Wells Fargo Campus Card Information

The Department of Education Cash Management regulations 34 CFR 668.164(d)(4)(i)(B)(2) require institutions participating in Tier 2 banking arrangements to list and identify the major features and commonly assessed fees as well as a URL for the of each financial account offered under the arrangement.

Clemson University, through JMI Sports, has a Tier 2 arrangement with Wells Fargo in which the University has received $57,500 from Wells Fargo from July 2018 through March 2020.  The University will receive the following minimum through 2024:

$75,000 (broken down as follows)
2019-20: $15,000
2020-21: $15,000
2021-22: $15,000
2022-23: $15,000
2023-24: $15,000

Card Agreement (PDF)

Bank Account Disclosure

  

Clemson University & Wells Fargo Campus Card Agreement

For the Award Year Period of July 1, 2020 - June 30, 2021

Total number of student customers with linked accounts 444
Annual mean linked account costs incurred $ 6.73
Annual median linked account costs incurred $ 0
Total consideration received by Clemson University $ 45,000