Student Checking Accounts

Student checking accounts are a wonderful tool for those just beginning to build credit history and continue their preparation for a lifetime of financial responsibility.  When you turn 18 years old, most banks will be happy to offer you an account to help kick-off your financial independence from your parents.


In general, like all checking accounts student checking accounts are transactional accounts. In conjunction with paper checks, ATM cards, and online banking features – customers are provided with accounts perfect for paying all of their bills. The depositor can use any of the above forms of payments (if offered by your bank) that are payable on demand.

Student checking accounts are similar in nature, but specifically designed to meet the financial needs of students. There are dozens of options to choose from when signing up for a student checking account and most of them have several things in common; which include:

  • The minimum age is 18 years
  • Free access to account balances (specifically online and many times via phone text messages)
  • Away to manage money

When researching student checking accounts, it is important to know your needs before opening. If your parents are going to make financial contributions to your account, then find a bank that can link the accounts together. If you are taking full financial responsibility for yourself, make sure to find an student checking account with the most benefits, like a free student checking account, that has little or no overdraft protection fees, banking minimums, or monthly service fees. The market is full with options so read all about it and choose wisely.

Say you already secured acceptance in your college of choice, organized your financial aid, secured on campus housing, gotten a part time job – now you need to open a student checking account so you can have a way to manage your expenses properly. So when the fall semester starts if you plan on being “the big person on campus” and part of achieving that goal is to hit the ground running – maybe having student checking account could do it.