Wire or ACH Transfers

Bank transfers may be used to deposit money with the USM Foundation. It is necessary to request bank transfer instructions prior to each transfer as the type of transfer, country of origin, and type of account to which the money will be credited can affect the transfer instructions that should be sent to the payee. Also, the Business Office must make a determination, prior to the transfer, that we can accept the funds being transferred. Failure to notify the Business Office in advance could result in the funds being returned to the sender.

An In-bound Bank Transfer Notification form should be completed and submitted prior to the transfer of funds. The information needed to complete the form is:

  • Submitter Name
  • Submitter e-mail address
  • Payer Name
  • Amount of transfer or approximate amount and currency
  • Date expected or approximate date expected
  • USM Foundation Account number and name to which the funds are to be credited
  • Explanation/purpose of transfer. If available, attach a document from the person or organization that will be transferring the funds or a copy of the invoice sent to the payer

Upon receipt of the completed form the USM Foundation will provide wiring instructions.

TRANSFERS MAY BE RETURNED IF THIS INFORMATION IS NOT RECEIVED PRIOR TO THE TRANSFER.

 

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Our Vision

Our vision is to attract broad resources that transform the USM and its institutions, create a network of advocates to embrace the USM’s role as an educator and economic engine, and to grow a long-term, sustainable culture of philanthropy across the University System of Maryland.

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