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
April 29, 2016
by Susan Dutca117 underclassmen recently took advantage of the new NCAA rule which allows them to test the NBA waters without losing NCAA eligibility as long as they don't hire an agent. However, talented athletes are stuck between choosing to play on scholarships or play professionally. Division I schools are balling on a tight budget, with only 13 scholarships available per team. With the constant [...]
April 26, 2016
by Susan DutcaThe class of 2015 had the largest student loan debt in history and while some students may side hustle to cover their tuition bill, one student has opted to skip the grind and instead, hustle the streets to help pay for her college education. Star student Emily Stutz wasn't offered the necessary financial aid to attend college, even after she appealed to all of the eight [...]
April 21, 2016
by Susan DutcaWith Tinder, you can find your future partner, land a hookup, or...earn a scholarship? A female junior at the University of Nebraska Oklahoma was awarded a scholarship and paid internship for defending her use of the mobile dating app. After Shannon Workman's sorority, Chi Omega, found that she had a Tinder profile picture while rocking a T-shirt with their letters, she was [...]