Clemson University accepts deposits of foreign checks for many countries. Foreign checks are credited to your account in a matter of days. Make sure the foreign check has micro encoding on the bottom of the check. With the micro encoding missing from the item and with no U.S affiliated bank identified it means that it may be a Foreign Draft and not a check. You can accept a foreign draft, but you must contact Cash and Treasury Services to negotiate the draft. The draft will be taken to our Banking Institution to be sent for collection. Collection will take 4 to 6 weeks. It is important to note that due to a $35 or higher processing fee, the bank will not accept a foreign item for collection with a face value of less than $100.
If you have any questions please contact Cathy Freeman with Cash and Treasury Services at 864-656-0530 or by email, email@example.com.
Departments must be authorized to receive payments on behalf of Clemson University. Approved departments are responsible for ensuring adequate internal controls are in place and secure the collection and proper receipt of monies.
If you would like to accept payments on behalf of Clemson University, please submit a Request to Receive/Receipt Funds Form to Cash and Treasury Services.
Bank accounts used to conduct University business are approved by the Chief Financial Officer. The Board of Trustees authorized the Chief Financial Officer to approve the process of opening an account and depositing University Funds in a commercial bank and any other financial organization or to establish a petty cash fund. No other organizational unit, department or administrative office has the authority to open an account and deposit University funds in a commercial bank and any other financial organization, or to establish a petty cash fund except when specifically authorized, in writing, by the Chief Financial Officer.
If you have questions regarding any aspect of our financial process or procedures, please do not hesitate to call 864-656-0530 or email firstname.lastname@example.org.
For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday; however, the Board of Governors will be closed. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday.
New Year's Day
Birthday of Martin Luther King, Jr.
Keep up to date on changes to US currency. Know what to look for when accepting U.S currency.
Deposit slips will be paid for by Cash and Treasury Services provided they are ordered through our department and not ordered as a RUSH.
If you need to order deposit slips, please submit a Deposit Slip Order Form to Cash and Treasury Services.
If you have any questions please contact Cathy Freeman with Cash and Treasury Services, at 864-656-0530 or by email email@example.com.
Approved endorsement stamps, at a minimum, must include all of the following:
Please contact Cathy Freeman with Cash and Treasury Services at 864-656-0530 or by email, firstname.lastname@example.org to get Bank information before ordering your stamp.
Bank of America - www.bankofamerica.com/
BB& T - www.bbt.com/
First Citizens Bank - https://www.firstcitizens.com/
Park Sterling Bank - www.parksterlingbank.com
PNC Bank - www.pnc.com
SC State Credit Union - www.scscu.com/
SunTrust Bank - www.suntrust.com/
Wells Fargo Bank - https://www.wellsfargo.com/
Returned Check: All returned checks are processed by the bank twice before deemed insufficient. All returned checks are initially returned by the bank to the office of Cash and Treasury Services. Upon receipt of a returned check, the Office of Cash and Treasury Services will determine the depositing unit or account which accepted the check. The charge for a returned check is $30.00. The University will charge a returned check fee for each returned check. Returned checks must be paid by cash, money order, or cashier’s check.
Returned eCheck: All returned eChecks are initially returned by the bank to the office of Cash and Treasury Services. Upon receipt of a returned eCheck, the Office of Cash and Treasury Services will determine the depositing unit or account which accepted the eCheck. The charge for a returned eCheck is $30.00. The University will charge a returned eCheck fee for each returned eCheck. Returned eChecks must be paid by cash, money order, or cashier’s check.
Please note that this account is designated for incoming money only. No attempts to debit the account will be honored.
Whether you are sending money to Clemson University via Wire transfer and/or EFT please contact the Accounts Receivable area within Cash and Treasury Services before sending funds to Clemson University.
Accounts_receivableemail@example.com or 864-656-5604
Any questions regarding the claiming of funds should be directed to Accounts Receivable.
Note: If a duplicate wire transfer and/or EFT payment is received by Accounts Receivable it will be the department’s responsibility to return the funds to the originator of the wire transfer and/or EFT payment.
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