Transaction Balance Accounts (TBAs)

A type of custodian fund using deposit bank accounts for tracking specific department deposits. TBA accounts are used by large campus departments that have a high volume of deposit activity.


The deposits are transferred to UW-Madison’s main deposit account at the end of each day. A Custodian and Reconciler are required.

Common tasks

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Open a target/transaction balance account (TBA)

To open a TBA account, follow 200.4 – Transaction Balance Account (TBA) Procedure

Use the following forms to open a target/transaction balance account:

Maintain a replenishable bank account

To maintain a TBA account, follow 200.4 – Transaction Balance Account (TBA) Procedure for the main tasks. In addition, the following tasks may need to be completed at times:

Change the name of a TBA account

Change US Bank SinglePoint access

Close a replenishable bank account

To close a TBA account, please contact Cash Management via the Custodian Funds e-mail address (cstdnfnd@bussvc.wisc.edu) per 200.4 – Transaction Balance Account (TBA) Procedure.

Contact

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Accounting Services
21 North Park Street, Suite 6201
Madison, WI 53715

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Phone: 608-263-2450