Student Checking Accounts
Opening and managing a checking account is an important student money management lesson. For many college students, having a checking account is a new experience. Learning how to balance and manage a checking account is a great way to develop basic money management skills.
Many banks offer free checking accounts for students. As soon as you get your student ID card, you will be able to apply for one of these accounts. When you are researching your options, look for a student account that is truly free. The best accounts require small opening balances, do not charge for printed checks, do not charge a monthly maintenance fee and do not accumulate fees for debit or card transactions. Be careful of "hidden costs" or offers that sound too good to be true.
Questions to Ask When Opening a Student Checking Account
- Does the account include overdraft protection?
- How much money is required to open the account?
- Is there a monthly fee?
- Is there a transaction fee for debit card transactions?
- Is there a charge for withdrawing money from an ATM machine?
- What is the fee, if any, for checks?
- Will I have 24/7 access to telephone banking?
- Will I have access to online banking? Is there a fee?
- Will I receive statements via mail or electronically?
- 8 Great Ways to Save Money in College
- Apartment Penny-Pinching
- Avoid Credit Card Debt
- Basic Money Management
- College Money Management Tips
- Go On A Budget Diet
- Money Management for College Students - Learn to Recognize Want vs. Need
- Resist The Urge To Splurge
- Student Checking Accounts
- You and Your College Fund
- You Are Your Credit Score
Latest College & Financial Aid News
September 20, 2016
by Susan DutcaEmotional support animals are able to attend select colleges with their owners, as schools are re-evaluating their campus policies when it comes to accommodating students with mental-health issues. Higher education institutions are also debating whether suicide-prone students should be given campus leave, in order to recover. Administrators are fighting to make decisions in the best interest of [...]
September 13, 2016
by Susan DutcaVandals allegedly trashed the 2,997 American flags planted across Occidental College's campus as a 9/11 Memorial by the college's Republican Club. The broken and trashed flags were replaced by fliers that read, "RIP the 1,455,590 innocent Iraqis who died during the U.S. invasion for something they didn't do." The memorial, which was approved by, and registered with the college, was quickly [...]
September 6, 2016
by Susan DutcaIt's not feasible to do 10 campus visits in only 5 days - unless you're willing and able to pay for a private jet that costs more than college tuition itself. Magellan Jets offers a college tour package to "decrease both the headache and the time spent on college campus visits." So if you have $100,000 to spare, sit back, relax, and enjoy the refreshment bar as you soar to your next campus [...]