10 Free Student Checking AccountsWhether you're in college or high school, you can find the best student bank account for everyday use. Here are 10 of the best student checking accounts.

10 Free Student Checking Accounts
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Along with shopping for bed linens, a mini-fridge and the perfect dry-erase board for a dorm room, a college student should do some shopping for something even more important: the best student bank account.

Whether you’re a high school or college student, the best student checking accounts have low or no fees, easy ATM access near your school and comprehensive online and mobile platforms so you can track your money on the go. GOBankingRates surveyed checking accounts to determine which ones are most student-friendly.

Each of the accounts that made the cut offers the following benefits for students:

  • Online and mobile banking
  • No monthly fee
  • No minimum balance required

If you’re looking for the best bank account for students, these financial institutions offer the 10 best free checking accounts:

Related: 10 Best Banks for College Students

Checking Account Min. Deposit Additional Perks How to Apply
navyfederal Navy Federal Credit Union Campus Checking $0 ATM fee rebates up to $10 per statement; monthly credited dividend earnings; free checks Learn More
bb&t logo BB&T Bank Student Checking $0 Free online statement and unlimited automated account info; 2 free customer service calls per month Learn More
td bank logo TD Bank Student Checking $0 Discount on first check order; discount on TD home loans; live customer service 24/7 Learn More
purdue federal credit union logo Purdue Federal Credit Union Free Student Checking $25 Bonus $5 per month for using your Visa debit card 30 or more times; custom account alerts Learn More
1st source bank logo 1st Source Bank e-Student Checking $15 10 free bill payments per month; 1 free overdraft fee refund per year; 3 free ATM withdrawals from other banks; ability for family to transfer or deposit money in account Learn More
usaa bank logo USAA Bank College Checking $25 Free use of 60,000  ATMs nationwide; free  transfers, bill payments and direct deposits Learn More
u.s. bank logo U.S. Bank Student Checking $25 Switch to free, online statements from paper to save $2; first check order free; free credit score access Learn More
santander bank logo Santander Bank Student Value Checking $10 Account waives monthly free of other Santander savings accounts; free eStatements; customize banking alerts from phone or computer Learn More
bank of america logo Bank of America Core Checking Account $25 No fee for using ATMs; $O liability guarantee; monthly maintenance fee waived for students Learn More
chase bank logo Chase Bank College Checking $25 16,000 ATMs and 5.200 branches; 24/7 customer service Learn More

For a closer look at the 10 best free student checking accounts, read on.

Navy Federal Credit Union Campus Checking

Minimum deposit: $0
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

Navy Federal Credit Union Campus Checking features no minimum opening deposit requirement or monthly fees for students from 14 to 24 years old, and the account earns dividends at a rate of 0.05% APY. To join Navy Federal Credit Union, you must be a current or former member or employee of the Department of Defense, the U.S. Coast Guard or the National Guard. You’re also eligible if a family member is already a member of Navy Federal Credit Union.

Students might find these Campus Checking benefits attractive:

  • Reimbursement of up to $10 per statement period for using ATMs outside of credit union’s 55,000-machine network
  • Free checks and debit card with each account
  • 0.05% APY interest rate

BB&T Student Checking

Minimum deposit: $0
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

BB&T Bank has branches in Texas and the Southeast U.S., and its student checking account is available for students who are 23 years and younger. The account comes with a BB&T debit card and a limited number of free, non-BB&T ATM transactions per statement cycle, depending on the state in which you reside.

Other benefits of the Student Checking account from BB&T include:

TD Bank Student Checking

Minimum deposit: $0
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

The TD Student Checking account is available for full-time students under the age of 24 and doesn’t require a minimum initial deposit to open. The account also comes with a free debit card and a discount on your first check order.

Students can benefit from other TD Bank perks like:

  • Discount on TD home loan
  • Free access to thousands of ATMs in the U.S. and Canada
  • Overdraft protection services available with transfer fees waived
  • Free online statements
  • 24/7 live customer service

Purdue Federal Credit Union Free Student Checking

Minimum deposit: $25
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

Open a Purdue Federal Credit Union Free Student Checking account and enjoy mobile check deposit, paperless statements, customizable account alerts and ability to use your account via Apple Pay. To become a member of the credit union, you must either attend Purdue University or be a business affiliate of the school. Getting started with this account is easy: Walk into a branch to sign up for Free Student Checking and you’ll walk out with your debit card.

