bank of america checking account for college students

with every TD Bank checking account No monthly maintenance fee on a TD Simple SavingsSM account when linked to a TD Student Checking account. Most students and scholars will only need to open a checking account or a combined checking / savings account. Checking accounts: These allow you to deposit or. Banks offer specialized accounts for students (often options for both Wells Fargo college checking, and Bank of America college account.

Welcome to the Official Bank of UC Berkeley

1 The 1% for the Planet account is the Any Deposit Checking account that donates 1% of the net revenue to environmental nonprofits through the 1% for the Planet organization.

2 $10.00 monthly service charge waived with one deposit of any amount each statement cycle. Deposits include direct deposit, mobile deposit, ATM deposit, or in-branch deposit of any amount. Does not include fund transfers between Bank of the West accounts or any credits from Bank of the West. Opening deposit can be any amount ($0.01 or more). No monthly service charge if any account owner is under age 25.

3 The carbon tracking tool, bank of america checking account for college students will appear in the Bank of the West Mobile app for 1% for the Planet account, uses the Aland Index, a cloud-based service for carbon impact calculations, to provide a measurement of the potential carbon impact of purchases made with the 1% for the Planet debit card. The calculation is based on the merchant code, a code that indicates the types of goods or services a company provides, and the amount of the purchase. The actual carbon impact may be higher or lower than the measurement provided. The Aland Index is the leading index solution for carbon emission calculations for payments and financial transactions. The Aland Index Solution is a joint venture between Alandsbanken and Doconomy. Bank of the West licenses the Aland Index through Doconomy. To learn more visit alandindexsolutions.com.

4 Net revenue is defined as fees charged directly to the account, plus interest income, minus losses. Net fees is gross fees charged less reversals. Interest income is defined as the lowest end of the target Fed Funds range during the time period being assessed, multiplied by the average balance of the account and the percent of days in the year during which balances were held. Debit card revenue is not included in the account revenue calculation.

5 The EMV chip, magnetic strip, ink and hologram are not biodegradable
   A Bank of the West account is not required for any aspect of the Cal 1 Card or its debit feature.

6 The UC Berkeley Student Checking account offer is only available to UC Berkeley students. A bank of america checking account for college students student Cal 1 Card, transcript, class schedule, or for incoming students an acceptance letter, must be presented at account opening. All accounts are subject to the standard Bank of the West Deposit Account Disclosure for Personal Accounts and the Schedule of Fees and Charges. Renew your UC Berkeley student status before the six-year anniversary of your account by presenting a valid student Bank of america checking account for college students 1 Card. Otherwise your account will be converted to our Any Deposit Checking product and the $5 monthly Student Perks Bundle fee will no longer be waived.

7 Enrollment in Online Banking and download of our Mobile App required. Wireless carriers may charge fees for text transmissions or data usage. Message frequency depends on account settings. Text HELP to BKWST (25978) for help. Availability of Mobile Banking may be affected by your mobile device's coverage area. Requires mobile phone with text messaging capabilities. Mobile Banking requires an internet-ready phone and is supported on Apple iPhone devices with iOS 9 and greater and on Android mobile devices with OS 5 and greater. Mobile deposits made before 7 pm PT will be processed the same business day and made available within two business days. Longer delays may apply based on the type of items deposited, amount of the deposit, account history or if you have recently opened your account with us.

8 Student Perks Bundle includes benefits for using non-Bank of the West ATMs and enrollment in debit rewards. The $5 monthly Student Perks Bundle fee is waived for UC Berkeley Student Checking accounts. There's no Bank of the West charge for two transactions per statement cycle ($2.50 per transaction) for non-Bank of the West ATM transactions (balance inquiry, transfer, withdrawal); and up to $6 per statement cycle for fees charged by non-Bank of the West ATMs for use of their ATMs will be rebated within one business day. Foreign transaction fees may apply.

Источник: https://www.bankofthewest.com/campaigns/personal-banking/UCBerkeley.html

What Do You Need to Open a Student Bank Account?

Students can open a bank account.

Image Credit: d3sign/Moment/GettyImages

Opening a student bank account is a major decision. Ideally, you want to choose one with free ATM withdrawals, money management tools and low fees. Some banks also offer cash-back deals and incentives, such as sign-up bonuses. But first, you need to compare your options and check the bank's requirements.

Tip

Students must provide their contact information, Social Security number and a government-issued photo ID when applying for a bank account. If you are underage, you may need to open a joint account with a parent or legal guardian.

Student Bank Account Benefits

Whether you're starting college or getting a part-time job while in school, you need a safe place to keep your money. Having a bank account allows you to grow your savings and learn the basics of money management. Over time, you'll become more aware of your spending habits and improve your budgeting skills. Plus, your savings will be insured up to ​$250,000​ by the Federal Deposit Insurance Corporation.

Student bank accounts come with their perks. First of all, most banks charge lower maintenance fees and may not require a minimum opening deposit. Second, they may offer interest-free overdrafts and all sorts of perks, such as budgeting tools and free personal checks. The requirements for opening a student bank account vary from one institution to another. Generally, underage students must bring a parent or legal guardian to sign up for a bank account.

