Incoming Wire Transfers


Instructions for Incoming Wires in USD only to MIT from Outside Sources

1. Departments should make sure the following bank information is given to the company/sponsor that is wiring funds to MIT:

Name of bank
to wire funds :

State Street Bank & Trust Co.

Bank address:

State Street Bank and Trust
Lafayette Corporate Center - 2nd Floor
2 Avenue de Lafayette
Boston, MA 02111-2900

Bank's nine digit ABA routing number :

011 000 028

DDA account number :

42312967 (Pool C)

Fund number:

853B

Department at State Street
Bank & Trust Co:

Master Trust

Contact at State Street Bank & Trust Co:

Victoria Aguiar

Name of MIT Program and or MIT account number to credit:

______________________________

2. Have the company/sponsor that is wiring the money into MIT's bank account give as much information as possible to identify the incoming wire. If there is limited space, the MIT department and account number are probably the best information to use in identifying where a wire should go.

3. Notify Patricia Crosby, 617-253-2751, in Accounts Receivable, that you are expecting an incoming wire. Give the name of the party wiring the money, the amount of the wire, the MIT account number to which this money should be transferred, a contact at the department level in case of questions and the date when the wire is expected.

4. Regarding wires that have come in for which you have not received credit, call Patricia Crosby, 617-253-2751, and provide the same information as in step 3, so that she can research the unidentifiable wires and credit the appropriate account.

Instructions for sending foreign currency:

Wire transfers to be made in a foreign currency need specific instructions. Advance details are required in order for MIT to make appropriate arrangements with the bank to accept your payment. If sending funds in foreign currency, please send e-mail to Patricia Crosby, or fax to 617-258-8613 with the follwing information:

Amount of wire transfer
Specific Currency (i.e. Euros, Japanese yen, GBP etc.)
Name and address of sending bank
Date of expected transfer (exact date important for foreign currency wires)

For Gift Money Wire Instructions.