PNC Bank, N.A., a member of The PNC Financial Services Group, Inc., (NYSE: PNC) announced today it will provide banking services to Marshall University students. Under this new agreement, PNC will provide student and workplace banking, as well as financial literacy programs for the school’s more than 13,000 students, faculty and staff.
“We believe the tools and services PNC provides will allow our students to stay on the right path for financial success,” said Barry A. Beckett, Director of Student Financial Systems and Bursar at Marshall University. “Their technology and commitment to financial education will be a great benefit to all of Marshall.”
Additional highlights of the agreement include:
- Four ATMs will be located at two Marshall locations, three on the main campus in Huntington and one at the Mid-Ohio Valley Center in Point Pleasant, W.Va. One of the ATMs, located in the Memorial Student Center, will be DepositEasySM, which allows students, faculty and staff to withdraw cash, including $1 bills, cash checks and deposit checks or cash, directly into their accounts.
- Virtual Wallet® Student accounts for Marshall University students. The account is equipped with technology to help students monitor spending, view account balances and to help safeguard customers from financial mistakes and unnecessary fees.
- A co-branded website, hosted by PNC, where students can complete account applications, manage their finances and find financial and educational information.
- A co-branded check card with the Marshall University logo.
- On-site workshops on personal financial management and financial literacy. Topics include basic banking, credit management, savings and investing, identity protection and home buying.
- PNC Bank will provide processing of Marshall’s new e-Refund system, which will allow a convenient way for students to receive their refunds—either by direct deposit to any bank account or by a paper check.
“Financial education is crucial to a student’s success,” said Jay Hyden, market manager for PNC Bank. “This relationship allows students to make smart and responsible banking decisions, with the tools and guidance that only PNC can provide.”
PNC has relationships with more than 400 schools across 19 states and the District of Columbia.
Since Marshall entered into this relationship with PNC Bank, Higher One will no longer provide refund services for Marshall students. For the students’ convenience, Higher One will maintain one ATM on the main campus at the Memorial Student Center until Dec. 1, 2015. All students must log on to the Marshall-PNC e-Refund Payment Portal and select their refund preference.
The PNC Financial Services Group, Inc. (www.pnc.com) is one of the United States’ largest diversified financial services organizations, providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.