Questions re: Bank accounts for students

CDN_dancer
Sat, 19 Apr 2008 17:41:41 +0000

I’m not really sure where this thread belongs…

I understand that the US doesn’t really have nationwide banks, so typically do college students open up a bank account in the city where they’re attending college but still maintain an account in their hometown? Do they just transfer their account to a bank in the city of their college?

I’m a Canadian student moving to the US in the fall, so I guess my situation is a little different than a US student simply moving to another city in the US. At this point I’m looking into possibly transferring my current account with a Canadian bank to say HSBC, which has branch locations in both my hometown and in Philadelphia, where I’ll be attending school. Of course there is still the issue of converting CAD to USD…but I’m thinking it’ll be easier within one bank, versus trying to transfer funds between different banks?

I will of course be discussing all this with my parents, but any advice from people who have experience with this would be appreciated =)