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Sallie Mae® No Fee Student Checking with Debit MasterCard® Information

What is this option? 

Student's who want to open a new checking account with a Debit MasterCard® can choose Sallie Mae No Fee Student Checking with Debit MasterCard* for their refunds. 

  • Access your refund the same day with an open and active account.
  • A full-service online checking account that includes Debit MasterCard®.
  • Withdraw your cash from 35,000 ATMs nationwide without paying any fees.
  • Gain peace of mind from an account with no annoying service charges or balance minimums.
  • Use your debit card to make everyday purchases in stores on online, wherever MasterCard is accepted.
  • View your balance, check your transaction history, pay bills, transfer funds, and more, all online.
  • Checking accounts are backed by the FDIC (Federal Deposit Insurance Corporation) and also include MasterCard Zero Liability Protection on signature transactions.*
  • It only takes a few minutes to enroll online.

Need help?

If you would like assistance enrolling in Sallie Mae No Fee Student Checking please call the specialists at Sallie Mae toll-free at (877) 346-2756.  Please call 541-383-7229 for assistance with your Student Online Services Account or COCC specific student refund questions.  

Are there fees associated with this choice?

There are no monthly or annual fees charged for the Sallie Mae No Fee Student Checking account.  There are several convenience fees you may incur, many of which can be avoided.  For more information, view the Schedule of Fees and how you can avoid them.  *Please note:  Sallie Mae will not charge a fee that will take your account balance below zero.

Using your Sallie Mae® No Fee Student Checking account and Debit MasterCard® wisely

  • Login to banking.salliemae.com frequently to check your balance and account activity.
  • Do NOT throw your Debit MasterCard® away. Future refunds will be deposited into your Sallie Mae® No Fee Student Checking account, and you can use your Debit MasterCard® to access those funds.
  • Withdraw your cash from 35,000 ATMs nationwide without paying any fees.
  • Visit the ATM Locator to find a surcharge-free AllPoint ATM near you. allpoint_logo.gif

Frequently Asked Questions

*Deposit products are offered through Sallie Mae Bank®, Member FDIC.
*The Sallie Mae Debit MasterCard is issued by Sallie Mae Bank® pursuant to license from MasterCard® International Incorporated.
MasterCard is a registered trademark of MasterCard International Incorporated.
*Zero Liability Protection does not apply to ATM transactions or to PIN transactions not processed by MasterCard.