PNC Bank to provide banking services for Chicago university
11 March, 2011
category: Education
PNC Bank and Saint Xavier University, Chicago, have formed a new banking relationship emphasizing money management and financial education for the school’s nearly 5,000 students, faculty and staff.
As part of this arrangement, Pittsburgh-based PNC will host financial literacy workshops for students and employees at Saint Xavier campuses in Chicago and Orland Park, Ill. Topics will include basic banking, credit management, savings and investing, identity protection and home buying.
“Through this relationship with PNC, SXU is able to add financial literacy and money management tools to the resources we already provide as part of our commitment to help our students build a strong and comprehensive foundation for success,” said Saint Xavier’s chief financial officer, Ray Catania.
Students and employees will have the option to link their Cougar Card to PNC accounts, adding ATM and purchasing functionality to campus cards that are used to enter residence halls, check out library books and access meal plans.
Also available to students is Virtual Wallet Student, an online banking solution designed to help students help themselves with money management, along with mobile and text banking options.
Students can also utilize customized web sites hosted by PNC, where they are able to complete account applications and find financial and educational information,
Finally, students will receive one free incoming wire transfer per monthly statement cycle and one free courtesy overdraft fee waiver on the first non-sufficient funds incident during the 12 months after account opening.