About Us

Business Office > Cashier

Hours

We use the time after 3:30 to balance and enter the funds for the day’s transactions. 

There are staff in the Business Office until the close of business hours each day.  If you do not see someone at the cashier desk – it’s O.K. to ring the bell!

Check Cashing
Students and employees of the College may cash personal checks, up to $100 total in one day and no more than twice a week. Please make the check out in the name of the person cashing the check or to “Cash”;  do not make the check payable to Lake Forest College. Students must write their ID number on the check also and present their student ID.

We will honor third party checks (checks made out to you by someone else), but if there were to be a problem with the check, the person cashing would be held responsible. 

There is a $20 fee for insufficient funds checks. Check cashing privileges will be withheld after 2 bounced checks, and uncollected funds will be added to the Student’s account.

ATM
The College provides an automatic teller machine in Durand Commons. The ATM does not accept deposits, but will honor withdrawals from cards with these networks: Mastercard, Money Network, Cyrus, Cash Station, Star* Plus, Discover, and American Express. 

Petty Cash Reimbursements
The Cashier will reimburse you in cash up to $100 per day for expenses incurred in the course of College business. Expenses over $100 should be submitted to Accounts Payable for preparation of a check. 

In order to be reimbursed, you must fill out a petty cash form, with the account number to be charged, a description of the expense, an original receipt, and the signature of someone authorized to approve charges against that account. Authorized signers are department heads, GA officers, and faculty or staff advisors for student organizations. 

Petty Cash Advances
Sometimes you just don’t have the funds you need to purchase something on the College’s behalf and wait to get reimbursed. In these cases, the Cashier has a “Special Box” which loans small amounts to students, faculty, employees in advance of a purchase. The amount is considered to be a personal loan until receipts are presented and the loan is cleared. Receipts are expected within two business days. The advance must be pre-approved by an appropriate signing authority for the anticipated charge.

Picking up Payroll Checks
Student payroll checks are distributed to the mailboxes the night before payday. If you will be away from the College on that day, you can leave a self-addressed stamped envelope with the Cashier to have your check mailed home. If you wish to have another student pick up your check, you must call to authorize it or send your ID with the friend. Checks up to $100 can be cashed at the Cashier desk with identification.

The College offers direct deposit of paychecks into U.S. savings or checking accounts. Please fill out the direct deposit form and bring it into the Business Office, with a voided check if possible.

Quarters
Quarters are a special commodity, useful in many transactions. The Business Office wishes to enable laundry activities and will happily trade you one roll of quarters for a $10 bill. We have a maximum of one roll per day per person.

Tuition Account Printouts
Your first source for tuition account printouts is on MyForester. You can view, print, and e-mail a statement at any time. You are also welcome to come into the Business Office and the Cashier will print out a copy of your account.

Make payments on a student account
The Cashier will gladly accept your payments toward your fees at the College. Cash, checks, and money orders are accepted. The College does not accept credit cards. Please make sure the student ID# and name is noted on the check, particularly if the person writing the check does not share a last name or home address with the student.

Deposit Funds Received
Any deposit which could be considered a gift to the College, including grants, should be processed through the Office of Development and Alumni Relations. All other deposits are accepted in the Business Office at the Cashier’s desk. These may include funds raised by students for their organizations, refunds from vendors, or fees collected for events. 

Checks should always be made out to Lake Forest College, and the organization or event can be noted in the memo section. Please make sure that the check writer’s name and contact information are on the check, just in case of a funds problem and you need to contact them. The College will not pursue collection of funds for bounced checks for these types of transactions – that is your responsibility.