If your DLC receives payments by check or cash on an occasional basis, VPF Accounts Receivable can help with your bank deposit.
Deposit cash at the bank

If you need to deposit cash, contact VPF Accounts Receivable for a deposit slip.

You can then make your deposit at either of these Bank of America locations serving the MIT community:

84 Massachusetts Avenue in the Stratton Student Center (Building W20)

92 Ames Street in Kendall Square

 

If you need more deposit slips, contact VPF Accounts Receivable.

Please do not send cash to VPF through campus or U.S. mail.

If any of your checks are gifts to MIT, see Process Gift Checks.

Use a Deposit Form for checks

Fill out the Check Deposit Form. Be sure to include your Cost Object and the G/L Account name.

Send to VPF Accounts Receivable

Send the completed Deposit Form, along with the checks to VPF Accounts Receivable, NE49-3000 via MIT campus mail.

Review your account

Accounts Receivable will deposit your checks within two business days of receipt. The deposit will be reflected in the Cost Object and G/L Account you designated on the Deposit Form.

Review your activity

If your DLC receives check payments on a more frequent basis, see Deposit Checks and Cash on a Regular Basis. VPF Accounts Receivable can set up an account for your area with Bank of America and provide you with deposit slips. You can then make deposits at the bank.

The Details

Deposit cash at the bank

If you need to deposit cash, contact VPF Accounts Receivable for a deposit slip.

You can then make your deposit at either of these Bank of America locations serving the MIT community:

84 Massachusetts Avenue in the Stratton Student Center (Building W20)

92 Ames Street in Kendall Square

 

If you need more deposit slips, contact VPF Accounts Receivable.

Please do not send cash to VPF through campus or U.S. mail.

If any of your checks are gifts to MIT, see Process Gift Checks.

Use a Deposit Form for checks

Fill out the Check Deposit Form. Be sure to include your Cost Object and the G/L Account name.

Send to VPF Accounts Receivable

Send the completed Deposit Form, along with the checks to VPF Accounts Receivable, NE49-3000 via MIT campus mail.

Review your account

Accounts Receivable will deposit your checks within two business days of receipt. The deposit will be reflected in the Cost Object and G/L Account you designated on the Deposit Form.

Review your activity

If your DLC receives check payments on a more frequent basis, see Deposit Checks and Cash on a Regular Basis. VPF Accounts Receivable can set up an account for your area with Bank of America and provide you with deposit slips. You can then make deposits at the bank.

Did You Know?

There are more than 100 DLCs set up to make deposits with Bank of America.
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.
/track-collect-overdue-balances
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