Deposit Revenue and Cash

In order to make a deposit at UB Foundation (UBF), you must have a UBF account.

Anyone can make a deposit. However, you must have signatory control to process a disbursement.

Deposits can be received via campus mail, U.S. mail or hand delivered to our office. Any cash must be hand delivered to our office for a signed receipt.

• Checks should be made payable to UB Foundation (UBF) or an account name.

• If a check is made payable to another UB entity, we will send it to that UB entity for endorsement.

• Payments greater than $150 are sent for collection. It can take 4 - 6 weeks to collect the funds. These funds are not deposited until collected. Due to increasing collection fees, it is recommended that payments from foreign countries are made with a credit card or by wire transfer.
• Acceptable foreign checks for deposit must be drawn on a U.S. bank and have routing and account numbers along the bottom of the check. This type of check can be for any amount.

• If a bank returns your deposited check, we will return it to you with supporting documentation as soon as the bank notifies UBF. A $10.50 bank-imposed charge will be reflected for each bounced check.

Certain transactions are considered repayments of expenditures, including reimbursements paid to UB Foundation (UBF) from the original vendor. Examples of reimbursement may include:

• Refunds for returned or non-delivered merchandise or non-performance of services
• Refunds of deposits
• Refunds for unused postage
• Refunds for cancellations
• Refunds for duplicate payments
• Payments of previously charged-off loans

• The funds are available at the time you make the deposit. Notify your accounts payable clerk that you made a recent deposit.