Bank Cards: Cozy Deals on Campus

Joining forces with banks, colleges are now cashing in on student debit cards

When The University of Minnesota's 52,000 students arrived in early September, they received new "U Cards," a multi-purpose ID that doubles as a library and security card. But the new IDs also have debit and ATM features for students who open a checking account with TCF Financial Corp. (TCB). It was all part of a deal the school struck in exchange for the bank footing the bill and other hefty payments.

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