Business Office

BANKING

The University has partnered with Bank of America and the Bank of Newport to provide an on campus banking solution. Bank of America provides the parents/students a global banking solution while Bank of Newport provides the local “hometown” alternative. As part of this agreement, an ATM will be located in Miley Hall (Bank of America) in the lobby outside the cafeteria and on the lower level of Wakehurst Student Center (Bank of Newport). The following features will be offered to all full time undergraduate students:

Completely free checking for all full time undergraduate students for five years (except for check printing)
- No minimum balance
- Unlimited check writing
Free Savings Account
Free ATM Debit Card
Free on line Banking
Ease of Access from all Bank of America branches
Students no longer have to pay ATM fees or cash checks at local branches
Parents have wider access to transfer funds to student accounts if needed
Portability of account upon graduation

As part of this new program starting in Fall 2005, all work-study payments will be electronically deposited into this account. If you are a work-study student, you will now have instant access to your funds here on campus on payday. You will longer have to go to the nearest bank branch to cash your check. You will have access to you funds without limitation in addition to the above features. Please note that it is not necessary to be a work-study student to join.

In order to establish your account for the fall semester, please read the attached instruction form and complete the bank account application. Once completed, please bring the application with you upon your return in the fall. You will need to see a bank representative at the Career Development Office (available hours will be posted in September) or at the Newport Branch to validate your forms of identification and process the application. You will receive an information packet as well as your new debit card soon thereafter.

Direct Deposit of Work Study Checks (Bank Account or Tuition Account)

Students at Salve Regina University may receive a university work-study award. If a student works on campus in the work-study program, the wages earned will be directly deposited in to a bank account specified by the student. This direct deposit will save the students trips to the bank and will allow quicker access to the funds.
Direct Deposit Election Form [html | pdf]

The student may also elect to pay tuition charges with the work-study wages. Either option is available by contacting the payroll office located on the mezzanine of Ochre Court.
Direct Deposit Student Tuition Form [html | pdf]