KSU’s HigherOne extended refund contract will end next year, and it is time to start deciding what vender KSU students will be using when the time comes.
SGA President Rosalyn Hedgepeth and Vice President De’Chino Duke attended Vendor Demonstrations at Macon State College with KSU Bursar Rita Adams and Director of Card Services Joe DiBattista on August 7 and 9.
Walking in, they asked themselves, on behalf of the students, “Which vendor would best benefit the students? Which vendor would have the least amount of fees that students would [be]charged? Which vendors have financial literacy programs?”
A financial literacy program involves the vendor coming to the school to put on workshops to teach students “how to manage these accounts, avoid fees, and make them work to their best interest,” said Hedgepeth.
The current options are as follows:
- HigherOne: KSU’s current vendor, charges $.50 for debit pin transactions, has an electronic funds disbursement system, and has financial literacy programs
- Touchnet: Has prepaid debt.
- Citi Bank: Students would have access to 24/7 help, has a wider range of ATMs.
- Blackboard Transact: Has financial literacy programs, students would carry discover cards, has allpoint ATMs (43,000 ATMs), charges $4.00 for transferring money out of the account, and has no insufficient funds fee.
- Wells Fargo: Has 6,200 retail stores, has ATMs on campus, has financial literacy programs, and students would have the option of opening an account with them.
- PNC Bank: Has financial literacy programs, has banks in the area, and has limited fees.
- US Bank: Has a Mobile App, has transfer capability, and has no overdraft fee.