Get Your Paperwork in Order

Minors don't have the legal capacity to enter into a contract, explains the Office of the Comptroller of the Bank of america checking account for college students. Therefore, they need the consent of a parent or guardian to apply for checking or savings accounts, debit cards and other financial products. For example, Citizens Bank allows teenagers aged 16 and over to have a debit card in their names. The card must be linked to a joint account with a parent until you are 17 years old.

If you're over 18, you should be able to open a student bank account in your name. Depending on the bank's requirements, you may need proof of identification and school enrollment, such as your birth certificate, passport or driving license and a student ID. Some banks also require a minimum deposit.

Best Online Bank Account for Students

Now that you know how to open a student bank account, it's time to choose one that meets your needs. The U.S. Bank Student Checking account, for example, includes a free debit card, free personal checks, overdraft protection and other perks. You'll also get free mobile and online banking.

To apply, you must fill out an online form, submit your Social security number along with a government-issued photo ID and make an initial deposit of at least ​$25​. Depending on where you study, you may have the option to link your student IDs to your bank accounts to receive a custom campus card.

Another option is Advantage SafeBalance Banking, a checking account offered by Bank of America. If you're over 16 years old, you can open the account in your name. Applicants under the age of 16 need the consent of a parent or guardian. To sign up, you must enter your full name, date of birth and Social Security number.

Students under age 24 are not required to pay monthly maintenance fees. Other perks include free mobile and online banking, fraud protection, custom alerts and interactive budgeting tools. Account-holders can also request digital cards and temporarily lock their debit cards through the Bank of America mobile app.

Chase Bank, Discover, PNC and Capital One offer similar options. The Chase College Checking account, for instance, comes with a ​$100​ signup bonus and money management tools. Students bank of america checking account for college students also set savings goals, track their expenses and pay their bills via the Chase Mobile app. If you're 18 to 24 years old, you may apply for an account online. The bank will ask for your contact information, your college/university name and the date when you expect to graduate.

Источник: https://www.sapling.com/8416733/do-open-student-bank-account

Geared toward students ages 23 and younger, the BB&T Student Checking Account has some useful features overall (see below), but what makes it shine in this category is the U by BB&T mobile app.

State-of-the-art and easy-to-use, the app allows you to customize your dashboard with whatever is most important to you, from checking your credit score to paying bills. You also can set savings and spending goals, pay friends with Zelle, store and attach receipts, and even connect with a personal banker, all from your phone. The app currently ranks #116 in Finance apps on the iTunes App Store with 4.8 stars, and has a 4.6 user rating on Google Play.

With no minimum deposit, no monthly fee, no direct deposit requirements, it's inexpensive to keep your funds in this account. Also, BB&T waives the fee associated with non-BB&T ATM transactions two times per statement cycle, although you will not be reimbursed for the other bank's fee. Though the account is fee-free, overdraft fees tend to be high, although you can opt-out of Overdraft Review to avoid them.

Unfortunately, BB&T is currently available in only 15 states: Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and the District of Columbia. However, BB&T has recently merged with SunTrust—the new entity is named Truist—which will expand its geographic footprint.

Pros
  • No direct deposit requirements

  • Non-BB&T ATM fees waived twice per month

Cons
  • Confusing overdraft protection options

  • $36 overdraft fee, which can be charged 6 times per day

  • Only available in 15 states and the District of Columbia

Other important information:

  • Minimum deposit: $0 
  • Interest: None
  • Fees:
  • Monthly Fees: $0 
  • Overdraft Fee: $36 per overdraft, for a maximum of $216 per day. You may opt out of Overdraft Review, which means your transaction will be declined, and you will not pay the $36 fee. If your account is overdrawn by $5 or less, BB&T will waive any overdraft fees. You may also sign up for Overdraft Protection, which requires you to link an account to cover overdrafts, but you will pay a $12.50 overdraft transfer fee per transfer. BB&T will waive the overdraft transfer fee for any transfer amounts under $5.
  • ATM Fee: $3.00 for Non-BB&T ATM transactions. This fee is waived twice per statement cycle
  • Accessibility:
  • More than 1,700 branches in 15 states and the District of Columbia
  • More than 2,000 ATMs nationwide
Источник: https://www.investopedia.com/best-student-bank-accounts-4799707

Student Checking & Other Services

TD makes banking simple with flexible student checking and savings accounts, mobile banking and plenty of information on how to keep your financial future on the right track.

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No minimum balance, no monthly fees

Are you a student or young adult ages 17 through 23? Get great student perks from TD Convenience CheckingSM, like no minimum balance requirements and no monthly maintenance fees.1 Plus, pay no monthly maintenance fee on a linked Simple Savings account if you're under 24.2

If you're under 18, visit a TD Bank store near you with a parent or legal guardian.

