Direct Deposit for Existing Vendors Form - Texas Tech University - depts ttu 2025

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With vendor direct deposits, you can create a NACHA compliant file that can be uploaded to your bank for automated payment processing. The vendor direct deposit payment option also includes the option to print file copies.
Vendor Deposits means all deposits and pre-payments made by either Seller to vendors as advance payments with respect to services or merchandise to be received.
Direct vendor payments in EBMS are electronic payments made through the Automated Clearing House (ACH) network, a secure system for clearing electronic payments between banks. Managed by NACHA (formerly the National Automated Clearing House Association), the network is much quicker than paper checks.
To set up Direct Deposit: Step 1: Log into your Raiderlink portal. Step 2: Select My Direct Deposit from the Student Business Services menu in the Registration and Financials section. Instructions can be viewed on the SBS webpage.
Vendor payment can be defined as the final step in the procure-to-pay cycle of any organisation. It is essentially the act of paying external suppliers or vendors to purchase goods, services, or both.

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Phone. The main phone number to the university is (806) 742-2011.

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