The Perks of Student Checking Accounts


October 6, 2011
by Jacquelene Bennett

Being a college student is stressful. The demands go beyond the classroom and university but despite all of those stressors, being a student also entitles you to some everyday perks – like being eligible for a student checking account at a bank.

Being a college student is stressful. The demands go beyond the classroom and university but despite all of those stressors, being a student also entitles you to some everyday perks – like being eligible for a student checking account at a bank.

So what do you get for having a student checking account? Here are a few reasons to consider opening one:

Fewer fees. Most of the time, student accounts aren’t charged monthly service fees (penalties banks charge for having insufficient funds in an account) or for making transfers from one account to another. Also the minimum amount of money needed to open the account is lower: Typically, you only need $25 to open an account versus hundreds.

Free necessities. When you open a student checking account, your debit card and first set of checks are gratis. Not bad for two things students use on a regular basis!

Rewards. Banks sometimes reward systems linked with the opening of student checking accounts. One of the reward systems my bank has is called "Keep the Change," where every purchase is rounded to the nearest dollar and the difference is automatically transferred to your savings account. After the first three months of transferring your change, the bank matches your savings and gives you the money in your savings account.

Credit card options. When you enroll in a student checking account, most banks give you the option of obtaining a credit card through the bank. This credit card usually has a low interest rate but a low credit line. This is great for three reasons: It will limit your urge to spend, it will keep your payments manageable and it’s enough to help you start building a great credit score.

So those are the benefits of student checking accounts at most banks. You’re only a student for so long – take advantage of the perks while you can!

Jacquelene Bennett is a senior at the University of Redlands where her areas of study are creative writing, government and religious studies. When she is not studying or working, you can usually find her eating frozen yogurt or blogging about her day. She has a cactus named Kat and believes that Stephen Colbert is a genius. Jacquelene works hard, laughs hard and knows that one day you’ll see her name in lights.

Getting more college financial aid doesn’t have to be a relentless search. Scholarships.com is totally free. Connect with our massive database of millions of college scholarships at any time by searching for awards in a variety of ways. Scholarships.com offers the quickest and easiest way to search for, apply to, and win college scholarships. Start making your college education affordable or perhaps even free, by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
The Entertainment Software Association (ESA) announced its first 
Esports scholarship, expanding its 20-year-old scholarship program to include Esports competitors in college, according to Polygon. The ESA Esports scholarship program is intended to elevate the participation of women and minorities who currently account for a very small percentage of Esports scholarship recipients. Therefore, in order to be eligible for the 
ESA Foundation Computer and Video Game Arts Scholarship, you must either be a woman or minority and pursuing a degree leading to a career in computer and video game arts and sciences. Current high school seniors, college freshman, sophomore and juniors who are U.S. citizens may apply for the ESA Esports scholarship. Applicants must also be enrolled full-time in an undergraduate program at an accredited four (4) year college or university in the upcoming fall semester in order to be considered. All scholarship applications are due March 2, 2020 at 11:59 PST. Applicants will receive results by mid-June and funds will be issued to scholarship winners by end of August.

Get Paid to Play in College with ESA Esports Scholarships

January 21, 2020 11:52 AM
by Susan Dutca-Lovell
The Entertainment Software Association (ESA) announced its first Esports scholarship, expanding its 20-year-old scholarship program to include Esports competitors in college, according to Polygon.

    When it comes to large dollar scholarships, mo' money means fewer problems in paying your college tuition bill. The average student will land between $1,000 and $5,000 in college scholarships after investing a decent amount of time and effort into applying for scholarships. Even smaller scholarships worth $500 are enough to cover books and fees, even if they aren't enough to foot an entire semester’s college tuition bill.

Biggest / Largest Dollar Scholarships in 2020

January 16, 2020 9:41 AM
by Susan Dutca-Lovell
When it comes to large dollar scholarships, mo' money means fewer problems in paying your college tuition bill. The average student will land between $1,000 and $5,000 in college scholarships

    High school graduation is right around the corner for high school seniors class of 2020 and - while many students may have already committed to their dream colleges - securing college financial aid is still a top-of-the-list priority in bringing that dream to fruition. Luckily, right now is the scholarship application peak season, with just enough time to apply for and win scholarships for college. Many 2020 scholarship deadlines are within the next several months, giving students like you sufficient time to conduct a free scholarship search and apply for those that best suit and interest you. Here's a sneak peek of the many scholarships for high school seniors class of 2020:

20 Scholarships for High School Seniors Class of 2020

January 8, 2020 3:18 PM
by Susan Dutca-Lovell
High school graduation is right around the corner for high school seniors class of 2020 and - while many students may have already committed to their dream colleges - securing college financial
Pacific Gas and Electric Company (PG&E) is offering more than 150 college scholarships totaling almost $500,000 for college-bound high school students, current college and continuing education students living in Northern and Central California. The college scholarships being offered by PG&E include the employee resource group (ERG), engineering network group (ENG) and Better Together STEM scholarship programs.

PG&E Offers Over 150 Scholarships Totaling $500k

January 7, 2020 2:57 PM
by Susan Dutca-Lovell
Pacific Gas and Electric Company (PG&E) is offering more than 150 college scholarships totaling almost $500,000 for college-bound high school students, current college and continuing education

    What better way to start off the New Year than by applying for and winning free college scholarships? Our New Year's Resolution is for you to attend and graduate college debt-free, so we've already compiled a list of top 2020 scholarships to help you achieve your college financial aid goals in the upcoming New Year.:

New Year, New You, New 2020 Scholarships

January 2, 2020 9:03 AM
by Susan Dutca-Lovell
What better way to start off the New Year than by applying for and winning free college scholarships? Our New Year's Resolution is for you to attend and graduate college debt-free, so we've
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced credit card and auto debt. More than fifty percent of Americans believe that college student debt is a major problem, with the average college student currently graduating with $30,000 in student loan debt. Some of the proposed college debt plans - such as student loan forgiveness plans - would leave students debt-free, while others would offer new repayment and refinancing options. Here are some of the major changes that could take place in the near future:

Plans to Tackle Student Loan Debt in 2020

December 30, 2019 2:44 PM
by Susan Dutca-Lovell
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced
While many students widely anticipate the moment they are able to go home for winter break and spend time with their family and friends, thousands of students dread the month-long campus shutdown as they have no home to which they can go.

Battling College Homelessness During the Holidays

December 24, 2019 10:45 AM
by Susan Dutca-Lovell
While many students widely anticipate the moment they are able to go home for winter break and spend time with their family and friends, thousands of students dread the month-long campus shutdown as