Banking Project

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.

The goals of the banking project include:
 
  • adding value and flexibility to OSU’s banking services; 
  • implementing efficient, automated processes; and 
  • providing modern service options to students, faculty, and staff.
 
 
 

Banking Project FAQs


Greetings,

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.

 
Instructions for requesting the new JP Morgan endorsement stamp:

1. Email Cashiers.Office@oregonstate.edu with the following information:

  • Unit receiving stamp
  • Location or mailing address for stamp (please be sure to note if it is an off-campus unit)
  • Name of person receiving stamp
  • Manager information for the person receiving stamp
  • Quantity OST stamps returned
  • Quantity of JPM stamps requested in replacement
 
Instructions for returning the old Oregon State Treasury endorsement stamp:

1. Interoffice stamp to:           

  • Cashier’s Office Kerr Admin Building (include your location) - We will provide a label for you to fill out and attach to the bubble envelope you received with your new stamp to interoffice or mail it back to us.

-OR-

2. Mail stamps to:

OSU Cashier’s Office (Include your location address)
PO Box 1086
Corvallis, Oregon 97331

 

 For questions related to the banking project, you may email BankingProjectQuestions@oregonstate.edu

Last Updated: 
09/04/2020