University Account: 4 Tips for Choosing a Bank Before College

-------------------------------------
-------------------------------------
  • offtocollege post - please share:
  • College comes with much independence. And with independence comes responsibility.

    If you’re a senior about to enter your first year of college, it’s important to get your finances in order and choose a bank so you can purchase new books, get lunch on campus, get loans, and take care of things like tuition and car insurance. Don’t know where to start?

    Here are four tips for choosing a bank before college:

    1. See What Your Current Bank Offers

    Whether or not you have a credit card, you probably have a bank account with some savings already. Talk with your bank and see what type of offers they have for students. Of course, it’ll be important to see if the bank has a branch near your school. This gives you additional access to help while you’re at college should something happen with one of your accounts.

    2. Look for Banks that Partner with Your College

    Many colleges partner with local banks to provide students with easy access to a suite of banking services. Some colleges even have small banks on campus and offer credit cards. Visit your school website and see if there’s any information about partner banks, but be mindful that campus-affiliated accounts may come with fees that can add up if students don’t use the accounts carefully. Be sure to talk to a bank representative about these types of accounts before signing up.

    3. Keep Additional Fees in Mind

    Smaller banks, like credit unions, offer great terms but can sometimes lack in features of larger banks. When choosing a bank, look for one an account with no monthly fee, no overdraft fees and a widely available network of automatic teller machines.

    4. Think about More than One Bank

    You don’t have to keep your savings and checking at one bank. Sometimes, students can get better rates if they mix things up and keep one account with one bank, and the other account with another bank. There are also online banks that offer online savings accounts with higher yields and lower minimum deposits—all while still giving you easy access to your money. If you’re okay with making online transfers regularly, this could be a good option for you as well.

    If you’re thinking about getting a university account, you’re taking on your new adult responsibilities head on! Just make sure to be aware of the many different accounts, fees, and payment structures that often come attached to student or campus-affiliated accounts. This way, you can remain confident that your money is in a safe place, you always have access to it, and you can pay for all the items you’ll need for your college experience.

    Off-to-College reference:

    FREE: college moving checklist

     
    $40.05Bestseller No. 1
    Acer Aspire 5 Slim Laptop, 15.6" Full HD IPS Display, AMD Ryzen 3 3200U, Vega 3 Graphics, 4GB DDR4, 128GB SSD, Backlit Keyboard, Windows 10 in S Mode, A515-43-R19L
    • AMD Ryzen 3 3200U Dual Core Processor (Up to 3.5GHz); 4GB DDR4 Memory; 128GB PCIe NVMe SSD
    • 15.6 inches Full HD (1920 x 1080) Widescreen LED backlit IPS Display; AMD Radeon Vega 3 Mobile Graphics
    • 1 USB 3.1 Gen 1 Port, 2 USB 2.0 Ports & 1 HDMI Port with HDCP support
    Bestseller No. 2
    Lenovo Flex 11 2-in-1 Convertible Laptop, 11.6 Inch HD Touchscreen Display, Intel Pentium Silver N5000 Processor, 4GB DDR4, 64 GB eMMC, Windows 10 in S mode, 81A70006US, Mineral Gray
    • POWERED BY INTEL: The Lenovo Flex 11 packs a punch with powerful Intel Pentium processing, 4 GB DDR4 memory and speedy 64GB of eMMC SSD storage
    • ON THE GO LAPTOP: Weighing in at just 2.75 lbs. and constructed with premium materials, this small, convertible laptop transitions seamlessly from work to play
    • VERSATILE CONNECTIVITY: With multiple ports including USB 3.0, Type-C, HDMI, and a 4-in-1 card reader, you'll be able to hook up your laptop computer to your existing...
    Bestseller No. 3
    2018 Acer 15.6' HD WLED Chromebook with 3x Faster WiFi Laptop Computer, Intel Celeron Core N3060 up to 2.48GHz, 4GB RAM, 16GB eMMC, 802.11ac WiFi, Bluetooth 4.2, USB 3.0, HDMI, Chrome OS
    334 Reviews
    2018 Acer 15.6" HD WLED Chromebook with 3x Faster WiFi Laptop Computer, Intel Celeron Core N3060 up to 2.48GHz, 4GB RAM, 16GB eMMC, 802.11ac WiFi, Bluetooth 4.2, USB 3.0, HDMI, Chrome OS
    • 15.6" 1366 x 768 HD resolution LED backlight display; Intel HD Graphics 400
    • Intel Celeron Dual-Core Processor N3060 (1.6GHz, Up to 2.48GHz)
    • 4GB LPDDR3, 16GB eMMC; No Optical Drive

    Last update on 2019-11-15 / Affiliate links / Images from Amazon Product Advertising API

    facebook linkedin pinterest

    Amazon Affiliate Disclosure: OfftoCollege.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The commission earnings are used to defray our cost of operation.

    View our FTC Disclosure for other affiliate information.

    Comments

    Time limit is exhausted. Please reload CAPTCHA.