RSO Financial Services
RSO Financial Services is a bank like system provided for registered student organizations through the Dean of Students Office. There are a variety of benefits to using RSO Financial Services in place of a community bank like saving money, accessibility and minimizing individual risk. Contact the Dean of Students Business Office to start the process of opening a RSO Financial Services account.
RSO Financial Services: Benefits to RSOs
Save Money
- Use campus services, including University Communications Printing Services, instead of more expensive off-campus services.
- No account fees.
- RSO Financial Services members will be authorized to use the University’s Tax Exempt status. You won’t pay sales tax on purchases.
Organizational Business Functions are Easy
- One stop location for processing payments, deposits, and reimbursements
- Cash reimbursements available for out-of-pocket expenses up to $25
- Direct account transfers for campus services, including printing services, catering, Bone Student Center, police services
- Account balances and budget information will be centrally available. Future plans include online access for authorized members/advisors.
- Easy deposits after-hours. Funds collected on evenings and weekends can be put in the overnight deposit dropbox anytime the student center is open.
- Self-generated funds in the account at the end of each year will rollover into the next year
- Fee-based and self-generated funds will be in a single location
Easier Event Scheduling
- Organizations with RSO Financial Services accounts can utilize enhanced online event scheduling for Bone Student Center spaces.
Individual Member's Benefits
- Reduce possibilities for identity theft. Your personal information isn’t part of an organizational bank account
- Eliminate potential tax liability. Tax audits by the IRS have resulted in RSO officers having personal income tax liability for organizational accounts in their name.
- Reduce out-of-pocket expenditures
- The ability to check available funds before approval of expenses will result in fewer “leftover” debts from members the previous year
Membership Changes are Easy
- Authorizations for account use and information will be changed as members/officers change.
- No need to close an account and open a new one for the new academic year and officers.
Consistent, centralized processing and eliminating accounts held under personal information reduces the potential for misuse of organizational funds
