Finance Updates

News, updates and information from the University of North Dakota Finance team.

In the Vault: Receiving an ACH

Question: My department expects to receive funds by an ACH; how should we let Treasury know that we are expecting these funds?

Answer: If your department is expecting an incoming ACH payment, the department is responsible for emailing UND.treasury@UND.edu. Please include the following details in the body of the email:

  • Anticipated amount of ACH payment to UND
  • Name of the sender of the ACH payment to UND
  • The chartfields (dept/fund/account) where the deposit should be posted
  • Do not include any attachments

ACH payments that arrive without this information can be tricky to identify, which unfortunately leads to funds being returned to the sender or placed in a central finance fund. Your help in providing this information is invaluable!

More information about ACH transactions is available here.

Questions? UND.treasury@UND.edu