1,060: Bank Accounts Outside the University

Last Revised: May 2010

All university or university-related funds must be maintained in bank accounts approved by the Board of Regents. Bank accounts outside the university are NOT permitted for any funds relating to university or university-related activities.

No individual, department, club or professional organization may establish a bank account using any university identification number including, but not limited to, the federal employer identification number of the university, the university foundation, and the alumni association.