For money coming into the university, wire transfers and Automated Clearing House (ACH) payments are two methods of electronic payment that can be used when individuals or organizations are paying Stanford for goods or services. Wire transfers are a same-day form of payment. ACH payments are primarily an overnight process that go through the automated clearing house before settlement into the university’s bank account.

Please note: The international SWIFT/BIC codes have changed as of July 2022. You must use the corresponding code, or the wire payment may be returned. See the Resource page for updated wiring instructions.


Review the Resource: Wiring Instructions for more information and templates to provide to the paying party. 

If the funds are to arrive by ACH, instruct the paying party to request their bank use a CCD+ or CTX type ACH format as this allows for much more remittance advice details to be included in the addenda field. Remittance advice information could include the name of the payor, purpose or other identifying details.

Staff that assist in arranging wire transfer or ACH payments to the university are responsible for ensuring that the incoming payment is properly identified and booked to the correct PTA or PFOO. When expecting incoming funds, look for and claim those funds on the Unidentified Receipts portal. For more information, please refer to the Topic Overview: Claim Unidentified Receipts.

If departments need to return ACH or wire receipts to the original sender, they should utilize the Expense Request System (ERS) to process a Non-PO Payment. 

Last Updated: Sep 26, 2022


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