Whether you are paying on behalf of a non-government entity, a government entity, or making a gift to MIT, you’ll find everything you need to know about wiring funds here.

Determine wire transfer type and notify recipient

MIT accepts three types of wire transfers from payees/donors—non-government wires, government wires, and gift wires. To transfer money to MIT, follow the specific instructions below for the type of wire transfer you wish to make.

Before you make a wire transfer, you must notify the receiving MIT department or office to ensure that MIT’s bank properly credits the payment.

Departments should notify VPF when expecting incoming wire transfers by email to wire-transfers@mit.edu. Provide the name of the party sending the wire, the dollar amount, the related cost object, expected date of arrival, and a department contact person.

Make a wire transfer on behalf of a non-government entity

If you are making a transfer payment on behalf of a non-government entity, include the following recipient information to ensure the payment is properly credited:

  • Bank name—Bank of America, NA
  • Bank address—100 Federal Street, Boston, MA 02110
  • Wire payment ABA routing number—026 009 593
  • ACH ABA routing number—011 000 138
  • SWIFT code—BOFAUS3N
  • DDA account number—004632424694 (“MIT incoming wire”)
  • Wire details—name of MIT program and invoice number or account number to which the transfer should be credited
Make a wire transfer on behalf of a government entity

If you are making a transfer payment on behalf of a government entity, include the following recipient information to ensure the payment is properly credited:

  • Bank name—Bank of America, NA
  • Bank address—100 Federal Street, Boston, MA 02110
  • Wire payment ABA routing number—026 009 593
  • ACH ABA routing number—011 000 138
  • SWIFT code—BOFAUS3N
  • DDA account number—000500376603 (“MIT campus master”)
  • Wire details—name of MIT program and invoice number or account number to which the transfer should be credited
Making gifts by wire transfer

If you are making a gift in U.S. dollars or foreign currency, include the following recipient information to ensure the payment is properly credited:

  • Bank name—Bank of America, NA
  • Bank address—100 Federal Street, Boston, MA 02110
  • Wire payment ABA routing number—026 009 593
  • ACH ABA routing number—011 000 138
  • SWIFT code—BOFAUS3N
  • DDA account number—004622832542 (“MIT RSO gift receipts”)
  • Wire details—name of MIT program and invoice number or account number to which the transfer should be credited

Send all related gift information to the Office of the Recording Secretary with the following information:

  • donor name
  • amount of wire transfer
  • currency type, if not U.S. dollars
  • purpose of gift/gift designation
  • name/location of sending bank
  • anticipated date of transfer

MIT Office of the Recording Secretary

600 Memorial Drive
Building W98-300
Cambridge, MA 02139

bankwire@mit.edu

Phone: 617-253-5048

Fax: 617-258-8316

recsec@mit.edu

 

The Details

Determine wire transfer type and notify recipient

MIT accepts three types of wire transfers from payees/donors—non-government wires, government wires, and gift wires. To transfer money to MIT, follow the specific instructions below for the type of wire transfer you wish to make.

Before you make a wire transfer, you must notify the receiving MIT department or office to ensure that MIT’s bank properly credits the payment.

Departments should notify VPF when expecting incoming wire transfers by email to wire-transfers@mit.edu. Provide the name of the party sending the wire, the dollar amount, the related cost object, expected date of arrival, and a department contact person.

Make a wire transfer on behalf of a non-government entity

If you are making a transfer payment on behalf of a non-government entity, include the following recipient information to ensure the payment is properly credited:

  • Bank name—Bank of America, NA
  • Bank address—100 Federal Street, Boston, MA 02110
  • Wire payment ABA routing number—026 009 593
  • ACH ABA routing number—011 000 138
  • SWIFT code—BOFAUS3N
  • DDA account number—004632424694 (“MIT incoming wire”)
  • Wire details—name of MIT program and invoice number or account number to which the transfer should be credited
Make a wire transfer on behalf of a government entity

If you are making a transfer payment on behalf of a government entity, include the following recipient information to ensure the payment is properly credited:

  • Bank name—Bank of America, NA
  • Bank address—100 Federal Street, Boston, MA 02110
  • Wire payment ABA routing number—026 009 593
  • ACH ABA routing number—011 000 138
  • SWIFT code—BOFAUS3N
  • DDA account number—000500376603 (“MIT campus master”)
  • Wire details—name of MIT program and invoice number or account number to which the transfer should be credited
Making gifts by wire transfer

If you are making a gift in U.S. dollars or foreign currency, include the following recipient information to ensure the payment is properly credited:

  • Bank name—Bank of America, NA
  • Bank address—100 Federal Street, Boston, MA 02110
  • Wire payment ABA routing number—026 009 593
  • ACH ABA routing number—011 000 138
  • SWIFT code—BOFAUS3N
  • DDA account number—004622832542 (“MIT RSO gift receipts”)
  • Wire details—name of MIT program and invoice number or account number to which the transfer should be credited

Send all related gift information to the Office of the Recording Secretary with the following information:

  • donor name
  • amount of wire transfer
  • currency type, if not U.S. dollars
  • purpose of gift/gift designation
  • name/location of sending bank
  • anticipated date of transfer

MIT Office of the Recording Secretary

600 Memorial Drive
Building W98-300
Cambridge, MA 02139

bankwire@mit.edu

Phone: 617-253-5048

Fax: 617-258-8316

recsec@mit.edu

 

Did You Know?

VPF Accounts Receivable (AR) generates monthly aging reports to identify invoices that are overdue for payment and initiates collection activities for bills that are more than 60 days late.
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