Budget Cuts Lead to New Fee For Deposits to TechCASHBudget Cuts Lead to New Fee
For Deposits to TechCASH
The Card Office recently announced that a $1.50 charge will be imposed for credit card TechCASH deposits made online. The Web site for online account management is run by a third-party company, which charges a MIT two percent commission for credit card deposits, said John M. McDonald, associate director of enterprise services.
The creation of the fee was made in an eleventh-hour decision prior to the new fiscal year, which began July 1, because budget cuts were necessary, McDonald said.
To avoid the fee, money can be added to the card accounts either by mail or in person at the card office, as a signature is required, McDonald said. The Card Office would have liked to announce the changes before students left at the end of the semester, he said, but the decisions had not been made at that time.