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Back to Policy Section VIII: Fiscal and Business Affairs
Section VIII: Fiscal and Business Affairs

Policy Number: VIII-1.30(A)

University of Maryland, College Park Procedures for Withdrawal of Funds From Bank Accounts


Withdrawal of Funds ($5,000 or more)

  1. The signatures of two persons are required. One signature must be the individual requesting the withdrawal, and the other signature must be the chief administrative officer for the department or unit.
  2. The signature of the chief administrative officer may not be mechanically affixed.

Withdrawal of Funds (Less than $5,000)

  1. The signature of either the individual making the request or the chief executive officer of the department or unit is required.
  2. Athletic Department withdrawals require the signature of the Comptroller or a designee and the signature of the department head