Administrative Bank Accounts

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

Open an administrative bank account

To open an Administrative Bank Account, follow 3012.5 Administrative Bank Account procedure.

Use the following forms to open an Administrative Bank Account:

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 3012.5 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 (Word Doc)
US Bank Authorized Signature card obtained from Cash Management via email 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

Bank Account Website Access Form (Excel Doc)

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 3012.5 Administrative Bank Account procedure.