Request and 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, in the U.S. and other countries, including those held by related entities.