When it comes to managing your finances as a student, finding the right checking account can make all the difference. At Responsible Economy, we understand the importance of financial independence for students. That’s why we’ve researched and compiled a list of the best student checking accounts available in the United States, all with no monthly fees. Whether you’re in high school, college, or a vocational program, these accounts are tailored to meet your needs without burdening you with unnecessary charges. Let’s dive into the top choices that can help you make the most of your money.
Best student checking accounts
In this section, we present a ranking with the main features offered by the best student checking accounts, and then we delve into the details of each account:
- It is very easy to avoid monthly commissions.
- Welcome bonus of 100 dollars fulfilling conditions.
- More than 16,000 ATMs in the United States.
- $25 minimum deposit.
- Very low interest rates.
- It is very easy to avoid monthly commissions.
- $0 welcome bonus.
- More than 70,000 ATMs in the United States.
- $0 minimum deposit.
- Very low interest rates.
- $0 fees up to 23 years old.
- $0 welcome bonus
- Two withdrawals free
- $0 minimum deposit
- Very low interest rates
- $0 Annual fees
- $0 welcome bonus
- ATMs free: BMO and Allpoints
- $0 minimum deposit
- Very low interest rates
- Easy to avoid monthly commissions
- $0 welcome bonus
- ATMs free: U.S. Bank
- $0 minimum deposit
- Very low interest rates
- Easy to avoid monthly commissions
- $0 welcome bonus
- ATMs free: TD Bank
- $0 minimum deposit
- Very low interest rates
- No monthly fees
- $0 welcome bonus
- More than 70,000 ATMs in the United States
- $0 minimum deposit
- High interest rates.
- It is very easy to avoid monthly commissions
- $0 welcome bonus
- fulfilling conditions
- More than 60,000 ATMs in the United States
- $25 minimum deposit ($0 online)
- Very low interest rates
- It is very easy to avoid monthly commissions
- No welcome bonus
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
Chase College Checking Account
Chase understands the unique financial journey of college students, which is why their College Checking℠ Account tops our list. With no minimum deposit required to open an account and a waived monthly service fee for up to five years, this account sets you up for financial success. To qualify, simply show proof of your student status at account opening. Plus, Chase offers a user-friendly mobile app, access to a vast ATM network, and even a chance to earn $100 as a new account holder.
Capital One Money Checking Account
Designed specifically for teens, the Capital One MONEY Checking Account offers a smooth introduction to banking. With no monthly fees for account holders aged 8 to 18, this account empowers young individuals to manage their finances responsibly. Parents can stay involved by setting up alerts and notifications, ensuring a safe and educational banking experience. The 0.10% APY on all balances provides an opportunity for your money to grow while you focus on your studies.
Discover Cashback Debit Account
Who said banking couldn’t be rewarding? With the Discover Cashback Debit Account, you can earn 1% cash back on up to $3,000 in debit card purchases each month. Imagine getting cash back for your everyday expenses as a student. This account combines convenience with a tangible benefit, allowing you to make the most of your spending. Plus, Discover’s commitment to excellent customer service ensures you’re supported whenever you need assistance.
Bank of America Advantage SafeBalance Banking
Saving money doesn’t have to be complicated, especially with the Bank of America Advantage SafeBalance Banking Account. This account offers a unique savings program called Keep the Change, rounding up your debit card purchases to help you save effortlessly. Whether you’re in high school, college, or a vocational program, the account is fee-free for eligible students under 24. If you’re looking to establish good saving habits while enjoying the convenience of mobile check deposits, this account is an excellent choice.
Frequent questions
Now, we’ll address all the questions you might have regarding the best student checking accounts:
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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