Check Acceptance Policy

Steward
Vice President of Finance and Facilities
Category
Finance
Effective date
March 1, 2008
Last content update
March 1, 2008

Purpose

Ensure that the College and Minnesota State system cash asset is safeguarded and loss risk is minimized.

Policy

Minnesota State Community and Technical College will accept checks from customers for the amount of purchase for cash sales. Check payments on account will be accepted and applied to customer account with any excess either refunded by check or applied as a prepayment for future charges. The College does not cash checks or disburse cash refunds. The College will not accept counter or starter checks.

Definitions

Customers

Students, third-party vendors or general public.

Counter/Starter Checks

Checks that do not have customer name and address preprinted.

Responsibility

Bookstore Coordinators

Ensure policy is followed and monitor staff for compliance.

Bookstore Staff

Follow policy.