setting up accounts across country

ellemenope
Wed, 29 Dec 2004 14:30:40 +0000

We (parents) bank at Bank of America on West Coast–D is going to school on East Coast. During the summer, she set up a B of A student bank account in CA (complete with no fees for 5 years, checks, ATM card and VISA card). ATM located close to campus is used to extract $$. She ordered new checks with her East Coast address on them once she got an address. Her bank statements come to our home address, but she accesses her bank statements on line so doesn’t really need the paper copy. She also pays her monthly bills online (basically the credit card).

She doesn’t write many checks at all–transactions with local merchants are either done with the debit card, credit card or cash. So local bank account hasn’t been a necessity.

Best thing I like about the B of A system is that I can transfer $$ directly into her account online–great way to make sure she gets her allowances on time.

Others from her school set up their B of A accounts on the move-in weekend. No fees for students. Parents wrote a check to fund the account that the bank would deposit on the following Monday. Didn’t seem to be a hassle–the banks are set up to take care of the same kind of “student problems” that occur every year.