Bank of America

EastGrad
Sat, 30 Jun 2018 03:48:26 +0000

My D chose to get a BoA account. There is a storefront right near the Coop. Gibby is right: students can survive without a local account, but it has been convenient a few times. For example, she received cash and checks for her birthday from indulgent grandparents, and she didn’t want to leave over $100 in cash in her dorm room, so she went to the brick-and-mortar bank and deposited the money. (This was a first for her.)

There are also TDBank (for sure) and Chase (I think) ATMs very close to the Square so students wouldn’t need to incur fees at those banks. There is also a Harvard credit union if I remember correctly. She uses our home address for her address, and the statements come to our home.

BoA does not have a presence in our town besides one inconveniently located ATM, but it has a pretty good online interface, and I have linked my checking account to her account and can transfer money to her immediately, but I don’t do this very often. She ('20) and her brother ('17) earn their own spending money.

This would be a great question for the CC Harvard Parents’ Thread! I encourage you to post these sorts of inquiries there so more people are able read the answers.