Financial Services update regarding Cheque Deposits

This message is sent on behalf of Julie Ghayad, Director Systems and Transaction Services

Hello,

This is to inform you that Financial Services has resumed normal activities with respect to cheque deposits. These are being processed on a weekly basis at 3465 Durocher.

Cheques can now be forwarded via internal mail to the attention of the following Financial Services units for review and processing:

• Research Financial Management Services
• Finance Accounts Receivable
• Endowment Accounting
• Unrestricted Accounting

Prior to sending cheques to Endowment Accounting and Unrestricted Accounting, the following steps must be taken:

• Initiate H Docs (for Canadian deposits) /J Docs (for US deposits) and leave the documents “in-process”.
• Attach backup that supports/explains the nature of the deposit.
• For those departments/units that prepare their deposit slips, you should continue to do so and include the completed deposit slip with the cheques and backup.

External clients/third parties also have the option of issuing payments via EFT (ACH or wire transfer). Please contact banking [at] mcgill.ca to obtain the necessary information.

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