Questions re: Bank accounts for students

jmmom
Sat, 19 Apr 2008 19:18:16 +0000

For most college students, I would say the bank with the handiest ATM (so you do not incur charges using “foreign” ATMs) is the right choice. So see what banks are on/near campus and convenient to you.

If your parents will be funding you in one or more ways (allowance, books, whatever), it is handy if you both have accounts at the same bank - makes transfers from them to you quite easy with a few mouse clicks. For that reason, we - like others - have BofA because it is our account and is convenient to S at school. But it is NOT everywhere.

If whatever bank your parents use (or you have in Canada) is not convenient to your school, that’s not a great problem. It’s pretty easy to transfer funds online via BillPay - although not as quick as within one bank.

You should be able to get a free account with a bank near your school. There will probably be more than one with a station set up during Orientation to court your business.