Other details students can appreciate include:

  • Bonus of $5 per month just for using your Visa debit card 30 or more times per month
  • More than 30,000 charge-free ATMs and 4,000 nationwide branches

Learn: 21 Budgeting Tips for College Students

1st Source Bank e-Student Checking

Minimum deposit: $15
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

1st Source is an online bank that offers its e-Student Checking account to high school and college students between the ages of 16 and 24; the account has no monthly maintenance fees and no minimum balance requirements. Account holders get one free overdraft fee refunded every year and up to a $15 credit per month for ATM transactions they make at other banks. In addition, account holders can make 10 free bill payments per month.

This student checking account from 1st Source Bank also includes:

  • Ability for family members can transfer or deposit money into your account
  • Discounted rate on your first car loan
  • Free usage of Popmoney to pay people via text or email

USAA Bank College Checking

Minimum deposit: $25
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

In addition to offering 10 free, monthly withdrawals from its network of more than 60,000 ATMs, USAA will refund up to $15 for other U.S. banks’ ATM usage fees. This student checking account has no monthly service fees or minimum balance requirements. You’ll need to make a minimum $25 opening deposit for your USAA College Checking account, however.

The College Checking account from USAA Bank also provides:

  • Access to free mobile apps
  • Membership that’s open to current and former U.S. military members and their families
  • Membership that’s open to cadets and midshipmen at U.S. service academies, ROTC scholarship students and advanced ROTC members

U.S. Bank Student Checking

Minimum deposit: $25
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

The U.S. Bank Student Checking account is a fee-free option for students who choose to receive online statements — paper statements cost $2 each. Account holders can take advantage of ScoreBoard, a personal finance management tool that helps students budget and manage expenses.

Students with this U.S. Bank checking account also enjoy:

  • Free use of U.S. Bank ATMs
  • Four free transactions at non-U.S. Bank ATMs per statement cycle
  • Free box of checks
  • Access their credit score for free
  • Access to ScoreBoard, a budgeting tool

Santander Student Value Checking

Minimum deposit: $10
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

Santander offers its Student Value Checking to students between the ages of 16 and 25. Your account comes with no minimum balance requirements or monthly charges. You can also take advantage of free, online tools to help you manage your money. Account holders can opt for e-statements to avoid a $3 charge per paper statement.

With the Student Value Checking account, students can take advantage of other Santander benefits, including:

  • Customizable alerts
  • Waived fees for Santander Savings or Santander Money Market Savings accounts

Bank of America Core Checking

Minimum deposit: $25
Monthly fee: $0
Minimum balance to avoid service fee: $0
Online and mobile banking: Yes

Bank of America offers a simple checking account solution for students. For enrolled high school, college and vocational students under the age of 23, the account is free to use and comes with a free debit card. That card also comes with chip technology for added security, plus fraud monitoring. If you misplace your Bank of America debit card, you can easily lock it so it can’t be used, then unlock it when you find it.

The Core Checking account also provides:

  • Free use of Bank of America ATMs
  • Mobile check deposit capability
  • $0 liability guarantee for lost or stolen cards
  • Account alerts

See: 12 Best Budget Apps to Help You Save Money

Chase Bank College Checking

Minimum deposit: $25
Monthly fee: $0
Minimum balance to avoid service fee: $5,000
Online and mobile banking: Yes

You can open a Chase Bank College Checking account if you are between 17 and 24 years old and have proof of student status. You can also get the $6 monthly maintenance fee waived for up to five years as long as you are enrolled in college; you can avoid the fee after that if you have direct deposit or maintain an average daily balance of $5,000 or more.

The College Checking account also provides:

  • Free access to Chase Bank’s 16,000 ATMs and 5,200 branches
  • Ability to link a Chase savings account as backup for your checking account to help pay any overdraft transactions that might occur

Student Checking Perks

With so many good checking accounts available for students, it makes sound financial sense to take advantage of one if you’re in college or high school. Not only do most banks with free checking accounts offer lots of freebies — including no maintenance fees, online and mobile banking and low or no ATM fees — they can help you get used to taking care of your financial responsibilities now so that when you’re working full-time you’ll have your system down pat.

To determine the best free student checking accounts, GOBankingRates scored each checking account from most to least favorable for the following factors: (1) interest rate; (2) minimum deposit to open the checking account; (3) monthly maintenance fee; (3) minimum balance to avoid a fee; (4) ATM access; (5) access to online banking; (6) access to mobile banking; and (7) benefits for students. 

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.

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