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- The CFPB says very few accounts charge no fees of any kind, so you should dig deeper into the fine print if a student account is marketed as "free" or "easy." Some banks will waive fees for students, so an account that normally charges fees could be free for you as long as you're in school. Once you graduate, the fees will kick in, however.
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- PNC Virtual Wallet Student: Best Budgeting Tools.
- Discover® Cashback Debit: Best for Cash Back.
- Alliant Credit Union High-Rate Checking: Best for ATM Access.
- Ally Bank Spending Account: Best for Overdraft-Friendly Bank.
- Chime: Best Overall
- Chase College Checking: Best Sign-Up Bonus
- Capital One Money: Best For Students Under 18
- Current: Best For Savings
- Bank of America: Best For Full-Service Banking
- Discover Cashback Debit: Best For During & After College
- How to Choose The Best Bank For College Students
- How to Open A Student Checking Account
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- Frequently Asked Questions
Chimewas launched with a mobile-first banking approach, and its mobile banking and zero maintenance fees make it a great option for students, allowing you to enjoy free mobile banking on the go. The bank doesn’t have any physical branches, operating fully virtually and offering all its banking services online. Their user-friendly mobile banking pla...
Chase offers a college checking account for college students between 17 and 24 years of age. Customers who open an account during college won’t need to pay any monthly maintenance fees for the first five years after opening the account. Once you graduate, you’ll need to pay a monthly fee of $6 unless you maintain an account balance of $5,000 or mor...
Capital One Money is an excellent banking account for students under 18, which can take you into your college years. You can open a Capital One Money account from as young as 8 years to help you save for college. For this account, the bank doesn’t charge a maintenance fee or have a minimum balance requirement. You also get a debit card that you can...
Currentdoesn’t have any brick-and-mortar locations. It operates completely virtually and allows customers to make deposits, process transactions, and manage their accounts with the mobile app, with cool features such as a budget and spending tracker. It’s great for college students looking for a solid interest rate for savings, easy access to their...
Bank of America’s Advantage Banking Program waives college students’ monthly account maintenance fees until they turn 25. There are also no overdraft or non-sufficient funds fees on student checking accounts: you just need to be enrolled in a high school, university, or vocational school to qualify. You’ll also have access to Bank of America’s larg...
Discover Cashback isn’t specially designed for students, but it’s an excellent choice for students over 18 who want to enjoy all the benefits of an account with a debit card. There’s no minimum balance, zero monthly maintenance fees, zero overdraft fees, and no hidden costs. You’ll also earn 1% cash back on all debit card purchases, up to $360 per ...
As a college student, you don’t necessarily need a student-specific account. However, choosing an account that is designed for college students can represent significant savings over the long term. Most students have little to no regular income or find that their income immediately goes to college tuition, fees, and living expenses. Therefore, it’s...
Opening a student bank account is essentially the same as opening a regular bank account, with the one key difference that you’ll need to prove that you’re a student. The exact requirements depend on the bank, but typically you’ll need to show your student ID, college acceptance letter, or academic transcripts. You’ll also need to provide a governm...
Choosing the best bank for college students can be a challenge, with so many features and criteria to consider. The accounts listed above offer a range of benefits to help students keep their expenses low and make it easier to manage their money. These features include waiving monthly maintenance and ATM fees, no minimum balance requirement, and ex...
Should you open a student bank account?
Student bank accounts are a great way to manage your money. The best student bank accounts offer a range of benefits to college students, including no fees, no minimum balance, and easy access to your cash. However, you don’t necessarily need to open a student-specific account, especially if you already have a good checking account that meets your needs. It’s simply a good idea to check out all the options and decide if a student checking account is a right choice for you.
What are the benefits of a student bank account?
Student bank accounts offer specific features and benefits that can make it easier to manage your money, as well as significant savings on fees. The best accounts offer features like no monthly maintenance fees, no ATM fees, zero overdraft, and no minimum balance or direct deposit requirements. Many also have additional perks like interest on the balance, sign-on bonuses, and rewards for using your debit card.
What happens to a college bank account after graduation?
Typically, your student account will be converted to a standard account once you graduate or reach a certain age limit. In some cases, you may need to open a new account and transfer your balance across. However, most banks want you to keep doing business with them, so they make this process pretty easy. At this point, you’ll continue to enjoy many of the benefits of having your bank account, but you’ll lose the student-specific perks.
3 days ago · The best bank accounts for college students have low or no minimum balance requirements. Many banks, including most of our top picks, let you open a checking or savings account with $0...
- Most college students benefit from using accounts that waive fees for students, such as Chase College Checking℠. It can also be convenient to use a...
- Ideally, a college student should open a bank account with no monthly service fees, ATM fees, or overdraft fees. It's great for college students to...
- You'll likely need to show proof you're a student, such as a student ID or acceptance letter. If the bank requires you to be under a specific age,...
- Brick-and-mortar banks typically waive monthly fees for students under a certain age — however, not all banks do this for regular accounts. With a...
- Most student bank accounts become regular accounts after a certain point. This may be when you graduate, when you turn a certain age, or after a ce...
Jun 26, 2023 · Best for College Students: Chase Bank College Checking Account. Open an Account. Why we chose it: Chase Bank’s College Checking Account is designed for students aged 17-24. It offers a $100 signup bonus, online banking and fee waivers for college students. Pros. $100 signup bonus. No minimum deposit. Eligibility up to age 24. Broad ATM availability
May 26, 2024 · Best Overall: Chase Bank College Checking Account. Best For High School Students: Capital One MONEY Account. Best For Encouraging Saving: Bank of America Advantage Banking. Best Fee-Free Account ...
2 days ago · Current offers both a free and premium version - but the free product is solid checking account that you should consider. It offers no minimum balance requirements, no overdraft fees, fee-free ATM withdrawals at over 40,000 ATMs, and 1x points for cash back!
Student bank account. A checking account that's marketed to college students. Youth bank account. A checking account that's intended for teenagers. Custodial account.
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related to: Should college students open a free bank account?Welcome to Huntington! Earn up to $600 new account bonus with required activities. See how. New to Huntington? Open a checking account and earn up to $600 bonus. Terms apply.
Get The Most From Your Account: Low Fees, Good Customer Support And Free ATMs Nearby. Browse Our Top Savings Account Recommendations And Customize Your Search For A New Bank.
Simple Terms, High Rewards, Stellar Service. See Details. Discover Bank, Member FDIC. Discover® Cashback Debit Card. No. Fees. Period. See Details. Discover Bank, Member FDIC.
