Safety of Funds
The receiver of a cash loan is in charge of the protection regarding the funds. (See Executive Policy handbook EP6 regarding duties for handling dangers to University funds.)
Whenever practical, recipients of money improvements ought to obtain checks that are travelerвЂ™s. WSU or the sponsor that is award the lender costs.
Big payday loans should really be deposited in a bank close to the project location. (See BPPM 30.65.)
A duplicate regarding the bank declaration is turned in utilizing the regular receipts or from the last accounting date.
Out-of-state and accounts that are foreign Follow procedures for out-of-state and international records in BPPM 30.65. International banking laws should always be examined. In certain nations, one person cannot write checks on a free account founded by another, and even though they have been both focusing on the exact same task.
The approval procedures in BPPM 30.65 must be followed if the bank account is established in the name of Washington State University or in the name of a University department https://paydayloanstexas.org/cities/elgin/.