Student checking account
Economy is a savings bank, into which men drop pennies and get dollars in return. Similarly, student checking account proves to be beneficial for students, in managing their finances. student checking account helps student s in controlling their finances in a better way. The best feature of student checking account is building a credit score. student checking account teaches you worth of saving cash. Opening a student account is easy, with so many banks providing a checking account. But, different banks offer varied features in case of student checking account.
The basic features of student checking account include no balance, free deposit and card. Majority of banks offering student checking account have feature of no balance requirement. In a normal savings account, you need to have a minimum balance. But, with student checking account, there is no initial balance. Other feature is online access to checking account. In the internet age, online access to student checking account becomes convenient for student s. Direct deposit feature is offered by various banks in case of a checking account. Banks also provide with free check card in case of a checking account. But, card can be accessed through a minimum balance in the account. Some banks also provide with the overdraft feature in case of the account.
Banks offer varied types of student checking accounts. The basic two types of checking account s are individual and dual checking account. Individual checking account can be opened in the name of student. In case of individual checking account, there is no deposit or additional fees involved. Individual checking account is managed in case of daily expenses like studies and tuition fees. Dual checking account is opened in the name of a parent and student. This account is ideal for parents who wish to keep a tab on student expenses. In this case college, tuition and insurance expenses can be dealt with. Dual student checking account also offers free card in case of emergency expenses.
student checking accounts offered by banks:
Cambridge trust:
It offers zero balance in case of individual checking account. The checking account has no additional fees for term of college. There is no operation fee on the checking account offered by bank. The bank offers free checking account card, which is valid for all the Cambridge trust ATMS. The bank also offers twenty four hour assistance in case of problems regarding account. The account can be easily managed for daily expenses.
Go bank:
The best feature of this banks student checking account is online access. It records each payment transactions, and you can verify it instantly through online support. There are no additional charges or deposits in case of account. The bank offer free debit card in case of student checking account. You can use the card in case of all the expenses related to books and tuitions. You also apply online, in case of opening a new checking account.
student checking account helps students to handle their savings from an early age. It provides a sense of independence in terms with money.