Frequently Asked Questions

Below is information on frequently asked questions for University Treasury.

  1. How to make a payment via electronic funds transfer?
  2. How do I obtain a Merchant ID and terminal for credit card processing?
  3. How do I open a new bank account for my location?
  4. How do I get a credit application for a new vendor completed?
  5. Am I allowed to contact our bank representatives directly?
  6. How do I order deposit slips for my location?
  7. How do I obtain deposit bags for my location?

1. How can I make a payment via EFT (Electronic Funds Transfer)?

An electronic funds transfer is the transfer of money from one account to another by using Automated Clearing House (ACH) network for domestic payments or Fedwire network for domestic and international payments. Please refer to the Bank Accounts section (Outgoing Funds section).

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2. How do I obtain a Merchant ID and terminal for credit card processing?
Please refer to the Payment Cards Acceptance section detailed information.

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3. How do I open a new bank account for my location?
Only University Treasury is authorized to open any new bank accounts for Rutgers.  A request for a new bank account should be sent to treasury@finance.rutgers.edu. The request must include the business reason, business location, (i.e. name and address), and responsible parties.

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4. How do I get a credit application for a new vendor completed?
Check with the Purchasing Department for details.

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5. Am I allowed to contact our bank representatives directly?
No, only University Treasury is allowed to contact our bank representatives.

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6. How do I order deposit slips for my location?
Contact Superior Press at (877) 851-7258. Provide them with your location number and confirm your shipping address. Once ordered, they will be shipped to you directly.

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7. How do I obtain deposit bags for my location?
Contact Superior Press at (877) 851-7258. Provide them with your location number and confirm your shipping address. There are two sizes available - cash only bag (12” x16”) and check only bag (9” x 12”). Once ordered, they will be shipped to you directly.

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