The Treasury Operations department reviews the daily transactions of the university's bank accounts and ensures appropriate liquidity and performance of the working capital portfolio.
The department facilitates wire transfers and ACH payments on behalf of various university constituents. Treasury Operations also works on various projects to ensure the efficiency and effectiveness of cash policies.
- All departmental deposits must now be made at the Capital One branch on campus, located in the Butler Pavilion Tunnel.
- See the departmental deposit procedures.
- All departmental deposits require both a bank deposit form and a department deposit form.
- Get a copy of the departmental deposit form (myAU).
- For bank deposit forms please contact your school's business office or Andrea Dukes, email@example.com or 202-885-3588
- If your department has a significant volume of checks, please reach out to firstname.lastname@example.org regarding the possibility of a remote deposit machine.
Electronic Funds Transfer
The Treasury Operations department executes all of the university's outgoing wire transfers. All wires must first be submitted to the Accounts Payable department for approval and processing before Treasury Operations will execute the transfer. Wires must be received from Accounts Payable or Payroll by 10 a.m. to be made the same day. Any wires received after 10 a.m. will be processed on the next business day.
A wire transfer is a method of electronic funds transfer from one person or institution to another. It is the most expensive form of electronic funds transfer, and thus should only be used when no other methods are possible.
It is essential that you provide us with all of the following information:
- Beneficiary’s name
- Beneficiary’s account number
- Name of beneficiary’s bank
- Beneficiary’s bank ABA number
- Address of the beneficiary’s bank
- Type of currency
- Amount of the wire
- Brief description of the wire
- AU budget account number
- Originating department name and contact number
Please note that for international wires, a SWIFT Code and an IBAN (for European Union countries) are required. If any of the essential information above is missing, we cannot send the wire.
An ABA routing number is a nine-digit numeric code that identifies the bank and location of where the wire must be sent. Please use the ABA code denoted by the bank that is specific to wire transfers.
Domestic outgoing wire transfers are delivered to the beneficiary's bank by the next business day.
A swift code is an eight- to eleven-digit code containing letters and numbers that uniquely identify a beneficiary’s bank. Swift codes are only necessary if you send an international wire.
IBAN stands for International Bank Account Number. This is a standardized code that allows for the identification of foreign accounts across countries. For European Union nations the IBAN may be as long as 27 characters; outside the European Union, the IBAN code can be as long as 34 characters. All IBANs start with two letters. Please contact the beneficiary of the wire to determine the correct IBAN code.
The time it takes for an international wire transfer to be received varies depending on many factors, including location and OFAC banking regulations.
A returned wire transfer normally is the result of incorrect bank or account information. We normally are notified if the bank cannot process the wire within a short period of time after it was sent. We will work with you identify the correct banking information to ensure that the wire is processed in a timely manner.
For more information regarding countries with restrictions, please visit the Office of Foreign Assets Control (OFAC).
University and Bank Holidays
|University & Bank Holidays||American University||Federal Reserve||Capital One|
|New Year's Day||Closed||Closed||Closed|
|Martin Luther King, Jr. Day||Closed||Closed||Closed|
|Friday after Thanksgiving||Closed||Open||Open|
|All business days between Dec. 26-31||Closed||Open||Open|