PNC Bank, the No. 4 deposit gatherer in the Chicago area, has struck up a relationship with Saint Xavier University. It’s the second college deal that the Pittsburgh-based lender has done in the Chicago area in 13 months.
The agreement between PNC and the Chicago university includes an option for Saint Xavier’s 5,000 students and employees to link their campus SXU Cougar Card to PNC accounts, enabling them, for example, to use it at ATMs. Students and employees can also get access to a higher-tech PNC ATM in SXU’s Shannon Center that’s capable of cashing checks down to the dollar, as well as standard PNC ATMs at SXU’s Warde Academic Center and on the university’s Orland Park campus.
PNC, which replaces TCF Bank at Chicago-based Saint Xavier, also has two full-service branches nearby at 10801 S. Western Ave, Chicago, and 11051 W. 179th St., Orland Park.
It’s PNC’s second university banking relationship in Chicago. DePaul University and PNC announced they were going together in February 2010.
As part of the agreement, PNC will also host financial literacy workshops for students and employees. PNC will also provide a customized Web site at www.pnc.com/sxu. The pact also calls for PNC to offer one free incoming wire transfer per monthly statement cycle and one free overdraft fee waiver on the first insufficient funds incident during the first year after opening the account.
