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
August 4, 2015
by Susan DutcaIs it possible to educate and correct inmates through quality, legitimate prison education? Discussions of social and educational reform, particularly within more decrepit and under-resourced environments are commonplace - but what about when it comes to educating incarcerated individuals? According to the Washington Post, proponents such as Education Secretary Arne Duncan plan to assist those [...]
August 3, 2015
The disease of addiction has ravaged college campuses, evident by the fact that 80 percent of college students drink alcohol, 40 percent binge drink. College students make up one of the largest groups of drug abusers nationwide. Young adolescent’s ages 18-24 already have an increased risk of addiction- those enrolled in a full-time college program are twice as likely to abuse drugs and [...]
August 2, 2015
My name is Christina Zhou and as part of my duties as a virtual intern for Scholarships.com I will be writing blog articles each week. Writing is one of my passions and that, combined with the opportunity to help people, was what drew me to this position. Hopefully, the content in these articles will assist student readers everywhere in answering their questions about the college experience. [...]