Cash Management Regulations
The U.S. Department of Education published cash management regulations (34CFR668.161-167) via the Federal Register on October 30, 2015. This web page is published to comply with these regulatory reporting requirements.
Any United States bank account may be used for your student refund via direct deposit. Ohio State has partnered with Huntington National Bank; however, opening a Huntington account is voluntary and is not required to receive any Ohio State services, including direct deposit. No preferential treatment is given to Huntington account holders. For a listing of Huntington account options, including features and fees, please visit https://www.huntington.com/personal/checking. The agreement allows the BuckID Card to be linked to a Huntington banking account as a choice and provides additional optional banking as a convenience.
In compliance with the Department of Education cash management regulations, the following information was provided by Huntington National Bank to The Ohio State University and is in regards to the number of Ohio State students who had a Huntington Asterisk-Free checking account open at any time during the most recently completed award year and the mean and median of the actual costs incurred by Ohio State students who have Huntington Financial Account(s).
Award Year Ending June 30, 2020*
Huntington National Bank
|Mean Student Cost||$1.61|
|Median Student Cost||$0.00|
*July 2019 through June 2020 used Huntington's matching procedure, which has previously shown to produce similar matching results.
**OSU Student accounts = consumer Asterisk-Free checking account, primary owner 18-24 (at reporting month), household match to OSU student file