Wildcat Debit Card Prowls Campus Areas

The Wildcat Debit Card fills the money management needs of about 4.6 million students across the country.
 

   
The Wildcat Debit Card merges the benefits of a student ID card with a Debt MasterCard's purchasing power on and off campus so students can take care of business quickly and efficiently everywhere they go. This remarkably simple banking option is offered with minimal fees and helps students develop sound financial habits.

Higher One offers two customized online financial services for the colligate industry, OneDisburse Refund Management and CashNet Payment Processing. The inspiration for the founding of Higher One was the hours spent in long lines by students waiting to get their refund checks from administrators. When a student has OneAccount the administrators can electronically deposit refunds for the student which in turn makes the funds available to the student on their Wildcat Debit Card the same day they are released by the college - without standing in any lines. The Wildcat Debit Card is issued specifically to current members of the Bethune-Cookman University but more colleges are adopting the OneAccount system all the time.

The benefits of using a Wildcat Debit Card are liberating for students. Any type of deposits can be made automatically into the OneAccount and be available through the Wildcat Debit Card immediately which also earns reward points when swipe and sign purchases are made. The need to carry cash is greatly decreased while the ability to track spending is increased. The Wildcat Debit Card OneAccount is available online whenever there is time for the student to do their banking, be it noon or midnight. Check writing, electronic statements, Higher One ATM transactions, signature debit MasterCard transactions and incoming wire transfer both domestic and international are all free. Services that incur fees are listed on the website along with instructions on how to avoid them. All banking services are provided by The Bancorp Bank which is a member of the Federal Deposit Insurance Corporation which means funds are insured up to $250,000.

Although the Wildcat Debit Card was just a concept ten years ago today it is being put to use by more and more colleges and universities across the United States. Saving vast amounts of time and money for both administrators and students at refund time was the main motivation that inspired the merge of Debt MasterCard and student ID cards but use of the Wildcat Debit Card has expanded to make life easier in many other ways as well.

Source: Credit Cards For People With Bad Credit Rating

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