¹ú²úÂ鶹AV University (¹ú²úÂ鶹AV) entered into a retail banking services agreement with Wintrust Bank (Wintrust) on June 23, 2017, amended on December 13, 2022. The agreement makes available optional banking services to students and others in the ¹ú²úÂ鶹AV community. The agreement does not include services related to the disbursement of Title IV credit balance refunds to students. The relationship between the parties arising under this agreement constitutes a Tier Two Arrangement subject to regulation by the U.S. Department of Education (see 34 CFR 668.161-167 via the Federal Register on October 30, 2015).
The link to this agreement and amendment are here:
¹ú²úÂ鶹AV and Wintrust Banking Services Agreement
The regulations require ¹ú²úÂ鶹AV to disclose the major features and commonly assessed fees for the Wintrust student accounts.
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In compliance with the reporting requirements of these regulations, ¹ú²úÂ鶹AV discloses the following information for the award year ending 2023:
Total number of customers holding student banking accounts which were open at any time during the award year ending 2023 |
1,929 |
Mean student costs* |
$1.32 |
Median student costs* |
$4.98 |
*All student costs notated above were the result of account dormancy fees.
¹ú²úÂ鶹AV and Wintrust do not receive or pay any consideration, either monetary or non-monetary, under this agreement.
Note that these banking services are entirely at the option of students at ¹ú²úÂ鶹AV University. Students are NOT REQUIRED to have a bank account with Wintrust Bank to receive financial aid or any refunds from the​ university.