How does MoneyMate work?

It's very simple. Open a MoneyMate account by depositing a sum of money (any amount) with the MoneyMate office. Next time you grab something to eat, instead of paying the conventional way (cash, credit card, or check), give the cashier your University ID Card. The amount of your purchase is automatically deducted from your MoneyMate account. Your new MoneyMate balance is displayed on the cash register or printed on the receipt. This allows you know your balance and when it is time to make another MoneyMate deposit.