Personal Check Cashing Policy

Purpose

This policy sets the amount limits of cashing personal checks at the Office of Student Accounts (Bursar).

Scope

University Staff, Faculty, and Students

Policy History

Effective Date:  December 6, 1993

Approval:  March 23, 2016

Policy History: 

• Approved in original form: December 6, 1993
• Approved as amended: December 11, 1995
• Approved as amended: July 24, 2000
• Approved as amended: March 23, 2016

Maintenance of Policy:  Office of Student Accounts

Policy

I. A student or an employee may cash his or her own personal check in the Cashiers' Office up to a maximum of $100 in one day. A student may cash a check from a parent up to a maximum of $300 in one day. The cashier’s office will not cash other third party checks.

II. If a check written to the University for cash or for payment of goods or services is dishonored by the bank, the Bursar will assess a service charge of $35 or 1% of the check amount, whichever is greater. In addition, future check cashing privileges may be revoked.