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

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Open an administrative bank 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

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 ( per 3012.5 Administrative Bank Account procedure.


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Financial Information Management
21 N. Park Street
Madison, WI 53715

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