Student Organization Financial Processes

The Information Included below was last updated on February 12, 2025

Deposits

Students can deposit money from events, collection of dues, donations, and any other source of student organization revenue. To make a deposit for their student organization, students should pick-up a Bank of America deposit slip from the SOLE Office (W20-500). All checks and cash should be deposited immediately upon receipt. Deposits can be made at Bank of America branch or ATM locations. Deposited funds will show up in the student organization’s account in one (1) to two (2) business days. A student must return the yellow carbon copy sheet of the deposit slip and the white deposit confirmation slip that Bank of America staff or ATMs will provide after completing the deposit, to the Financial Assistant in the SOLE Office immediately after the deposit is made.

  • Bank of America Branch Locations Near the MIT Campus

  • Deposit Processes

    Standard Deposits
    1. In the "Deposited By" field, put the name of the student making the deposit for the student organization.
    2. In the "Date" field, put the date that the deposit is being made.
    3. If depositing multiple checks, put the last name of the individual or name of the organization on the check on the check line for each check and the amount of the check in the "Dollars" column (if you have more than ten checks from the same individual or organization, write the number of checks where you would write the name and then the total amount in the "Dollars" column for all checks).
    4. In the "Total" field, put the total amount of all checks and/or cash that will be included in the deposit.
    5. In the space underneath "Bank of America", put the student organization’s name AND main account number.
    MIT Check Deposit Form
    If students need to deposit a check(s) for their student organization during periods of time when they are away from campus, they have the option to submit an MIT Check Deposit Form.
    Wire Transfers
    For information on how to make a wire transfer for your student organization, visit the Wire Transfers page on the VPF website.

Student Organization Funding & Financial Stewardship Staff Advisors

Ramon Downes

Assistant Director, Financial Operations for Student Organizations

rdownes@mit.edu

Mary Mango

Financial Assistant

mmango@mit.edu

Connor Perez

Administrative Assistant

cjperez@mit.edu

E: sole@mit.edu
P: 617-253-6777

Student Organizations, Leadership & Engagement

77 Massachusetts Ave
Cambridge, MA, 02139