View account details

No minimum balance, no monthly fees

Are you a student or young adult ages 17 through 23? Get great student perks from TD Convenience CheckingSM, like no minimum balance requirements and no monthly maintenance fees.1 Plus, pay no monthly maintenance fee on a linked Simple Savings account if you're under 24.2

If you're under 18, visit a TD Bank store near you with a parent or legal guardian.

View account details

Qualifying Visa® Debit Card purchases are transactions made using a TD Visa® Debit Card to buy goods and services. Returns, other adjustments and ATM withdrawals do not qualify.

For students: take your bank with you, wherever you go

  • Mobile Banking lets you keep track of your account, pay bills and deposit checks from your smartphone or tablet with TD Bank Mobile Deposit.3 It doesn't get more convenient than that
  • Digital Wallet lets you load your TD Bank Visa® Card to your smartphone and tap to make easy, fast payments
  • Online Banking helps you view your balance, make transfers, pay bills and more—all at the click of a mouse
  • Send Money with Zelle® is an easy and free way to split expenses, receive payments or send money fast with your TD Bank account4
  • Contactless debit cards are a fast, safe and hassle-free way to pay. Plus, we've got your back with 24/7 fraud alerts
  • Overdraft Protection waives savings overdraft fees on transfers5

TD tools for parents with students

View the TD Convenience CheckingSM Account Guide.

1TD Convenience CheckingSM monthly maintenance fee waived if the Primary account holder's is 17 through 23 years of age. Upon the primary account holder's 24th birthday the account will be subject to the monthly maintenance fee unless the minimum daily balance is maintained.

2We will waive the monthly maintenance fee on one eligible TD Simple Savings account for eligible Customers upon Customer request for primary account holders who are 17 to 23 years of age. The monthly maintenance fee waiver expires upon the primary account holder's 24th birthday. We will automatically begin to assess the monthly maintenance fee as of the primary account holder's 24th birthday.

3TD Bank Mobile Deposit is available to Customers with an active checking, savings or money market account and using a supported, internet-enabled iOS or Android device with a camera. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.

4Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number and an active unique e-mail address. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Transaction limitations apply.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

5Please refer to TD Bank Overdraft Protection and Services for information on available overdraft options.

6By clicking on this link you are leaving our website and entering a third-party website over which we have no control.

Third party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third party website before you provide personal or confidential information.

View the TD Convenience CheckingSM Account Guide.

*Offer valid June 1, 2021 through October 29, 2021 and is only available when opened during the timeframe notated and through a qualifying website or in a TD Bank Store. Checking offer is not available to existing TD Bank checking Customers, prior Customers who have had a TD Bank personal checking relationship within the preceding 12 months, or to Customers who received a bonus on a previous checking account at any time. The primary owner of the new personal checking account must be the person who supplies a Social Security Number for tax reporting purposes. To qualify for the $100 Bonus, eligible new personal checking customers must open a TD Convenience CheckingSM and complete 15 qualifying Visa® Debit Card purchases within 60 days of account opening. Qualifying Visa® Debit Card purchases are transactions that are made using a TD Visa® Debit Card to buy goods and services. Returns, other adjustments and ATM withdrawals do not qualify. Net qualifying purchases are determined in the sole discretion of TD Bank and must post to the new account within 60 days of account opening. Once the offer criterion is met for all qualifications outlined, the bonus will be credited into the new personal checking account no later than 140 days from the account opening date. Accounts must remain open, active, in good standing, and in a qualifying product type in order to receive the bonus. If the checking account is closed by the Customer or TD Bank within 6 months after the account opening date, TD Bank reserves the right to deduct the bonus amount from that account at closing. TD Bank may issue you an IRS Form 1099-MISC, or other appropriate forms reporting the value of the bonus. Offer may be withdrawn at any time and is subject to change. TD Bank Employees, existing TD Bank checking Customers and Canadian Cross-Border banking Customers are not eligible.

1TD Convenience CheckingSM monthly maintenance fee waived if the Primary account holder is 17 through 23 years of age. Upon the simpli banking login account holder's 24th birthday the account will be subject to the monthly maintenance fee unless the minimum daily balance is maintained.

2We will waive the monthly maintenance fee on one eligible TD Simple Savings account for eligible Customers upon Customer request for primary account holders who are 17 to 23 years of age. The monthly maintenance fee waiver expires upon the bank of america checking account for college students account holder's 24th birthday. We will automatically begin to assess the monthly maintenance fee as of the primary account holder's 24th birthday.

3TD Bank Mobile Deposit is available to Customers with an active checking, savings or money market account and using a supported, internet-enabled iOS or Android device with a camera. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.

4Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number and an active unique e-mail address. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Transaction limitations apply.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

5Please refer to TD Bank Overdraft Protection and Services for information on available overdraft options.

6By clicking on this link you are leaving our website and entering a third-party website over which we have no control.

Third party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third party website before you provide personal or confidential information.

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Источник: https://www.td.com/us/en/personal-banking/student-services/

10 Fee-Free Checking Accounts That Are Perfect for College Life (and Beyond)

Ready to start your journey?

