Foreign Draft Payment
The College don't do draft payment anymore.
Policy
The College makes payments to suppliers with checks in US dollars. Certain payments are required to be made in a foreign currency draft.
The bank charges the College an additional fee for foreign drafts. Departments requesting foreign drafts will be charged the bank fee. The current fee is $5 for each foreign draft and is subject to change.
All foreign drafts must follow existing Accounts Payable policies for expenditures and payment terms.
Procedure
Request for foreign drafts should be made on the Draft Reuqest Form. The box at the bottom of the form should be checked off indicating a request for foreign draft. The foreign currency should be provided.
Forward form with supporting documentation to Wire Draft Email: Wires@wellesley.edu for processing.
Please allow 9-12 business days for processing.