Lunch & Learn – March 2024 – Understanding Outgoing Wire Transfers

The FAST team hosts a series of short (30 – 45 minute) virtual presentations on topics of interest for financial administrators at all levels.

All sessions will be recorded and presented by FAST, and often in collaboration with other units. There is no registration required.

This month’s session will be held on Wednesday, March 27th (12pm – 1pm) via MS Teams, and will be presented by the F.A.S.T Team and Accounts Payable.

Topic: Understanding Outgoing Wire Transfers

This Lunch and Learn session will discuss the policy, business process and form related to outgoing foreign wire transfers.

Topics include:

• Policy governing Foreign Payments/Wire Transfers
• When are Wire Transfers a suitable method of payment?
• Eligible Currencies for Wire Transfers
• Understanding the business process for Outgoing Wire Transfers
• Wire Transfers for A/P Invoices vs. PO Invoice Receipts
• Completing the Wire Transfer Form

Click here to download and save the MS Teams invite.

To join the session directly on March 27th, click this link.

Have any ideas for topics we could cover? Take a few minutes to COMPLETE THIS SURVEY to submit your ideas for future topics.

If you have any questions, .