Depositing Funds


Scope: Governs the accepted payment methods and processes to support all receipts of Indiana University (“IU”), including those approved as Revenue Producing Activities (“RPA”).

All incoming funds over $500 should be deposited within one day of receipt or weekly regardless of the amount. The daily deposit amount for coins and currency may be increased for some departments to meet operational efficiency needs only with explicit permission from Treasury.

Funds not deposited should be kept in a secure locked device.

Contact IU Foundation for funds deposited in an IU Foundation account. Use the Accountable Mail system when sending funds to the Bursar or the IU Foundation.