The actual name of the individual or entity on the bank account. All official Indiana University accounts at financial institutions are named “Trustees of Indiana University”.

A banking service for business customers that provides a finely detailed statement of all activity related to the account. An earnings credit is typically offered to offset the monthly fees on the acc [..]

A domestic electronic funds transfer system.

The individual or entity receiving the funds transfer.

A financial institution that regularly performs services for other banks.

A three letter code representing the currency of a particular country. Currency Code List

The bank that accepts incoming paper or electronic funds and credits it to a beneficiary bank account.

A transaction method that allows a customer to authorize one bank to wire in funds from a second bank. Use of drawdowns centralizes transaction decisions and cash flow to a single bank.

The bank on which the electronic transfer is drawn, the payor's bank.

A drop box is similar to a bank night depository box. Items placed in the drop box will be retrieved by the department and then be mailed to a designated Indiana University lockbox operation or accoun [..]