July 2008Your Partner for Successful Solutions 1 UTSA Is Changing Banks! Effective 08/01/08, UTSA...

July 2008 Your Partner for Successful Solutions 1

UTSA Is Changing Banks!UTSA Is Changing Banks!

•Effective 08/01/08, UTSA will change from Bank of America

to JPMorgan Chase for our institutional banking needs

July 2008 Your Partner for Successful Solutions 2

What to Expect?What to Expect?

• Payroll checks will be drawn on Chase bank account

• Direct deposits will transfer from Chase

• No need to make any changes on your Direct Deposit information

July 2008 Your Partner for Successful Solutions 3

Outstanding Checks?Outstanding Checks?

• Please deposit any BOA checks you may have not yet cashed to avoid any returns due to the closing of our BOA account.

July 2008 Your Partner for Successful Solutions 4

Remote DepositRemote Deposit

• All checks, except for corporate, will be converted to electronic format prior to deposit at Chase.

• Will result in faster turn-around both for credit at the bank and our notification of non-sufficient funds.

July 2008 Your Partner for Successful Solutions 5

Department DepositsDepartment Deposits

• Contact Mary Ann Shaughnessy at xx4235 (Fiscal Services – JPL) to request new endorsement stamp if you deposit checks

July 2008 Your Partner for Successful Solutions 6

How Can You Help?How Can You Help?

• Advise students, 3rd parties, or granting agencies who remit funds via ACH or Wire Transfer that our bank account is changing.

• Contact Gary Lott, xx4221 to receive new banking account/routing numbers