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University Selects BB&T as New Banking Partner

We are pleased to announce that the University has selected BB&T as its new banking partner for operational bank accounts. As the 12th largest bank in the U.S. and a trusted community partner, we look forward to working with BB&T to deliver high-quality banking services to the campus community. The transition from our current banking partner, Wells Fargo, to BB&T is scheduled for March 11, 2014. Until that time, there will be no interruption or change in the services provided by Wells Fargo. Wells Fargo will continue to serve the campus community by providing other services, including their branch location in the Benson Center and an ATM located next to Subway. BB&T’s branch, located at 2815 Reynolda Road, will serve the Wake Forest community along with an ATM located in the Benson Center.

This banking change will be seamless to the campus community, except for those individuals who have collection and deposit responsibilities. To assist you further in understanding the impact of this change, please refer to the frequently asked questions (FAQs). Deposit procedures will be provided in the coming weeks and a training session on those procedures will be presented at the Business Administrators Forum meeting on January 27, 2014 from 2:00-3:30 p.m. in Benson 401D. You do not have to be a member of this group to attend. Also, as provided in the transition FAQs, any individual with deposit responsibilities is required to attend the Workplace Safety While Transporting Deposits training, offered by University Police through the Professional Development Center on January 29, 2014 from 2:00-3:00 p.m., or February 3, 2014 from 11:00-12:00 p.m.

Thank you in advance for your assistance with this transition. Should you have further questions, please feel free to contact Carol Burns, Associate Controller, at burnsce@wfu.edu, or Jennifer Killingsworth, Assistant Director of General Accounting, at killinjl@wfu.edu.

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