Accounts used by departments within Business Services to generally manage deposits and payables for the University. A Custodian, Reconciler, and Signer are required.
For example, UW-Madison’s main deposit bank account is considered an Administrative Bank Account.
Common tasks
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Open an administrative bank account
To open an Administrative Bank Account, follow 200.5 Administrative Bank Account procedure.
Use the following forms to open an Administrative Bank Account:
- Custodian Fund Request Form
- Custodian Fund Agreement Form
- New Bank Account Form
- Bank Account Website Access Form (US Bank SinglePoint)
- MOU for Administrative Bank Account – Custodian
- MOU for Administrative Bank Account – Signer
- MOU for Administrative Bank Account – Reconciler
US Bank Authorized Signature card obtained from Cash Management via e-mail to cstdnfnd@bussvc.wisc.edu and signed by the signer of the account.
Maintain an Administrative Bank Account
To maintain an Administrative Bank Account, follow 200.5 Administrative Bank Account procedure for the main tasks. In addition, the following tasks may need to be completed at times:
Change the name of an Administrative Bank Account
- Inform Cash Managment of the account name change via email to cstdnfnd@bussvc.wisc.edu
- Custodian Fund Agreement Form
- Update Bank Account Information
- US Bank Authorized Signature card obtained from Cash Management via e-mail to cstdnfnd@bussvc.wisc.edu and signed by the signer of the account.
Change US Bank SinglePoint access for a Custodian and/or Reconciler of an Administrative Bank Account
Close an administrative bank account
To close an administrative bank account, please contact Cash Management via the Custodian Funds e-mail address (cstdnfnd@bussvc.wisc.edu) per 200.5 Administrative Bank Account procedure.
Policies and Procedures
Memorandums of Understanding (MOUs)
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Contact
Financial Information Management
21 North Park Street, Suite 6201
Madison, WI 53715
Phone: 608-263-2450