US Bank, NCSU offer prepaid debit MasterCard as student ID

U.S Bank is partnering with North Carolina State University to offer new students, staff and faculty a prepaid debit MasterCard that will also double as a campus identification card. Known as the Wolfpack One Card, it will be made available to incoming freshmen this June.

The new prepaid debit card will be good for purchases made on campus or anywhere debit MasterCard is accepted. The card is the first of its kind to combine prepaid debit card features with a student ID. The card can be funded by direct deposit, financial aid refunds, checks mailed to the campus office, and by deposit of cash or check at the Wolfpack One Card office on the NCSU campus. Online deposits can be made when funded through a credit card; there is a $2 transaction fee.

As part of the partnership, U.S. Bank will supply the campus with ATMs. The debit card will also be functional at more than 23,000 U.S. Bank or MoneyPass ATMs. U.S. Bank will also offer online access so students and their parents can manage accounts from anywhere in the world. Online features include the ability to make changes to the account, check balances and transactions, and set email and text alerts about account activity like a low balance or withdrawal.

The prepaid debit card will also serve as the student ID, allowing students to access to the current All Campus debit plan, student meal plans, secure building entrances, library services, laundry room services and printing capabilities on campus. Current students and faculty members are also eligible to receive the card starting in October for a one-time fee of $10 if an old ID card is turned in, or $20 without the old ID card.