Agency Account
Agency accounts are managed out of Business & Financial Services in the Administration building. Any recognized student organization is welcome to open an account. The beauty of an agency account is that it eliminates much of the risk that orgs often see in off-campus bank accounts. Students can deposit money into their agency account and get checks cut by next business day.
Benefits of an Agency Account
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Accounting is transparent and accessible on campusEasily transfer access to new org leaders each year
-Can require an advisor signature for deposits/withdrawals to eliminate misuse of funds
-Staff members on campus are also available to assist with the account - Easily transfer access to new org leaders each year
- Can require an advisor signature for deposits/withdrawals to eliminate misuse of fundsStaff members on campus are also available to assist with the account
- Staff members on campus are also available to assist with the account
Limitations of an Agency Account
-No debit card
-Need to plan for expenses/reimbursements ahead of time