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Deposit Accounts

We provide the option for libraries to maintain a deposit account that can be used for a variety of services, including:

  • Eresource subscriptions
  • Library products (barcodes, tattletapes, security, and more)
  • Workshops, conferences, training
  • Lost or damaged library materials

You can also track payments made from your deposit account via TravWeb, a secure online interface.

Contact Terry Beseman (besematc@umn.edu, 800-462-5348, or 612-624-0322) about establishing or replenishing your library’s deposit account.

Monthly Statements

Our Administrative and Financial Services (AFS) staff prepares monthly statements that are sent to your library’s designated contact.

These statements provide information on beginning balance, credits, deposits/invoices paid, expenses for the month, and the month-end balance. The statements are sent out around the 7th day of the month following the month in which the charges are incurred.

A negative figure in the month-end "balance on account" line indicates a shortage of funds. Our AFS staff will monitor the account and generate an invoice, or the library may request to be invoiced for a specific amount.

If you wish to change or add a billing contact for your library, contact Tim Johnson (johns216@umn.edu, 612-626-0885, 800-462-5348).

TravWeb

TravWeb is a service that enables secure online access to your library's Minitex financial account. TravWeb allows you to:

  • Review account balances
  • Open invoices and statements
  • View monthly billing details
  • View product, invoice, and payment history

It also allows you to drill down and reprint invoices and statements as needed. You can even change your library's billing contact names, addresses, phone numbers, and emails.

Library directors or financial staff members who would like access to TravWeb may contact our AFS Director Terry Beseman (612-624-0332, 800-462-5348, besematc@umn.edu) for more information.

Frequently Asked Questions

Where should I send payments?

Minitex
University of Minnesota
Wilson Library, Room 60
309 19th Avenue South
Minneapolis, MN 55455

How do I ensure that my payment is applied accurately?

  • Send your remittance to the correct address
  • Include the invoice number

This will ensure that the payment is received promptly and is applied to the correct invoice.

Our payment terms are Net 30—unless other terms are specified.

May I pay by credit card?

We accept credit card payments for conference and training session registration fees, lost book payments, and select products.

Credit card payments are not accepted for electronic resources or deposit accounts.

Do I need to pay sales tax?

Your library may (or may not) be required to pay sales tax depending upon:

  • Your library's sales tax exemption status within the State of Minnesota
  • Whether the product or service that we provide is taxable

Therefore, it is critical that you keep a current copy of your institution's tax exemption certificate on file with us.

Staff contact
Terry Beseman

Finance Director