1. Purpose: The Faculty Student Association offers check cashing privileges to enrolled students, current faculty and staff of Fredonia as a convenience and courtesy.

2. General Procedures: A check may be presented, in U.S. currency, only by the payee to the FSA at the University Commons Convenience Store and University Bookstore. The origin of the check or whether a purchase of $5.00 or more is made determines if there is a $.50 check cashing fee assessed. A valid FREDCard must be presented each time a check is cashed.

• Payroll, accounts payable, financial aid, and other checks originated by the FSA or The State University of New York at Fredonia may be cashed, without a check cashing fee, up to a limit of $225.
• Traveler’s checks, money orders, Cashier’s checks, and Certified checks may be cashed up to a limit of $200 and are subject to the $.50 check cashing fee unless a purchase of $5.00 or more is made.
• Personal checks made payable to the FSA will be cashed (up to $25.00 per day or up to $25.00 over the purchase amount). The $.50 check cashing fee is assessed unless a purchase of $5.00 or more is made. Third party checks will not be cashed.
• Financial Aid and FSA advance checks will be cashed ONLY during the first three weeks of each semester, without a check cashing fee, up to an $800.00 limit.

FSA reserves the right to alter these terms and conditions as deemed appropriate.

WHEN THE FSA RECEIVES A CHECK RETURNED BY THE BANK FOR INSUFFICIENT FUNDS OR CLOSED ACCOUNT:

1. The drawer’s check cashing privileges will be suspended until payment is made together with a $20 handling fee per check. The drawer will be notified of the returned check.
2. If reimbursement is not made within seven (7) days from the date of the first letter, a second letter will be sent demanding immediate payment. This letter will be marked “FINAL NOTICE” with an additional $5 handling fee assessed, bringing the total handling fee due FSA to $25 per check.
3. If reimbursement is not made within ten (10) days from the date of the second letter, a notice will be sent to the Office of Student Affairs. A hold will be placed on your records and you will not be able to register for the ensuing semester. In addition, transcripts may not be forwarded to any other institution.
4. If reimbursement is not made within ten (10) days from the date of the letter to the Office of Student Affairs, criminal prosecution under the N.Y.S. bad check law (Chapter 921, Laws of 1985) will commence.