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

Professor Endeavors to Adjust Grades Based on Gender

May 22, 2018

by Susan Dutca

A professor from The University of Akron had planned to boost his females' grades "a level or two" as part of a "national movement to encourage female students to go [into] information sciences." A university provost stated that, although the intention "may be laudable", it was unacceptable. [...]

Sizzling Summer 2018 Scholarships

May 21, 2018

by Susan Dutca

Summer break is here for most students and so are these sizzling summer scholarships for those who want to take advantage of their spare time this summer and earn money for college. Since you don't have to deal with homework and tests for the next couple of months, we strongly encourage you to apply for scholarships and kick-start your financial aid for next semester. See how much money you can save and student loan debt you can skirt by applying for and winning college scholarships this summer 2018. Begin your search with the summer scholarships listed below or get a personalized list of scholarship matches here. [...]

Student Strips for Presentation in Protest of Professor’s Comments

May 15, 2018

by Susan Dutca

Photo credit: Jeffrey Vinocur

A Cornell University senior presented a trial run of her senior thesis wearing nothing but her bra and panties in protest of her professor's comments about the length of the shorts she was wearing. Offended and taken aback by the comments, she further invited others to support her on the day of the presentation by stripping down to their undergarments with her during her 15-minute address. [...]