Invoices and ACH/Wire Payments

Created by Adrian Miu, Modified on Thu, 4 Jan, 2024 at 3:01 PM by Adrian Miu

Rent and use services invoices are generally sent on the first of the month, with the latest being the 5th of the month.
Payment is due within 10 business days of the invoices being received. The lease agreement states that payments are due within 10 days (not business days) but Bakar Labs' policy is to provide more time to account for processing and transfer time.
- Example: If an invoice arrived in your inbox on Jan 5, 2024, payment should be received by Jan 19, 2024.
- If you do not receive an invoice, please notify nonstu_ar@berkeley.edu and adrianmiu@berkeley.edu immediately to avoid late fees.
- If payment is not received and there has been no communication from your accounting teams, a 5% late charge will be automatically added to the next month's invoice, per the lease agreement.
Two invoices are sent, one is for services: these charges include use fees like membership/core access, conference room usage, equipment usage, cold storage, etc. The other is for the spaces that are leased (example attached to this article).
- Rent is payed in advance.
- Service fees are payed in arrears.
We accept ACH/wire transfers or checks. We highly prefer ACH/wire payments.
For checks, please have them mailed to 2625 Durant Ave, Berkeley, CA 94720 or hand them to your Business Operations contact.
IMPORTANT: When you send your payment, you must include your customer number and the invoice number in the reference notes of your payment (see red boxes in the below images showing where you can find these numbers on the invoices).

ACH/WIRE Instructions:

Bank: Bank of America, N.A.

Bank Account Number: 01753-80001

Name on Bank Account: University of California Berkeley, A Regents of the University of California Affiliate

Routing / Transit (ABA) Number: 0260-0959-3 (for wire transfers only) 121000358 (for ACH only)

CHIPS: 0959

SWIFT: BOFAUS3N

Physical Address for Routing: 150 N College Street, NC1-028-17-06, Charlotte, NC 28255

Bank Address: 1655 Grant Street, Concord, CA 94520 USA

Organization: Your Name and Organization

Reference: Your customer number and your invoice number

Amount: Amount to wire; our bank and intermediary banks may deduct a processing fee

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Example Invoice.pdf
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Invoices and ACH/Wire Payments

Rent and use services invoices are generally sent on the first of the month, with the latest being the 5th of the month.

Payment is due within 10 business days of the invoices being received. The lease agreement states that payments are due within 10 days (not business days) but Bakar Labs' policy is to provide more time to account for processing and transfer time.

Example: If an invoice arrived in your inbox on Jan 5, 2024, payment should be received by Jan 19, 2024.

If you do not receive an invoice, please notify nonstu_ar@berkeley.edu and adrianmiu@berkeley.edu immediately to avoid late fees.

If payment is not received and there has been no communication from your accounting teams, a 5% late charge will be automatically added to the next month's invoice, per the lease agreement.

Two invoices are sent, one is for services: these charges include use fees like membership/core access, conference room usage, equipment usage, cold storage, etc. The other is for the spaces that are leased (example attached to this article).

Rent is payed in advance.

Service fees are payed in arrears.

We accept ACH/wire transfers or checks. We highly prefer ACH/wire payments.

For checks, please have them mailed to 2625 Durant Ave, Berkeley, CA 94720 or hand them to your Business Operations contact.

IMPORTANT: When you send your payment, you must include your customer number and the invoice number in the reference notes of your payment (see red boxes in the below images showing where you can find these numbers on the invoices).

ACH/WIRE Instructions:

Bank: Bank of America, N.A.

Bank Account Number: 01753-80001

Name on Bank Account: University of California Berkeley, A Regents of the University of California Affiliate

Routing / Transit (ABA) Number: 0260-0959-3 (for wire transfers only) 121000358 (for ACH only)

CHIPS: 0959

SWIFT: BOFAUS3N

Physical Address for Routing: 150 N College Street, NC1-028-17-06, Charlotte, NC 28255

Bank Address: 1655 Grant Street, Concord, CA 94520 USA

Organization: Your Name and Organization

Reference: Your customer number and your invoice number

Amount: Amount to wire; our bank and intermediary banks may deduct a processing fee