Funneling Students to Bank Fees?

March 13, 2018
  • Industry News

California State University, Sacramento, bills its OneCard as official student identification that can be used for much more.

A OneCard can be used to access campus facilities and for day-to-day financial needs, according to a Sacramento State website about the card. The website links to another site for the San Francisco-based banking giant Wells Fargo, where students can connect checking accounts at the bank to their student identification cards in order to have some bank fees waived. The site also notes that a Wells Fargo branch is “conveniently located in the Hornet Bookstore,” with bankers on-site to answer questions.

Read more at Inside Higher Ed: https://www.insidehighered.com/news/2018/03/12/durbin-scrutinizes-wells-fargos-contracts-colleges-new-data-show-how-bank-fees-hit