Adding, Transferring, and Carrying Over Funds

Adding Student Meal Plan Funds

If you are running low on funds in your Basic or Flex Account, you can add money throughout the year to ensure that you can keep on using your Student Meal Plan.  There is no service fee for adding funds to either Account.

To Add Money to your Basic Account...

  • Visit the Hospitality & Retail Services Office during operating hours - you can add funds by using cash, debit, Visa, MasterCard, or American Express
  • Because your Basic Account is made up of Basic Dollars (50%) and Overhead (50%), half of the total amount deposited will be added to your Basic Dollars on your TCard, and the remaining half will be deducted to cover Overhead fixed charges

To Add Money to your Flex Account...

  • Visit the Hospitality & Retail Services Office during operating hours - you can add funds by using cash, debit, Visa, MasterCard, or American Express
  • Login into your Online Meal Plan Management System - you can use Visa, VisaDebit, or MasterCard (please make sure you select RezFlex as the Account to which you would like to add the funds
  • Friends and Family can also add funds to your Flex Account by making a Guest Deposit on the Online Meal Plan Management System

Please note: There are no automated Student Meal Plan fund deposit machines on campus.  Any fund deposit machines on campus are for deposits that do not relate to your Student Meal Plan.

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Transferring Student Meal Plan Funds Between Accounts

If you are running low on funds in your Basic Account, but you have funds remaining in your Flex Account, you can transfer some or all of your Flex Account funds to your Basic Account

  • Visit the Hospitality & Retail Services Office during operating hours
  • Because your Basic Account is made up of Basic Dollars (50%) and Overhead (50%), half of the total amount transferred will be added to your Basic Dollars on your TCard, and the remaining half will be deducted to cover Overhead fixed charges
  • Due to the tax exempt nature of your Basic Account, Basic Dollars cannot be transferred to your Flex Account

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Carrying Over Student Meal Plan Funds to the Following Year

Each Student Meal Plan has some carryover eligibility for your remaining funds at the end of the school year.

Carryover of your Basic Funds

Basic funds over the Minimum Commitment of $1,604.50 are eligible for carryover into the following year.  The breakdown of carryover for each Student Meal Plan is as follows:

PLAN TYPE

MAXIMUM BASIC

CARRYOVER AMOUNT

(INCLUDING OVERHEAD)

Small A $50
Light A $200
Regular A $400
Plus A $650
Small B Not eligible for Basic Carryover
Light B Not eligible for Basic Carryover
Regular B Not eligible for Basic Carryover

 

Carryover of your Flex Funds

All remaining Flex funds in any of the Group A and Group B Student Meal Plans are eligible for carryover into the following year.

 

RezCarryOver

All carried over funds will be moved into an account called RezCarryOver - this account will appear on your TCard two weeks after the end of the school year.

You do not have to live in Residence the following year to qualify for RezCarryOver - as long as you are still a UTM students, your RezCarryOver funds will be available to you.  If you do decide to live in Residence the following year, then you will notice that your RezCarryOver Account will be separate from your new Student Meal Plan Basic and Flex Accounts.

RezCarryover funds:

  • are not tax exempt
  • can be used at all of the same on-campus and off-campus places as your Student Meal Plan can
  • can be used during the summer in which you receive them on your TCard
  • expire on April 30th of the school year in which you receive them on your TCard

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