<p>We just opened a checking account for our daughter at Sovereign/Santander. They have a branch in Wellesley Center, but the main reason we did this is because it was free. We have our account with Sovereign and have been very happy with them for years. I’m not all that concerned about the lack of Sovereign ATMs on campus because it’s easy to get cash back when making a small purchase. We’ll see how it goes for the first year and if she needs to switch to a different bank, we can take care of that next summer.</p>
<p>Honestly, my biggest concern isn’t where she’ll get cash, but how she’ll budget what she has! She’s a bit clueless about money, to the point where she was actually taking notes when the banker who opened her checking account for her was telling her the basics. I guess we screwed up this part of our children’s education!</p>