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Kent State University Partners with PNC to Provide Banking Services to Students and Employees

Strategic Insights

— 1 min read

Kent State University has selected The PNC Financial Services Group Inc. to provide banking services to its students and employees in Kent, Ohio. Effective July 1, 2015, PNC will offer a range of services, including student and workplace banking, financial literacy programs, and treasury management. The 12-year agreement will benefit over 48,000 students, faculty, and staff members, and demonstrate the university's commitment to supporting the financial well-being of its community.

Key Takeaways:

  • The partnership between Kent State University and PNC will last for 12 years, providing students and employees with access to banking services, financial literacy programs, and treasury management support.
  • PNC will establish a bank branch on the Kent Campus, staffed by two bank specialists, to assist customers with transactions and provide education on PNC products and services.
  • Eleven ATMs will be located throughout the university's eight-campus system, with six on the Kent Campus, two DepositEasySM ATMs, and one ATM on each Regional Campus.
  • Virtual Wallet Student accounts will be available to Kent State students, equipped with technology to help students monitor spending, view account balances, and safeguard against financial mistakes.
  • A co-branded website will be hosted by PNC, where students can complete account applications, manage their finances, and access financial and educational information.
  • On-site workshops on personal financial management and financial literacy will be offered to students, covering topics such as basic banking, credit management, savings, and identity protection.

Statistics:

  • The university requires a banking service provider to support its daily business operations, including treasury management, credit card merchant services, and retail-university banking.
  • The partnership will benefit over 48,000 students, faculty, and staff members.
  • PNC will provide services to more than 400 schools across 19 states and the District of Columbia.

Sources:

  • Kent State University - "PNC Bank to Provide Banking Services to Kent State University Students and Employees"
  • The PNC Financial Services Group Inc. - "PNC Bank to Provide Banking Services to Kent State University"

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