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Cash Management is responsible for banking, working capital investments, and sales of securities when gifted to the University.

No bank account in the University's (or any department's) name or using the University's tax ID may be opened without approval of the Board of Trustees. Contact the Executive Director of Treasury Operations for further information. See Establishing & Closing University Bank Accounts (E035).

All revenues must be deposited into a University bank account in a timely fashion. See Bank Deposits Timeliness (E046).

The University's long-term financial assets (endowment and other funds deemed long term) are invested in the Growth Pool, which is managed by professional managers and/or funds/partnerships. Other working capital funds are invested in accordance with the University's Short Term Investment Policy, which includes mostly traditional money market instruments.

Securities (stocks and bonds) that are gifted to the University will be sold by Development Services as detailed in Disposition of Securities Gifts (E065). Gifts of appreciated securities can have special tax benefits for donors. Please consult your tax advisor. For further information see Gifts of Securities.

Electronic Fund Transfers

For staff procedures on how to process EFT (Electronic Funds Transfer) ACH and wires please click here. Please review the Incoming Electronic Funds Transfer policy for more information.

Banking information to send the EFT is available for Students and Staff Members .

The following are the forms that need to be sent to the Cash Management department in order to process an EFT request for your department. See EFT Requests and International Drafts .

Credit Card Merchant Services

Credit Card Merchant Services information is available for departments/areas that intend to establish and/or modify an existing process which involves credit card data. To do so, departments must make sure their process is PCI compliant and follow the appropriate steps to ensure the new process is established successfully. Click here for a PCI Checklist .

Contact Us

Cash Management
Gables One Tower
1320 S Dixie Highway
Suite 1230A
Coral Gables, FL 33146
Phone: (305) 284-6789
Fax: (305) 284-5780

Hiram Sem
Executive Director, Treasury Operations
Phone: (305) 284-5237

Guiselle Guerrero
Cash Manager
Phone: (305) 284-6789