Finance - Commercial Services

Things You Need to Know?

• The International Operations division may be able to pay for Commercial Services outside the U.S. through MGIC.
• IO can only make payments for Commercial Services outside the U.S. through an international wire transfer. IO does not have the ability to use a credit card or other payment mechanism. A US$40 bank fee for each international wire transfer will be charged to the UMB Requesting Unit.
• IO must screen selected vendors against foreign sanctions watch lists and will not pay a vendor with a positive match.

Summary Of Requesting Unit’s Responsibilities:

1. Contact the Global Hub (globalhub@umaryland.edu) to request payment services.
2. Providing the following documents: 
   1. Invoice or link to vendor’s online registration/payment portal
   2. Documentation of the business purpose for which Commercial Service is required (e.g. conference registration confirmation, project description, letter of invitation, etc.)
   3. Payment Authorization Form 
   4. Payee Bank Details Verification Form (must be a bank account outside the U.S.) if the payment details are not already provided on vendor’s invoice or vendor’s website.
   5. Applicable IRS (Internal Revenue Service) taxpayer form (Foreign Source Statement, W8 or W9 – consult IO in each case).

Required and Sample Documents