and make sure the necessary details are recorded on the banking information form that is included as part of the grant agreement. The bank identifier code (BIC) is essential to allow electronic fund transfers. Any changes to your institution’s banking information must immediately be brought to the attention of the administrative contact person. A banking information form must be completed for each new project.
