All departmental deposits can be made at the Faculty and Staff Cash Office, located at 350 Victoria Street, Podium (POD) 66. You can also reach us by phone at 416-979-5000, ext. 2170.
We accept Canadian and U.S. currencies in the methods of cash, cheque, money order, debit, Visa, MasterCard and American Express. Please make all cheques payable to Toronto Metropolitan University.
How to make a deposit
All deposits must be accompanied by a deposit slip, available at the Faculty and Staff Cash Office, and must include the following information:
the deposit amount and full account number including the cost centre and four-digit account code
name and contact information
Additionally, when depositing U.S. funds, please use a separate deposit slip and identify the currency on the slip.
Foreign currency deposits
As the university holds Canadian and U.S. bank accounts, only cheque and cash deposits drawn from a Canadian or U.S. bank, in their respective currencies, are accepted. All other international bank drafts issued from non-Canadian banks will be reviewed on a case-by-case basis for acceptance.
All tuition fee deposits are handled by the Service Hub at 350 Victoria Street, Podium (POD) 150. For more details on how to pay fees, please see the Office of the Registrar’s Fee Payments page.
Depositing cash, cheques and money orders
If you’re working with cash, cheques or money orders, check out our tips to make sure your funds are used properly and aren’t unnecessarily stalled during the deposit process.
Ensure cheques are made payable to Toronto Metropolitan University.
Print or stamp the back of each cheque with “For deposit only to Toronto Metropolitan University” and the departmental account or invoice number.
Funds received without a corresponding deposit document number or incorrect documentation will be deposited in a suspense fund pending receipt of the necessary information.
Keep Canadian and U.S. cheques separated and use different deposit slips for each currency.
- Ensure deposit slips are properly filled, with a copy tied to the corresponding deposit bag (if you use one) and a copy kept for your own reference.
- Do not use the cash received from sales for petty cash purposes. Be sure to follow guidelines set out in the Petty Cash Funds Policy.
- Remember to check your departmental account the next day to ensure amounts deposited are correct.
For departments using deposit bags to handle cash deposits, replacement bags can be ordered for $80.00 per 100 bags from the Faculty and Staff Cash Office.
For a duration determined by TMU’s Records Retention Schedule, Financial Services keeps banking documents such as original, scanned and backup copies of deposit and petty cash receipts.
Following the required retention period, receipts are permanently destroyed. If you need a copy of a receipt that is still within its retention period, please contact your financial advisor.