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 and Wells Fargo Campus Card Agreement

For the Award Year Period of July 1, 2019 - June 30, 2020:

  • Total number of student customers with linked accounts:   357
  • Mean and media linked account costs incurred:
    • Annual mean                                                             $4.55
    • Annual median                                                          $     -
  • Total consideration received by Clemson University:           $75,0000