Opening and Closing Bank Accounts

Request & Approval

 

In accordance with the University’s by-laws, bank accounts may only be opened and closed by the authorization of the University’s Trustees.  This authorization has been formally delegated to the Executive Vice President of Finance and to the Treasurer. Accordingly, Columbia University Departments may not establish a University bank account without first obtaining written approval from the EVP of Finance or Treasurer.  This condition applies to all University bank accounts as defined above, regardless of how the accounts are named, and whether or not the account uses the Columbia University name or the name of any school, department, center, institute, program, affiliate, or the name of any other entity or person.