setting up accounts across country

bluebayou
Mon, 27 Dec 2004 16:32:55 +0000

If its a national bank, then opening and transferring an account is simple. But, check with the school to see what bank(s) is(are) local, and which are close to campus. National banks do not have a branch in Ithaca, NY, for example, or if they do, they branch is not within walking distance. You can then call the branch and explain your situation, and they can mail you the forms to complete to open a local checking account. Due to federal banking and security rules, however, you/she will likely need to be onsite to present ID to complete the process. Most college town banks have done this many times, and will not require a local state license.

If the funds are deposited to her west coast account in July, assuming you have signing authority on her account, you could wire the funds to her new account at school (wire fees ~$15) later in the summer. You’ll just need the account number and ABA routing number of her new east coast bank. If you don’t have signing authority, she can add you as a signer

Congrats on the big move.