Higher One

Founded in 2000, Higher One is a leading company focused on helping college business offices manage operations and provide enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One, Inc. works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases, and learn the basics of financial management.

Higher One provides its services to more than 730 distinguished public and private higher education institutions throughout the country representing a total enrollment of more than 5.4 million students.

Higher One offers two suites of online banking services customized for the Higher Education Industry: OneDisburse® and the CASHNet® Suite of Payment Products. The combination of these two best in class services provides greater efficiency and enhanced customer service for students to institutions of higher education across the country.

Higher One is dedicated to providing best-in-class solutions to help your business office manage operations and provide enhanced service to students. With this in mind, we continually work to establish partnerships and alliances with industry leaders who share the common goal of serving Higher Education.

I'm Miles, one of the founders of Higher One. If you're reading this, it's because your college or university uses our services. As this may be your first experience with us, I'd like to share some background on how we started out, followed by details on the features and benefits of the OneAccount, a no minimum balance, no monthly fee, FDIC Insured checking account. I founded Higher One when I was a junior in college (which was early 2000 - not that long ago) with two other college friends, Sean Glass and Mark Volchek. Our main idea was to expand the purchasing power of our college ID card so it could be accepted everywhere - not just on campus. While this was a good idea, we weren't sure it would be enough to become a viable business. We needed to provide a benefit to school administrators in addition to the students. Looking at the refund process, we noticed how frustrating it was for students to wait in line for their money. In addition, the process of issuing checks was costly for the school. We decided to create a product based on combining a college ID card with a Debit MasterCard®; this would help students get their refunds from their school faster, offer more choices in how to receive their money and finally save time and money for colleges and universities. Our company was built on a culture that values integrity, teamwork, creative problem solving, focus and open communication. To me, open communication also extends to customers. Some of the ways we practice this is by avoiding "banky" words; or if we must use them, doing our best to explain what they mean in simpler terms. We also post a link to the OneAccount fee schedule on every page of our banking site. (You don't find that very often!) And on that same page, we've explained in detail how the account can be used for free.

115 Munson Street
New Haven,
CT 06511