The 5 Best U.S. Bank Accounts for Students
Studying in the US is an exciting opportunity for most students. However, no matter whether you are a resident in the country or traveling from another country to study here, arranging the necessary finances is a significant factor that you will have to consider before landing at your dream university. Even then, there are ten different reasons for which you will need a bank account while staying in the country. Let us explore the different bank accounts for students that you can avail of today.
Different bank accounts for students
When choosing a bank account as a student, you should pay heed to various features and benefits that the bank offers. Some of the prominent ones to look out for are ATM charges, cash bonuses, overdraft protection, service fees, and more. Here are some of the student banks which might prove to be the right one for you.
Bank of America
Available under the name of Bank of America Advantage Banking, this account does not levy any monthly service fee. However, you will have to make a minimum deposit of $25 initially, and you are eligible if you are a student under the age of 24. Several perks with the account, including net banking, mobile banking, and 0 guarantee of liability, are available for the benefit of students.
Chase
You can open a bank account under the name of Chase College Checking Account with Chase for as low as $6 and an initial deposit of $25. As long as you can prove your student status, and are between the ages of 17 and 24, you can opt for this account. The bank rewards you with a $100 as soon as you open an account with qualifying activities. All the features of the bank are available through a mobile banking application.
Wells Fargo
You can open a student checking account with the bank for $10 on a monthly basis. With this account, you will get access to over 13,000 ATMs and 0 liability protection benefits. However, you will have to pay an initial deposit of $25 when opening the account.
HSBC USA
For up to six years, there is no need for any monthly maintenance charges here; however, you will have to deposit an initial amount of $25 while opening it. Students can avail of several benefits at the time of opening and using the account.
Santander
You can open a student value checking account with the bank at a zero-monthly fee. It is the most attractive feature for most students. There is a capping of minimum deposit at the time of opening the account amounting to $10. Students between the age of 14 and 25 are eligible to apply for a bank account. The bank also offers a reduction in the rate of ATM fees and waives off the fee associated with the incoming wire.
So, these are among the top banks that offer accounts for students that happen to be the best in the country.