Electronic Funds Transfers

To minimize cash handling, use electronic funds transfers whenever possible for all non-point-of-sales and non-point-of-service payments to the University. Electronic payment via wire transfers and automated clearing house (ACH), also known as direct deposit, can be used when people or organizations pay your department for goods or services.

  • International Payments: If you are accepting a transfer from outside of the United States, international wire transfers are the preferred payment method. 

  • Transfers from Domestic Banks: Please encourage your sender to use an ACH payment. This is less costly for both the sending institution and the University.

For Senders

If a vendor requests payment instructions for electronic transfers, contact Cash and Investment Services. We will provide access to our wire transfer and ACH instructions, which include the University’s bank account and routing number. For either electronic transfer method, please request that the sender include at least one of the following in the reference field of the transfer:

  • The department receiving the funds;

  • A Princeton University contact (the person responsible for the transaction); or

  • The internal project grant and account code to be credited.

For Recipients

Upon receiving confirmation that an electronic transfer has been initiated by a sending institution, please contact Cash and Investment Services and provide the following details:

  • Name of the originator

  • Dollar amount of the transfer

  • Project grant and account code to be credited

  • Intended purpose for the payment

When the University receives the funds, we will contact you to let you know the funds have been received and are being credited.

Unexpected Funds

Occasionally, the University receives unexpected funds. If we are unable to identify the intended receiving department, the transfer will be deemed unidentifiable. A listing of unidentified receipts is circulated monthly via email to all departmental financial managers.