Foreign Currency Wire Transfers Under $100 Cannot be Processed

When Rice University pays a foreign wire transfer, P2P must first purchase the foreign currency. Due to banking regulations, we are not permitted to purchase less than $100 USD in the foreign currency.

If you are paying a supplier in foreign currency via wire transfer under $100, the payment will be placed on hold until additional payments are to be issued, making the total $100 or more.

If you have any questions or concerns, please submit a Service Request in iO for P2P.