  • Student bank accounts cater to students' need for fee-free banking.
  • These accounts typically have minimal requirements and provide flexible account access.
  • Student accounts at traditional banks convert to basic checking accounts after graduation.
  • Online banking services offer free accounts with perks that appeal to students.

Students typically have different financial needs during their college years than they'll have later in life. Their financial situation is relatively uncomplicated, but includes unique needs. For example, students may rely on low or no income, use frequent money transfers among friends and family, and visit ATMs often. They may also possess dual residency and share finances with their parents.

To accommodate these needs and help introduce students to personal money management, many banks offer checking accounts that cater specifically to students.

To help you find an account that fits your needs, this guide covers five of the best student checking accounts. The guide also details five popular online bank accounts for students and what to look for during your search for a student checking account.

Best Student Checking Accounts

Which bank has the best student checking accounts? Here are five student accounts offered by traditional banks and credit unions.

Online Bank Accounts for Students

Most online banks only offer one type of account, so they don't cater to students specifically. However, these accounts typically meet all the criteria that make for the best student bank accounts. An online bank account could be a solid option for students who need an account that can move and grow with them.

Features of a Good Student Checking Account

To accommodate your unique financial needs as a student, look for accounts that include:

Are Student Bank Accounts Worth It?

Student bank accounts at traditional banks tend to meet students' need for a fee-free account by stripping away banking perks like interest, bill pay, and checkbooks. Also, they often include financial education features and safeguards like no overdrafts.

Traditionally, these accounts are a good way for young students to get started managing their own money. A potential drawback is that these accounts typically convert into nonstudent accounts with fees and financial requirements once you're no longer a student.

Students can often get these same perks with fee-free online and mobile banking services. These services don't market specifically to students, but their features may meet students' unique needs. They can also grow with you after you leave school, without tacking on additional fees or requirements.


Feature Image: martin-dm / E+ / Getty Images

Compare your school options.

View the most relevant school for your interests and compare them by tuition, programs, acceptance rate, and other factors important to find your college home.

Источник: https://www.bestcolleges.com/blog/best-student-checking-accounts/

11 Best College Student Checking Accounts in 2021

If you’re a student (or parent) looking for a place to park your money without excessive fees or unrealistic balance requirements, check out the impressive array of low-cost, low-balance checking accounts available to students.

Some actively restrict membership to younger individuals, most often those between 17 and 23 or 24 years old. But others are not restricted based on age or student status — meaning you can hold onto them as long as you wish after graduating.

Best Student Checking Accounts for College Students

These are among the best FDIC-insured student checking accounts for U.S. bank and credit union account holders.

Most have low minimum deposit requirements and an impressive array of mobile-friendly capabilities, such as bill pay and peer-to-peer (P2P) transfer apps.


1. Bank of America Advantage Banking – $100 Bonus Offer

No monthly maintenance fee for Students under 25 enrolled in school or an educational or vocational program on select accounts

Bofa New Logo 7 22 20 150x82

Bank of America Advantage Banking bank of america checking account for college students a checking account with three settings: Advantage Bank of america checking account for college students, Advantage Plus, and Advantage Relationship.

Pick the one that works for you right now, and if your life changes — say, you graduate from college and land a decent-paying job — you can switch to another setting that fits the new you.

With no monthly maintenance fee for Students under 25 enrolled in school
or an educational or vocational program, Advantage SafeBalance and Advantage Plus are the best choices for college students.

Effective February 18, 2022 the student waiver will no longer be available to be applied to an Advantage Plus account.

For Advantage Plus accounts with a Student waiver applied prior to February 18, 2022 this monthly maintenance fee waiver will apply until the Student turns 25, ceases to be an owner of the account, or notifies us that they are no longer enrolled in school or an educational or vocational program.

See offer page for more details.

All Bank of America Advantage Banking settings include:

  • Easy, Anytime Access. Visit Bank of America at thousands of financial centers and ATMs.
  • 24/7 Security. Total Security Protection® and fraud monitoring. Safer sign-in, card locking features, and more.
  • Convenient Ways to Pay. Use your debit card or digital wallet.
  • Smart Money Management Tools. Set custom alerts and savings goals. Get cash-back deals and rewards customized for you.
  • Unauthorized Transactions. Bank of America’s $0 Liability Guarantee means you’re not liable for unauthorized transactions made using your consumer debit card, as long as you report them promptly.
  • Debit Card Controls. Lock a misplaced card quickly and easily to prevent unauthorized use.
  • Custom Alerts. Know now and react fast to important account changes. You can set custom alerts via email or text for things like a low balance, pending deposit, and upcoming bills.

Plus, Advantage SafeBalance charges no monthly maintenance fee for Students under 25 enrolled in school or an educational or vocational program.

For others, the monthly maintenance fee is waived in any statement cycle during which the account holder is enrolled in Bank of America’s Preferred Rewards program.

Bank of America, N.A. member FDIC.

Apply Now


2. TD Convenience Checking

Earn a $150 Account Opening Bonus With Qualifying Activities

td bank

TD Convenience Checkingis the best choice for students who meet two fairly common criteria: They want the convenience of robust mobile banking and the security offered by widespread branch and ATM access in a single package.

