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Whatever their financial situation, college students can profit from becoming checking account holders. Recognizing this, many financial institutions offer bank accounts specifically geared toward college students and, in some cases, highschool students.
Student bank accounts often have the identical basic structure because the institution’s typical offerings, with allowances for college students’ typically lower balances. Because students are still learning find out how to manage money and navigate their financial lives, these institutions may waive maintenance fees or minimum balances, offer free ATM withdrawals, and even provide budgeting apps or programs. These accounts are generally available to anyone enrolled at school full-time, although some accounts are age-limited as well.
Banking with the suitable institution could make a giant difference to a busy student. To assist students find the suitable fit for his or her personal financial situation, we’ve got compiled an inventory of one of the best student bank accounts, based on flexibility, convenience, and affordability.