Bank Account - University Funds

All funds which are the responsibility of the University should be deposited into a University bank account through the Cashiers Office or, if so approved, by direct deposit. Departments may not establish bank accounts except with the approval of MU Administrative Services (882-7254), 311 Jesse Hall. If the request is related to research subject compensation, contact Accounting Services (882-3051), 325 Jesse Hall and see 2:250.

University-Affiliated Organizations

University-affiliated organizations (clubs, sororities, fraternities, etc.) should establish their own bank accounts to handle non-University funds.

A University-affiliated group is one that is:

• Sponsored by or invited by an instructional or administrative division as a part of its educational program with the approval of the dean or the appropriate administrative officer of that division or department; or
• Sponsored by a learned, educational, professional, or scientific society for organizational or educational purposes when approved by a dean or other appropriate administrative officer.

Establishing an Account to Handle Non-University Funds - University-affiliated organizations should title the accounts in the name of the organization only using the organization's tax ID number.

• Do not use the University's tax ID number.
• Do not include the "University of Missouri" in the title of the account.