I just got an email from CUNY and it has details on how to get financial aid funds faster (and supposedly safer).
Below is the message from the email,
Receive your financial aid funds, including work study, faster and easier!
CUNY is pleased to introduce the CUNY Scholar Support Prepaid Card. This is a cash card and is a fast, secure and most convenient way for you to receive your financial aid!
Effective immediately, students awarded financial aid, including work study, can receive their payments on a CUNY Scholar Support Prepaid Card. This is a joint project between CUNY and Citibank.
The CUNY Scholar Support Card is not a credit card and will not affect your credit. It is a prepaid MasterCard® you can use to make purchases at any retail store or online or get cash at ATMs where MasterCard is accepted.
Your financial aid funds, including work study payments, will automatically be deposited to your card. That means no more trips to the bank or waiting for your check to clear. Your funds can be used as soon as they are deposited to the card. In addition, you are the only one with access to the funds.
The CUNY Scholar Support Prepaid Card offers many benefits over paper checks including:
Faster access to your funds
No check cashing fees
No need for a bank account
I don't mind getting my funds earlier than usual but do you think it is safe? Should I apply for one? Also I double checked the sender's email address and it is genuine.