Controlled Value Cards (CVCs)
A Controlled Value Card (CVC) functions like a debit card for purchases up to $3,000 (excluding travel and vendor services). Each organization may apply for one CVC.
A Controlled Value Card (CVC) functions like a debit card for purchases up to $3,000 (excluding travel and vendor services). Each organization may apply for one CVC.
CVC Application Process
| 1. Financial Signatory must submit a CVC Application. |
| 2. Financial Signatory must watch the CVC Training Video and submit a CVC Agreement Form. |
| 3. After approving the CVC Application and CVC Agreement Form, a SOLE Office staff member will order the CVC from VPF and Bank of America. It can take between 30 to 60 business days for the SOLE Office to receive the CVC from the VPF and Bank of America. |
| 4. Financial Signatory can use the GrubHub Event Setup Form for purchases while waiting to receive the CVC. |
| 5. Financial Signatory will receive an email notification from the SOLE Office when the CVC card has arrived and is ready to be picked-up from W20-500. |
Assistant Director, Financial Operations for Student Organizations
rdownes@mit.edu
Financial Assistant
mmango@mit.edu
Administrative Assistant
cjperez@mit.edu
E: sole@mit.edu
P: 617-253-6777
Student Organizations, Leadership & Engagement
77 Massachusetts Ave
Cambridge, MA, 02139