Welcome to the May 2022 University Bursar Monthly Bulletin. This month will focus on Returned Check Handling.
Spotlight on Receivables: Returned Check Handling
Does your unit receive and deposit checks? University Bursar has a delegated agent form for approved cash handling units to complete regarding handling of receivables from checks returned as unpaid by the system's banks. Regardless of return reason, the process to handle the returns starts with University Bursar.
Once submitted, your form will be entered into our Returned Checks database, where it will be sent out annually for updates to ensure the latest information for your department.
Follow these three steps to submit the new form initially:
- Go to LMS and complete the Returned Checks Delegated Agent Job Aid
- Complete Returned Checks contact form and DocuSign the form.
- Obtain approval from Returned checks. You will receive an email from bursarreturnedchecks@uillinois.edu saying your department is approved.
Unsure if you are an approved cash handling unit? Please contact University Bursar Cashier Operations by selecting your university. You can also view the University of Illinois System's Cash Handling Policy.
To learn more about the delegated agent election form, policies, and options, see 10.4.2 Handle Returned Checks or email Bursar Returned Checks at: bursarreturnedchecks@uillinois.edu
