Florida Institute of Technology, founded a year after the Sputnik launch in 1957, has partnered with PNC Bank, to provide banking services for its more than 9,000 students, faculty and staff. The new service will emphasize money management and financial education.
As part of this arrangement, PNC, based in Pittsburgh, Penn., will host financial literacy workshops for students and employees on the Florida Tech campus, covering basic banking, credit management, savings and investing, identity protection and home buying.
The partnership with the Melbourne institution also includes an automated refund option through PNC’s Payment Portal, providing students with automated access to school-administered refunds via a delivery method of their choosing, such as direct deposit, paper check or a prepaid Visa stored value card.
Other features include the option for students and employees to link their Florida Tech Panther Card to PNC accounts, adding ATM and purchasing functionality to campus cards; Virtual Wallet Student, an online banking solution designed to help students manage their money; a customized Web site where students can complete account applications and find financial and educational information; and one free overdraft fee waiver on the first non-sufficient funds incident during the 12 months after opening the account.