In very isolated circumstances, primarily when an employee is traveling outside the U.S. for an extended period of time, and only with the authorization of an Executive Officer, Dean or Vice President, the ATM option of the corporate card may be activated to allow an employee to withdraw cash to pay for business expenses. In order to activate the ATM access, the Executive Officer, Dean or Vice President must email the Procurement/Travel Card Manager with the request. The request must include the following information:
ATM transactions will result in an interest charge on the employee's corporate card bill. The employee is responsible for paying for ATM withdrawal transactions within the bank's payment cycle, just as is required for credit transactions. It is also the employee's responsibility to provide appropriate documentation with their Travel & Entertainment Expense Voucher to substantiate the business nature of the withdrawals. Failure to comply with the payment terms or expense substantiation will result in the loss of the ATM and/or other use of the corporate credit card.
