Skip Navigation LinksHome > 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

College President Bans School-Funded Travel to Indiana

by Suada Kolovic

In response to Indiana's Religious Freedom Restoration Act, San Francisco State University President Leslie E. Wong has banned all school-funded travel to the state. The controversial legislation, which was signed into law by Republican Governor Mike Pence last week, is meant to protect religious liberty but many have expressed concern that the law will become a tool of [...]

SOTW: National WWII Museum Student Essay Contest

by Suada Kolovic

This year, The National WWII Museum asks: How do you define a hero? The flag-raising on Mount Suribachi at Iwo Jima on February 23, 1945 is one of the most famous moments of WWII. The six men who helped to raise the flag are often referred to as heroes. Out of the six men who raised the flag that day, only three survived until the end of the war. One of the surviving men, Cpl. Ira [...]

Surprise Gift from UNC’s Beloved Coach Dean Smith

by Suada Kolovic

In a touching posthumous act of gratitude, beloved University of North Carolina basketball coach Dean Smith's trust has mailed out $200 checks to each of the nearly 200 lettermen he coached with the message, "Enjoy dinner out compliments of Coach Dean Smith." The letter sent read, in part: Each player was important and special to Coach Smith and when he prepared his estate plan, [...]

Follow Us:

facebook twitter rss feed