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OSU has engaged JPMorgan Chase Bank, N.A. in an independent banking relationship as an additional service provider to the university for select banking services. The banking project will begin in fall 2020 with accounts payable, student refund, and deposits processes and continue in phases through 2021. This timing aligns with changes that the Oregon State Treasury, OSU’s current banking partner, is making to their service providers.
As you are aware, OSU is transitioning some of its banking services from Oregon State Treasury to JP Morgan Chase Bank. Beginning in September 2020, all checks routed through the Cashier’s Office are to be endorsed with a JP Morgan endorsement stamp for deposit. This change will require that your Oregon State Treasury (OST) endorsement stamp(s) be returned to the Cashier’s Office for destruction as soon as your new JP Morgan (JPM) endorsement stamp has arrived.
Currently, we are only doing a 1:1 exchange of stamps. Once the old OST stamps have been exchanged with new JPM stamps, departments have the option to purchase additional JPM stamps if necessary. Please remember that all orders for endorsement stamps must be routed through the Cashier’s Office.
*Please note: This change is only for checks that are routed through the Cashier’s Office. If you send checks directly to the bank, you may ignore this memo.
1. Email Cashiers.Office@oregonstate.edu with the following information:
1. Interoffice stamp to:
2. Mail stamps to:
For questions related to the banking project, you may email BankingProjectQuestions@oregonstate.edu