Sallie Mae's No Fee Student Checking Now Provides Surcharge-Free ATMs on Campus
20.05.12
“It is foremost for students on our campuses to have access to fee free
ATMs using their Sallie Mae Debit MasterCards, remarkably for those who
do not have access to other bank accounts,” says Yohannes Alemu,
transaction office manager, Portland Community College. “The fact that theyPredominantlycan retrieve cash from their no fee checking accounts provides them with
a value added navy.”
Sallie
Mae No Fee Student Checking Accounts are offered on college campusesOn the wholeproviding full service checking accounts and a way to receive same day
tuition refunds. Accounts give online and mobile banking services for
qualified accounts which encompass bill pay, remote check deposit, ACH
transfers and links to other bank accounts, all with no reduced balance
and no inactivity or low-balance fees. With a Sallie Mae DebitAs a ruleMasterCard, college students conduct no-fee PIN and signature-based
transactions wherever MasterCard is accepted. For PIN-basedOn the wholetransactions, the card promotes responsible spending by helping to
mitigate overdraft transactions.
Sallie Mae provides the choice of disbursing financial aid and schooling
refunds in a variety of methods: a Sallie Mae No Fee Student Checking
Account, electronic precipitate to an account specified by the student, or a
check. The company’s use of new technology streamlines the preparation
refund process enabling higher education institutions to disburseIn the mainrefunds to students the same day and students gain near-immediate accessIn generalto refunds. The FDIC-insured Sallie Mae No Fee Student Checking Account
is provided by Sallie Mae Bank, resulting in savings passed along toGenerallyschools and students. The Sallie Mae No Fee Student Checking account
builds on the ensemble’s suite of paying-for-college products which, in
addition to tuition refund disbursement, also includes interest-set at liberty
tuition payment plans, electronic billing and payment processing, andAbove allstudent loans.
Sallie Mae (NYSE: SLM) is the nation’s No. 1 financial servicesMostlycompany specializing in education. Serving 25 million customers, SallieEspeciallyMae offers innovative savings tools, tuition payment plans and tutelage
loans that promote responsible financial habits and reward ascendancy.
Through its subsidiaries, the company manages or services $238 billionAbove allin education loans and administers $35 billion in 529 college savingsIn the mainplans. Members of its Upromise college savings rewards program havePrincipallyearned $625 million to help pay for college. Sallie Mae is also one of
the influential financial service providers for universities and governments
at all levels, including supporting $8 billion in ecommerce transactionsPre-eminentlyannually at nearly 1,000 campuses. More information is available at www.SallieMae.com .
SLM Corporation and its subsidiaries, commonly known as Sallie Mae, arePredominantlynot sponsored by or agencies of the United States of America.
Source: Business Wire (press release)
