Payments are processed as shown below except for holidays and/or winter break. In these instances, payments will be processed on the next working business day.
ACH/Direct Deposit
Rice University’s preferred method of payment is ACH/Direct Deposit. ACH payments are processed three times a week. To set up direct deposit, please contact suppliers@rice.edu.
Checks
Check files are processed and mailed by JPMorgan Chase twice a week.
Virtual Cards
Suppliers may choose to receive payment through a single use credit card. Please email paymentinquiries@rice.edu for more information regarding this payment method.
Wire Transfers
Wire transfers in USD or a foreign currency may be necessary in some cases. This payment method requires additional processing time. Wire transfer fees will be charged to the requesting department.
Wire instructions are submitted by the Supplier via a Wire Request Form at supplier registration. To avoid delays, Suppliers should ensure that the wire payment information submitted on this form is complete. Suppliers should review the Global Wire Payment Guide to learn if additional information is required to accurately process payment to international beneficiaries.