Wire Transfer RequestsA wire transfer is the payment method for foreign transactions. Wire transfer payments may be used for BearBuy Payment Requests or purchase order vouchers. Disbursements will execute international wire transfers when the payee indicates that payment must be in a foreign currency or made by bank transfer. Acceptable situations include individuals or vendors that specifically indicate in writing that a U.S. dollar denominated payment is not negotiable in their respective location. University affiliated bank accounts are excluded from such restrictions.
Confirmation NumberA confirmation number indicates the sending bank has initiated the transfer and does not imply that the beneficiary has received the funds. Such code numbers are internal to the processing bank and generally have no relevance to the beneficiary’s institution.
The University cannot guarantee nor indicate when a wire transfer will be credited to a beneficiary's bank account, as this is not under the University's control and is impacted by the location and correspondent relationships between the financial intermediaries through which the wires are processed.
Fees and ChargesMany recipient banks may levy a handling fee (or “landing” charge) for the administration of wire transfers. This practice varies but is common among Asian and European financial institutions. The handling fee is deducted from the wire transfer, and consequently the beneficiary’s account may not be credited with the full amount that was originally transferred.
Currently the initiation fee cost of wire transfers is not distributed to departments requesting wire transfers.
Wire Transfer Request Form and InstructionsIn your Wire Transfer Request, you may need to provide your account number in one of several formats used by many international banks; read more about these required formats.
Complete a Wire Transfer Request Form and attach appropriate documentation, such as the invoice, purchase order number, or BearBuy Payment Request Form.
Forward this documentation to:
Reporting and Monitoring Unit
Warren Hall, Room 159
2195 Hearst Ave.
Berkeley, CA 94720-1101
PRIVACY WARNING: Do NOT scan and attach the Wire Transfer Request Form, or documents containing ANY confidential information, to a Payment Request in BearBuy. See Data Privacy requirement for protecting restricted information.