Unfortunately, they must also be based (or attend school) in the Northeastern U.S., where most TD Bank branches are.

Incidentally, with thousands of fee-free ATMs in Canada, TD Convenience Checking is suitable for U.S. students studying abroad there (or close enough to the border to visit regularly).

  • Account Opening Bonus: Open your account and receive direct deposits totaling $500 or more within 60 days to earn a $150 bonus.
  • Yield: None.
  • Minimum Deposit and Balance Requirements: There’s no minimum deposit requirement and no ongoing balance requirement for full-time students under age 24.
  • Rewards and Incentives: Enjoy no ATM fees at thousands of ATMs in the U.S. and Canada. Plus, pay no monthly maintenance fee on a linked TD Simple Savings account. The monthly maintenance fee is waived with a balance of $100 or more. TD Bank has some nice annual-fee-free credit card options too.

Learn More


3. Chase College Checking

Earn a $100 Account Opening Bonus With Qualifying Activities

Chase Bank Logo

TheChase College Checking account is a fantastic choice for students ready to manage their money without help from their parents.

Designed for students between 17 and 24 years of age, it waives monthly maintenance fees (or monthly service fees, typically $6 per month) for college students up to five consecutive years.

Convenient value-added features include the user-friendly Chase Mobile app, which pretty much eliminates the need to visit a branch, and instant P2P money transfers with Zelle.

And account holders never pay maintenance fees on linked Chase Savings accounts.

  • Account Opening Bonus: New Chase customers may qualify for a $100 account opening bonus after opening an account and completing qualifying activities.
  • Yield: None.
  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirement. After the five-year fee-free period ends, a $6 monthly maintenance fee applies during statement periods without one of the following: a direct deposit made to the account or an average day ending balance of $5,000 or more in the account.
  • Rewards and Incentives: Enjoy access to more than 16,000 Chase ATMs throughout the U.S.

Learn More


4. GO2bank

Go2bank Logo

Earn Up to 7% Cash Back When You Buy eGift Cards in the App1; 1% APY2 paid quarterly on Savings Up to $5,000

GO2bank is a consumer-friendly online bank account that has a very strong yield on savings balances: 1% APY2 on savings up to $5,000. Plus, account holders can earn up to 7% cash back on eligible electronic gift card purchases in the app.

To avoid the $5 monthly fee, set up eligible direct deposit. Don’t miss these other great perks and benefits as well:

  • Get paid up to two days early with ASAP Direct DepositTM3
  • Deposit cash at participating retail stores, subject to fees and deposit limits that may apply
  • Enjoy up to $200 in overdraft protection with opt in and eligible direct deposit

Overdrafts are paid at GO2bank’s discretion. Terms and conditions apply.

  • Yield: Earn 1% APY2 on savings up to $5,000.
  • Minimum Deposit and Balance Requirements: GO2bank has no minimum opening deposit or ongoing balance requirements.
  • Rewards and Incentives: Get paid up to two days early with ASAP Direct DepositTM3 and earn up to 7% cash back on eGift Card purchases made in the app (3% cash back on Amazon gift card purchases).
  • Possible Fees: A $15 fee may apply to each overdraft transaction not repaid within 24 hours of authorization of the first transaction that overdrafts the account. See other simple fees at GO2bank.com.

Learn More

1Active GO2bank account required to receive an eGift Card. eGift Card merchants subject to change

2GO2bank, Member FDIC. Interest paid quarterly on the average daily balance of savings during the quarter up to a $5,000 balance and if the account is in good standing. 1% Annual Percentage Yield (APY) as of January 2021. APY may change before or after you open an account. The average national savings account interest rate of 0.05% is determined by the FDIC as of 12/14/20. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more. Fees on your primary deposit account may reduce earnings on your savings account.

3Direct deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. The name and Social Security number on file with your employer or benefits provider must match your GO2bank account exactly or we will decline your deposit.


5. Chime Deposit Account

Chime Bank Account

Round Up the Change to Save Automatically

Chime is a user-friendly money management app that offers an early payday option for eligible deposit account (checking) customers whose employers file with the Federal Reserve to begin the direct deposit process.

If you’re a college student working part-time to make ends meet while in school, that’s doubtless a welcome perk.

Also not to be missed: an automatic savings feature that instantly rounds up the change on every debit card transaction and sets the difference aside for a rainy day.

  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest offers.
  • Yield: See Chime’s website for the latest rate information.
  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance.
  • Rewards and Incentives: With normal use, the Chime deposit account is virtually fee-free, though third-party ATM owners may charge fees beyond Chime’s control.

Learn More

Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.


6. HSBC Choice Checking

Hsbc Logo

Enjoy an Attractive Referral Bonus Offer

TheHSBC Choice Checking account has a slew of great perks for students of all ages, including up to $2,000 in referral bonus opportunities.

Pair your account with a maintenance fee-free HSBC Direct Savings account to maximize your return on deposited funds.

