In rare instances, there may be a need to open an outside bank account, other than a State Treasury bank account. All funds kept in an outside bank account are collateralized under WV State Code §12-1-4.
Outside bank accounts for WVU affiliated organizations (e.g. student organizations, etc.) are permissible with the following stipulations:
- Non-state funds are involved
- WVU’s Federal Employer Identification Number (FEIN) cannot be used on the bank account. WVU Payroll & Tax Services can assist in getting an FEIN for banking purposes only.
TO REQUEST A NEW WVU OUTSIDE BANK ACCOUNT – Contact WVU Treasury Operations at WVUTreasury@mail.wvu.edu .
TO REQUEST TO CLOSE AN OUTSIDE BANK ACCOUNT – Contact WVU Treasury Operations at WVUTreasury@mail.wvu.edu .
CHECK STOCK – All orders for WVU outside bank account check stock must be sent to WVUTreasury@mail.wvu.edu . Only WVU Treasury Operations is authorized to order check stock. All check stock must be secured.DEPOSIT TICKETS – All orders for WVU outside bank account deposit tickets must be sent to WVUTreasury@mail.wvu.edu .