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Payments to vendors are made according to the schedule below. The standard terms of settlement are net 30 days after the month of invoice. The preferred payment option is by Electronic Funds Transfer (EFT).

Vendors paid by cheque

Accounts Payable runs a weekly cheque run, every Thursday; however most vendors paid by cheque on normal university monthly terms of payment will be paid at the end of the month.

Once only vendors and students have weekly cheque runs that occur on Thursdays.

Vendors paid by Electronic Funds Transfer(EFT)

Vendors that are paid weekly will receive payment on Thursdays. Vendors that are paid monthly will receive payment on the last day of the month. These dates may vary depending on university cash-flow requirements.  If public holidays clash with any of the above dates, the payment will be run on the closest working day prior.