Lockbox Now Available for All Sponsored Research and Institutional Loan Check Payments

Contracts and Grants Accounting (CGA) has implemented a lockbox service with Bank of America for all sponsored research and institutional loan checks.  This service requires that checks be sent directly to the bank.  Our bank will scan the checks, deposit the funds, and make the data available to the authorized employees of the Controller’s Office via an online system.  Effective immediately, send all check payments for sponsored research (including clinical trial payments), institutional loan checks (including emergency loans), and stipend refund checks to:

Post Office Remittance Address (U.S. Postal Service deliveries):

UCSF MAIN DEPOSITORY
P.O. Box 748872
Los Angeles, CA 90074-4872

Overnight Mail (courier services requiring a street address):

Bank of America Lockbox Services
Lockbox 748872
2706 Media Center Drive
Los Angeles, CA 90065-1733

All UCSF departments, including the Controller’s Office, should no longer deposit any sponsored research checks (including clinical trial payments), institutional loan checks (including emergency loans), and stipend refund checks they receive.  All UCSF departments should send any checks received to the lockbox addresses above.  Adoption of this procedure should improve customer service, increase efficiency, provide a single source of information for payments, and reduce risk of loss.

We are directly notifying sponsors, departments, students with institutional loan balances, and the Office of Sponsored Research about this change.  We greatly appreciate your cooperation and we look forward to providing improved and more efficient service as a result of this lockbox implementation.  If you have any questions, contact the Contracts and Grants Accounting Service Desk.