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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. Financial Services can help you save money, quickly access your funds, and minimize individual risk.

Contact the Dean of Students Business Office to start the process of opening a RSO Financial Services account. 

Benefits to RSO Financial Services

Save Money

• Use campus services, including University Communications Printing Services, instead of more expensive off-campus services.
• Pay no account fees.
• Pay no sales tax on purchases. RSO Financial Services members will be authorized to use the University’s Tax Exempt status.

Easy to Use

• One stop location for processing payments, deposits, and reimbursements
• Cash reimbursements available for out-of-pocket expenses up to $25
• Direct account transfers for payment of campus services, including printing services, catering, Bone Student Center, and police services
• Account balances and budget information are 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 in previous years

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 under the organization's name rather than through a personal account reduces the potential for misuse of organizational funds.