Operating Policies and Procedures Manual

Effective Date:  07/01/96
Policy Number:  05-13
Section:  Finance and Administration
Subject:  Check Cashing Privileges 

POLICY

1. University employees and students may cash checks at the cashier's window.  The following restrictions apply:
   1. Checks cannot exceed $100 maximum per day.

   2. Generally, no two-party checks are accepted.

   3. Identification is required.  University ID card and driver's license are usually sufficient.

2. Check cashing privileges are withdrawn from an individual who has a check returned by a bank for any reason.  Privileges are reinstated only after the individual's accounts receivable has been cleared.

   An individual whose check is returned is notified as follows:

   1. Appropriate university officials attempt to contact the person by telephone.

   2. The individual is sent, by mail, a "Notice of  Returned Check," which outlines legal procedures/implications.

   3. A $25 charge is assessed per each returned check.

3. Check cashing privileges are withdrawn permanently from any person who has as many as three checks returned unpaid from a financial institution for any reason.

This page is maintained by Cassey Tune
Last updated on 02/09/2005