St. Olaf College Cash Withdrawal from Student Account
Title: Cash Withdrawal from Student Account
Procedure No: STO-65
Effective Date: 09-01-2009
Issuing Authority: Student Accounts Office
Contact: Student Accounts at email@example.com, 507-786-3296 or 866-640-4702
Last Updated: 08-25-2011
Purpose of Procedures:
To ensure students who are given cash withdrawal will have a true credit on their account.
Who needs to know these Procedures:
All St. Olaf College students.
If an overpayment is made on a student's account, whether it is due to a cash payment or a financial aid disbursement, the student may withdraw up to $300 cash per day at the Business Office window.
If a student’s financial aid has not disbursed but will cover their balance and leave a credit on their account, the student may withdraw the credit amount from their account. In order to withdraw money before the aid is disbursed, the student must get a signed advance form from the Financial Aid Office. This withdrawal is also limited to $300 per day. A signed advance form is needed for every advance given on an account.
- Picture ID is required with every withdrawal.