  • Account Opening Bonus: See HSBC’s website for the latest account opening bonus information.
  • Yield: None.
  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $25. There’s no ongoing balance requirement, but you do need to keep at least $1,500 in combined personal deposit account and investment balances or receive at least one recurring direct deposit each month to avoid the maintenance fee.
  • Rewards and Incentives: Take advantage of a suite of money management tools and insights from EverFi, an HSBC partner. Plus, get up to $2,000 when you refer friends who open a qualifying HSBC personal or business account.

Learn More


7. Capital One 360 MONEY

capital one logo

0.10% APY on All Balances

Capital One 360’s MONEY account is far and away the best choice on this list for high school students and parents looking to teach them lifelong money management habits.

As one of the few true teen checking accounts around, it can help students start financial adulthood off on the right foot.

A decent yield on all balances and no monthly maintenance fees — ever — further sweeten the deal.

  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest offers.
  • Yield: 0.10% APY on all balances.
  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirement.
  • Rewards and Incentives: Use the app’s Spendable and Set Aside categories to make (or encourage) smart spending and saving decisions.

Learn More


8. Ally Interest Checking

ally bank logo

Up to 0.25% APY on Eligible Balances

Like some of the other contenders on this list, theAlly Bank Interest Checking account isn’t strictly a student checking account.

But with no monthly maintenance fees, no minimums, thousands of in-network ATMs, and a decent yield on all balances, it’s an excellent starter account for students who don’t anticipate banking in-branch anytime soon.

  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest updates.
  • Yield: 0.10% APY on balances under $15,000 and 0.25% APY on balances of $15,000 or greater.
  • Minimum Deposit and Balance Requirements: There’s no ongoing minimum balance requirement or minimum deposit required.
  • Rewards and Incentives: Enjoy mobile check deposits with the mobile app and no ATM fees at nearly 40,000 machines in Ally’s U.S. ATM network. Transfer money by voice using the Ally skill for Amazon Alexa (or use Zelle, a more traditional P2P transfer option). And take comfort in the fact that Ally Bank never charges overdraft fees.

Learn More


9. SoFi Money

SoFi Review

Virtually No Fees; FDIC Insurance on Balances Up to $1.5 Million

SoFi Money is a virtually fee-free checking account (actually, a cash management account with FDIC insurance on balances up to $1.5 million). Its account opening bonus earns its keep as one of the best new bank promotions around.

And, if you have good credit and you’re shopping around for an affordable loan, don’t miss SoFi’s extensive credit product lineup: student loan refinancing, personal loans, home loans, and more.

  • Account Opening Bonus: Earn up to $100 when you open your account and complete qualifying activities. First, sign up for SoFi Money and add $100 to your account to earn a $25 account opening bonus. Set up a direct deposit of at least $500 into your new account to earn another $75 bonus. Terms apply.
  • Yield: See SoFi’s website for the latest yields.
  • Minimum Deposit and Balance Requirements: None.
  • Rewards and Incentives: Perks of SoFi membership include rate discounts on SoFi loans, customized financial planning, free P2P transfers, and exclusive offers from SoFi partners. Plus, take advantage of SoFi’s referral program, which pays up to $310 per successful referral.
  • Possible Fees: Virtually none. See SoFi Money’s account disclosures for more details.

Learn More


10. PNC Virtual Wallet Student

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3-in-1 Account Package for Short- and Long-Term Financial Needs

PNC Virtual Wallet Student is a student-friendly version of PNC’s popular Virtual Wallet package. It combines three subaccounts to help younger people manage short- and long-term financial needs in one place:

  • Spend, a primary checking account for day-to-day money management needs
  • Reserve, a cash set-aside for shorter-term financial goals and emergencies
  • Growth, a long-term savings account with a variable yield

The PNC Virtual Wallet Student student bank account package adds some benefits the “adult” PNC Virtual Wallet package lacks, including no monthly service charge, one complimentary incoming or outgoing domestic wire each month, and one courtesy overdraft per month.

Plus, new sign-ups are automatically enrolled in electronic statements and online banking.

PNC Virtual Wallet Student upgrades to PNC Virtual Wallet after six years, at which time it’s subject to Virtual Wallet features and fees then in effect.

  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest updates.
  • Yield: Yields on Growth balance vary with prevailing rates.
  • Minimum Deposit and Balance Requirements: There’s no ongoing minimum balance requirement or minimum deposit required.
  • Rewards and Incentives: Get up to two monthly ATM fee reimbursements at non-PNC ATMs.

Learn More


11. Discover Bank Cashback Checking

Discover Logo

Get 1% Cash Back on Up to $3,000 in Debit Card Purchases Each Month

Discover Bank Cashback Checking is a totally free checking account that delivers 1% cash back on up to $3,000 in eligible debit card purchases per month. That’s enough for $30 cash back monthly or $360 annually when maxed out.

And it’s just the beginning. While Discover Cashback Checking isn’t specifically marketed to students, it has a lot of features friendly to frugal learners. They include:

  • No minimum balance requirements
  • No fees for online bill pay, NSF transactions, bank checks or replacement debit cards
  • Fee-free access to more than 60,000 ATMs nationwide.

