Today I just received my "Higher One" debit card for any future refunds that my university will need to give me for anything. I just read the terms and conditions for this card, and there are $2.50 ATM fees for every ATM withdraw not at a specified ATM (of course the specified ATMs are very, very scarce), a $0.50 per transaction fee, a $10 inactive account fee, a $50 fee if you over withdraw $5 or more, etc. etc (you get the point). This is absolutely outrageous a so called institution of 'higher learning' is telling students to do business with a company like this. They're essentially nickel and diming students to death that are receiving refunds on their financial aid or other expenses. It's also outrageous they're doing business with a bank that has been warned by the FDIC for an action with regards to "overdraft charging on persistently delinquent accounts, collections and transaction error resolution". Universities definitely make money off of this too: http://www.nerdwallet.com/blog/politics/2012/higher-turns-financial-aid-big-business/ This is the kind of thing that absolutely gets my blood boiling. I thought this was an institution of higher learning that was supposed to look out for the best interests of their own students, many of whom are already being crushed by huge amounts of student loan debt.