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.
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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
- Inform Cash Management of the account name change via email to email@example.com
- Custodian Fund Agreement Form
- US Bank Authorized Signature Form obtained from Cash Management and signed by the signer of the 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 (firstname.lastname@example.org) per 200.4 – Transaction Balance Account (TBA) Procedure.