Plus, Discover Cashback Checking offers free overdrafts when you link your account to another Discover deposit account. 

  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest updates.
  • Yield: This account has no yield. 
  • Minimum Deposit and Balance Requirements: There are no monthly minimum account balance or activity requirements.
  • Rewards and Incentives: Qualifying Discover Cashback debit card purchases earn 1% cash back on up to $3,000 spent each month. This excludes transactions like P2P transfers, ATM transactions, and extra cash at the point of sale. Discover Bank Cashback Checking customers don’t pay ATM transaction fees. Checks and replacement debit cards are free too. 

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Final Word

Discounts and deals abound for frugal students who know where to look for them. It’s heartening to see so many financial institutions — large, small, and in-between — acknowledging that students need a break on banking fees and balance restrictions too.

Now that you’ve committed to investing in your economic future by pursuing a college degree, perhaps it’s time to step out of your parents’ financial shadow and open your first real bank account. You certainly have no shortage of options.

Источник: https://www.moneycrashers.com/best-college-student-checking-accounts/

10 Best Banks for College Students

With so many decisions forcollege studentsto make — from class schedules to where to live — making time to choose the right checking account can be daunting. Today, more than ever before, there are many banking options that are targeted specifically to young adults attending school. Banks­ and ­university credit unions are offering all kinds of perks to entice students to choose their financial institution, so it’s a smart idea to shop around before deciding which bank account is right for you.

For some, the stress-free benefit of not having to maintain a minimum balance is ideal; for others, being able to earn interest on the money sitting in theirchecking accountis alluring. Some students might prefer the one-stop shopping of a mega bank, and others might want the personalized service of a local credit union. The following 10 banks offer a variety of features — some unique and some pretty standard — but at the end of the day, the best student bank account depends largely on your needs.

Keep reading to find out more about these bank of america checking account for college students best banks for students:

Check Out: Best Banks for High School Students

Top 10 Banks for College Students

Before committing to a bank, check out the features and offerings of the best bank accounts that are geared toward college students. Here are the best banks for students in college.

Wells Fargo: Student Checking

If you’re bank of america checking account for college students college student between the ages of 17 and 24, you can enjoy major benefits from Wells Fargo’s Student Checking college bank account. This account has no monthly checking fees.

The Wells Fargo Campus Card doubles as your student ID, adding additional convenience and accessibility to campus privileges like meal plans, library books and building access.

Wells Fargo Cash Back College Card: 

  • No annual fee
  • 3 percent cash rewards for six months on purchases from gas stations, grocery stores and drugstores
  • 1 percent cash-back rewards on everything else
  • Cash-back rewards redeemable in $25 increments
  • Rewards eligible for savings account deposits, Wells Fargo credit, cash or check, or for travel, gift cards and more

Wells Fargo money management tools: 

  • Wells Fargo Mobile allows you to pay bills, send money and check your balance on smartphone or tablet.
  • Set mobile alerts to notify you of suspicious activity, low balances, payment due dates and more.

More: Wells Fargo Review: Is It the Right Bank for You?

USAA: Classic Checking for College Students

USAA’s Classic Checking for College Students account is a free checking account that’s truly free, making it one of the best student checking accounts. Account bank of america checking account for college students don’t have to pay amonthly service feeand there is no minimum balance requirement. Moreover, the College Checking account offers free direct deposits as well as free electronic transfers and bill payments. USAA also offers what could be one of the best credit cards for college students.

USAA Preferred Cash Rewards Visa Signature Card: 

  • Unlimited 1.5 percent cash back on every purchase
  • Rewards redeemable at any time from your mobile device or computer

USAA money management tools: 

  • 60,000 free ATMs in network
  • Can deposit checks via mobile app [email protected]
  • Apple Pay, Google Pay, Samsung Pay and Zelle capabilities

More: USAA Bank Review: Competitive Loan Rates for Military and Family

Regions Bank: LifeGreen Checking Account for Students

For students 25 years of age and younger, Regions Bank offers a LifeGreen Checking Account for Students with no monthly maintenance fee and just a $50 initial deposit. Keep in mind that once you turn 26, the account will automatically convert to the standard LifeGreen Checking account with all applicable fees.

One of the unique features of this student bank account is the Relationship Rewards program. You rack up rewards points each time you do certain banking activities, including using online bill pay, making deposits at ATMs and receiving monthly online statements.

Regions does not offer student credit cards.

Regions Bank money management tools: 

  • Insights by Regions has tools, tips and calculators to help you manage money, save for the future and track your spending
  • Mobile banking available

More: Regions Bank Review: Account Options for Every Need

SunTrust: Essential Checking for Students

Enjoy five years of no monthly maintenance fees with your Essential Checking for Students account, as long as you have proof of active enrollment in high school, college or a technical or trade school. The five years begins when you open the account; the student waiver cannot be retroactively applied to an existing checking account.

The SunTrust student checking account does not offer a credit card.

