<p>I can chime in on checking account - at least what we did and it works great. D has her own BofA account and W does have a BofA ATM on campus, but I opted to open her an account at my credit union that I put a monthly stipend into and can easily monitor. My credit union acct for her is a student acct and reimburses all ATM fees so that is not an issue.</p>
<p>BTW - I started out putting 200/mo in her acct and saw she was using practically none of it so at winter break, I bumped it down to 100/mo - she still barely touched it. They don’t spend much there and she went into Cambridge fairly often - just never shopped!!!</p>