Notice to PennCash Holders about Changes in Terms and Conditions |
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September 10, 2013, Volume 60, No. 4 |
PennCard, the department at Penn that manages PennCash, wants all PennCash holders to be aware of recent changes in its Terms & Conditions (T&C). In summary, the changes include the following:
Fees: The $25 annual maintenance fee on inactive accounts is being eliminated; the right to charge a fee on certain types of refunds is being reserved.
Notice of Future Amendments: Under the new Terms and Conditions, notification of adverse changes will be made in advance via email (unless otherwise required by law).
Refunds: Refunds may be obtained at any time by contacting the PennCard Center, and the University reserves the right to apply unused funds in the Account to any amounts owed them.
New Location: The PennCard Center is now located on the 2nd Floor of the Penn Bookstore, Room 219.
The new Terms and Conditions are available at www.upenn.edu/penncard
PennCash holders who do not want the new terms to apply to their accounts, must close the Account and request a refund of the unused balance on or before October 1, 2013 by contacting the PennCard office at (215) 417-CARD. For PennCash holders who do not close their accounts and request a refund, their accounts will be governed by the new Terms and Conditions.
These changes impact individuals who were PennCash account holders before June 1, 2013. Anyone who opened an account as of June 1, 2013 has agreed to the new T&C.
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