The MTU Cashier's Office cashes checks for students, staff, and faculty with the
Daily limit $100 per person (total of all checks).
MTU ID card required.
No third party checks. (Checks can only be cashed in person by the payee or,
if issued to MTU, the payor).
Checks will not be cashed for the following:
outstanding "bounced" checks.
Persons who have "bounced" checks
resulting in outside collection action.
Non-students who have "bounced"
more than 2 checks in the past.
Students who have "bounced" more than 3
checks in the past.
Non-students who have "bounced" 2 checks in the past
and have repaid within the last year.
Students who have "bounced" 3
checks in the past and have repaid within the last year.
Special Consideration for Petty Cash Funds
MTU checks are issued to the petty cash custodians to replenish departmental
petty cash funds. The following policy relates to cashing of these checks only:
$100 limit is waived.
The petty cash custodian may designate another MTU employee to cash the
check at the cashier's office. For the protection of all concerned, a memo must
accompany the designated person with the following information:
name (custodian) and signature.
Designated person's name and signature.
Amount of check, check number, and date of check.
The check must
be endorsed by the payee as follows:
Pay to the order of designated
The designated person will endorse at
the cashier's window. ID required.
Safe Guarding Cash
Units, that collect cash, must have adequate measures in place to safeguard
that cash. To properly secure cash, it must be kept inaccessible to those who do
not have a legitimate need to access it. The use of safes with combination locks
is recommended where practical. Those units which have cash safes should make
sure the safe is kept locked when it is not in use or is unattended by those
responsible for it. Additionally, combinations should be changed on a regular
basis, especially after anyone who knows the combination leaves their position
in the department or no longer needs access to the safe.