PHILIPSBURG:--- Following requests from parents lauding the importance and benefits of WIB’s student account product type, WIB will maintain its student account product type under special conditions.
Existing and new student accounts will remain for four years to facilitate students in the Bachelor’s Degree program. If a student wants to pursue a master’ degree program thereafter, the student must inform the Bank and provide evidence of such, in order to maintain the student account for an additional two (2) years. All other student accounts older than four years will be converted to regular checking accounts.
The Bank had already indicated to Section Study financing that all the special features of the student account will remain and only the product type would be changed. Students will still be able to enjoy the special features such as the preferential opening of accounts and issuance of ATM cards. The flat fee of US $20.00 to transfer study financing funds to the University will also remain in place.
