Re: Check Payments Moving to ACH Payments
Dear Valued Supplier:
In our effort in “Going Green”, the CSU, Office of the Chancellor is in the process of transitioning all payments made by paper check to electronic payments. In order to ensure that your payments continue to be processed in a timely manner, please complete and submit the attached ACH Authorization Form.
The CSU, Office of the Chancellor strongly encourages the use of electronic payments via ACH as it provides both sender and receiver with the advantages of improved controls and accelerated funds availability. It reduces the payment receipt time, reduces chances for check fraud, and better cash management.
It is our goal to move to electronic payment processing as a standard. Your acceptance of our encouragement of ACH payments will allow for more timely payments received from the CSU, Office of the Chancellor.
If your routing and/or bank account number changes, please complete the ACH Authorization Form and indicate change to existing account information.
Best Regards, Accounts Payable Team
Vendor Name
Vendor No. (For AP Office Use)
Address
City
State
Zip
Vendor Contact Name/Title
Phone
Email Address for Remittance Advice (**required**)
The above named Vendor hereby authorizes the CSU, Office of the Chancellor to originate Automated Clearing House (ACH) credit entries to the Vendor's account, as indicated below, for payment/reimbursement of good and/or services.
Name on Bank Account
Name of Bank
Bank Routing Number*
Bank Account #
*Please provide the 9 digit bank routing number* The routing number from a deposit a deposit slip is invalid, if your organization has a change in bank accounts, please provide at least thirty (30) day notice.
Authorized Name/Title
