Home > Resources > Campus Life > Money Management > Student Checking Accounts

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?

Latest College & Financial Aid News

American Families Paying Less Out of Pocket Thanks to Scholarships

June 30, 2016

by Susan Dutca

Scholarships and grants are the number one source of funding to pay for college, according to a recent study by Sallie Mae. Check out these scholarships to help fund your college education: Kelsey's Law Scholarship Deadline: August 31 Maximum Award: $2,000 [...]

Elite College to Suspend "Need-Blind" Admissions

June 28, 2016

by Susan Dutca

Don't have the necessary funds to pay your college tuition? That may be a problem if you plan to attend colleges or universities like Haverford College, where they will suspend their admissions office's "need blind" application review policy, at least temporarily. Dropping the commitment to need-blind admissions is a concern among the fairly short list of private colleges; those that historically [...]

Gay Student Banned from Publicly Receiving Scholarship

May 5, 2016

by Susan Dutca

An openly gay student at Dowling Catholic High School decided to transform stigma into success by serving as a leader and advocate for LGBT rights at his school. Even after creating a gay-straight alliance and being awarded the Gold Matthew Shepard Scholarship, he was told that he could not receive the scholarship at the annual senior awards ceremony. Last April, Tyler McCubbin, a [...]

Follow Us:

facebook twitter rss feed