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| 1.) | How
do I make a University Deposit? |
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| All internal University deposits should be
accompanied by a completed deposit form.
Accompanying cash/coin should be counted, verified and be neat
in organization. Any excessive amounts of coin should be exchanged
for currency at the main PNC Bank branch on Nassau Street prior
to depositing with the Cashier’s Office. If it is necessary
to exchange coin for currency at the bank, please contact the
Cashier’s Office to make proper arrangements prior to your
arrival at the bank. All cash/coin deposits should be hand delivered
to the Cashier’s Office located at 3 New South. Deposits
containing checks only can be forwarded via campus mail.
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| 2.) | How
long will it take to see deposits on my departmental statement? |
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| Ordinarily it takes two to three days for the
full processing of cash/coin/checks from the time of drop off
to the time it will appear on your statement. Please allow up
to a week before becoming alarmed. From time to time there may
be some delay. Also, if forwarding a check deposit via campus
mail, please allow a few extra days to account for mail processing.
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| 3.) | Who
do I contact in the event my deposit has not appeared on my statement
after the normal processing time? |
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| If you have forwarded a deposit to the Cashier’s
Office and allowed for processing time, but still do not see the
deposit hit your departmental statement, please contact our office
at 609/258-3086 or e-mail us at cashier@princeton.edu.
We will certainly look into why the deposit has not been credited
to the requested account.
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| 4.) | If
I have a client or institution that would like to send funds electronically,
what information do I need to supply to them? |
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| If you have a client or institution that would
like to make an electronic transfer of funds, please contact the
Cashier’s Office at 609/258-3086 or via email at cashier@princeton.edu,
and we will gladly supply you with the necessary documentation
needed to electronically transfer funds.
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| 5.) | I
am expecting an electronic transfer, how will I know when it has
been received? |
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| When a client requests the necessary documentation
to electronically transfer funds to the University, please request
that the sending institution/sender notify you when the transfer
is initiated. At that time, please notify the Cashier’s
Office of the transfer. Please provide us with originator, dollar
amount of the transfer, project grant and account code to be credited,
along with a brief description of what the funds are for. When
the University receives the electronic funds, we will notify that
the funds have been received and are being credited to the requested
project grant.
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| 6.) | What happens when my department is receiving an electronic transfer of funds without our knowledge? | |
| The
University receives electronically transferred funds on a daily
basis. When the funds are received the University Cashier researches
each transfer, and will notify the receiving department of the transfer.
In the event the Cashier is unable to identify the receiving department
the transfer will be tagged as unidentifiable, and will be circulated
via email to all departmental financial managers on a monthly basis. |
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| 7.) | Can I deposit a check that is accidentally made payable to an individual department employee, not the University? | |
| Yes,
you can deposit a check that is made payable to an individual employee
of the University providing that individual has written ‘Pay
to the order of Princeton University's on the top of the back of
the check and endorses the check just beneath. |
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© The Trustees of Princeton University Princeton University, Princeton, New Jersey 08544 USA University Operator: 609/258-3000 Web page comments: edwardy@princeton.edu General Comments: dparks@princeton.edu |