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:
$75,000 (broken down as follows)
|Total number of student customers with linked accounts||444|
|Annual mean linked account costs incurred||$ 6.73|
|Annual median linked account costs incurred||$ 0|
|Total consideration received by Clemson University||$ 45,000|