Questions re: Bank accounts for students

mominva
Sat, 19 Apr 2008 21:54:57 +0000

I am not sure about how it would work internationally but consider that you parents do not need to have a branch in the hometown. They can create automatic transfers to your college account either as a direct payroll deposit (if they are co-owners on your account) or as a recurring transfer to an external bank.
We distributed our contribution to our kids’ accounts each of these ways. What worked best for us was distribution monthly on the day of their birthday.