External Bank Accounts Procedures

For Faculty and Staff

View the most up-to-date procedures on the External Bank Accounts Procedure 3.14 (PDF).

What is an external bank account?

External bank accounts include checking, savings or investment accounts using SFA's name or taxpayer ID with any financial institution, including:

  • banks
  • credit unions
  • savings and loans
  • or investment firms.

Prior authorization is required

Before opening an external bank account, your department, program or organization must receive prior written approval from the Vice President of Finance and Administration.