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

Free Cookie Tradition Yields College Camaraderie

February 21, 2017

by Susan Dutca

One Faculty Master is keeping his free cookie tradition strong for College House residents, even while he's on sabbatical. Every Wednesday at 10 p.m., freshman line up Master Dennis DeTurck's apartment for a sweet snack and the singing of show tunes. This is only one example of the many food-centric traditions found at the university. [...]

Fight Crime with Help from Criminal Justice Scholarships

February 16, 2017

by Susan Dutca

Fighting crime is no easy task and is not meant for everyone. Careers in criminal justice aren't limited to police officers. You can study to be a criminal law paralegal, a crime lab analyst or even work for homeland security. If you plan to take this route, don't forget to apply for these solid scholarships to reduce debt while also doing your part to reduce crime: [...]

Fight for Free College in Oregon(?)

February 14, 2017

by Susan Dutca

Due to Oregon's $1.8 billion budget crisis, public university leaders want funding reallocated from the Promise program to the state's need-based grant, which is awarded to low-income students who attend Oregon's public universities. [...]

Follow Us:

facebook twitter rss feed