SunTrust money management tools: 

  • Online banking with bill pay
  • Account balance alerts available
  • Can send money with Zelle

Read: Newest SunTrust Promotions

Bank of America: Core Checking

Students who are under the age of 24 and enrolled in a high school, college, university or a vocational program don’t have to pay a monthly maintenance fee on their Core Checking account at Bank of America. With features like mobile banking, direct deposit, ATM cards with chip technology and FDIC backing, Bank of America is a solid choice for student banking.

Bank of America student credit cards: 

  • Bank of America Cash Rewards for Students: Gives account holders a 10 percent customer bonus for putting rewards into a Bank of America checking or savings account
  • Bank of America Travel Rewards for Students: Can earn unlimited points redeemable for statement credit for airline tickets, hotel stays, rentals cars and baggage fees
  • BankAmericard Credit Card for Students: 0% APR on your first 15 billing cycles and 14.74 to 24.74 percent thereafter

None of these cards charges an annual fee.

Bank of America money management tools: 

  • Online and mobile banking
  • Can lock and unlock your debit card from the mobile banking app if it gets lost or stolen
  • Can build savings automatically when you enroll in the Keep the Change savings program

Related: Bank of America Review: Is It the Right Bank for You?

U.S. Bank: Student Checking

Like many of the other student-oriented checking account options, U.S. Bank does not charge a monthly maintenance fee for its Student Checking account. In addition, U.S. Bank will waive up to four non-U.S. Bank ATM transactions per statement period.

U.S. Bank student credit cards: 

  • U.S. Bank Cash+ Visa Signature Card: 5 percent cash back on select purchases
  • U.S. Bank Cash 365 American Express Card: Unlimited 1.5 percent cash back on purchases
  • U.S. Bank Visa Platinum Card: 0% APR for first 20 billing cycles and south georgia state college pharmacy to 23.74 percent thereafter
  • U.S. Bank Secured Visa Card: To build or re-establish your credit

U.S. Bank money management tools: 

  • Free transactions at thousands of U.S. Bank ATMs
  • Free credit score access
  • Deposit checks via the mobile app

More: US Bank Review: In-Branch to Google Home Banking Options

Chase: Chase College Checking

Chase will waive the monthly service fees on your Chase College Checking account for up to five years while you’re in school. College students between the ages of 17 and 24 are eligible for the Chase College Checking account with proof of their status. Account holders also have access to a huge network of both ATMs and brick-and-mortar bank branches.

The Chase College Checking account does not offer a credit card.

Chase money management tools:

  • Alerts available for information on transactions and account balance
  • Mobile banking app for bill pay and money transfers

See: Chase Bank Review: Is It the Right Bank for You?

KeyBank: Key Student Checking Account

The Key Student Checking Account is open to students between the ages of 16 and 24. If you deposit a minimum of $200 or initiate at least five transactions, KeyBank will waive the $5 monthly maintenance fee on this account. KeyBank will also reimburse account holders up to $6 each month for any non-KeyBank ATM cash withdrawals.

The Key Student Checking Account does not offer a credit card.

KeyBank money management tools:

  • Can transfer funds between accounts, pay bills and make mobile deposits with online banking
  • KeyBank Debit Mastercard features chip security
  • Financial wellness tool can help you set goals and form healthy financial habits

See: KeyBank Review: Locations, Hours and Customer Service

PNC Bank: Virtual Wallet Student

For people with active student status, PNC Bank will waive the monthly service charge for Virtual Wallet Student account holders for up to six years. This checking account provides students a wide range of services like language interpretation, international wire transfers and a PNC Bank Visa debit card.

PNC Bank student credit cards

  • PNC Cash Rewards Visa: 4 percent cash back on gas, 3 percent cash back on dining, 2 percent cash back on groceries and 1 percent cash back on all other purchases
  • PNC Points Visa: Four points for every $1 spent on everyday purchases, and redeem points for gift cards, electronics and more
  • PNC Core Visa: 0% APR for first 15 billing cycles and 11.74 to 21.74 percent thereafter

None of these cards charge an annual fee.

PNC Bank money management tools: 

  • Online and mobile banking
  • Fee-free access to 9,000 PNC Bank ATMs

More: PNC Bank Review: Is It the Right Bank for You?

BB&T: Student Checking

BB&T Student Checking is designed for students 23 years of age and younger. With no minimum balance requirements and no monthly maintenance fees, this account takes the worry out of banking.

The BB&T Student Checking account does not offer a credit card.

BB&T money management tools: 

  • U by BB&T, the bank’s financial management tool, allows you to customize your online and mobile banking experience, monitor your accounts, pay bills, set budgets and track spending, and manage receipts
  • Mobile check deposit
  • Email and text alerts available

Related: BB&T Review: Range of Banking Products & Online Banking

More on Banking

Gabrielle Olya contributed to the reporting for this article.

GOBankingRatesis a personal finance and consumer interest rate website owned by ConsumerTrack, Inc.,an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

Источник: https://www.gobankingrates.com/banking/banks/best-banks-for-college-students/

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