Sallie Mae is rolling out fee free ATMs on select campuses which enable student checking account customers to withdraw cash surcharge-free using their Sallie Mae Debit MasterCard.
Together with retail ATM owner Cardtronics, Sallie Mae plans to launch and give students access to more than 35,000 Allpoint Network ATMs nationwide. Use of the new technology streamlines tuition refund enabling higher education institutions to disburse refunds to students the same day and students gain near-immediate access to refunds.
Sallie Mae No Fee Student Checking accounts offer students a way to receive same day tuition refunds, in addition to providing online and mobile banking services which include bill pay, remote check deposit, ACH transfers and links to other bank accounts.
With a Sallie Mae Debit MasterCard, college students can conduct no-fee PIN and signature-based transactions wherever MasterCard is accepted.