# 3.6 Bank Accounts

**Source**: https://adminguide.stanford.edu/chapters/financial-administration/bank-accounts
**Parent**: https://adminguide.stanford.edu/chapters/financial-administration

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The university must comply with federal, state, and foreign regulations concerning banking activities. Failure to comply with these regulations may result in penalties, fines, or reputational damage to the university. This section governs the establishment, maintenance and closure of university domestic and foreign bank accounts.

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