Student Banking Considerations

There are a number of things you should think about before selecting a student bank account. The most important question to ask is if the bank is convenient. You will want an institution that is easy to make deposits and withdrawals between classes, especially in the case of an emergency.

Traditionally, students have chosen banks that are located on campus, so that they can easily visit the bank at their convenience. This has been the most logical choice for years - until now. Luckily, we live in an age where online banking is not only possible, but extremely safe and secure. Student banking online is easier then ever, enabling you to make transactions quickly from your laptop, and in between classes.

Online Checking Accounts

Online checking accounts are a great alternative to student credit cards and debt cards. With online checking, students can set up direct deposits with their employer, eliminating the need to cash their check at the bank. Parents can also link to their students online checking account, and deposit money in case of emergencies.

• ING Orange Checking Account - Many benefits including earning interest, overdraft protection, free bill pay, free ATMs, sending electronic checks, and more!
• Bank of Internet - High interest checking accounts for free, ATM reimbursement, free checks, free online bill pay, FDIC insured.

Online Savings Accounts

Savings accounts are also excellent products to be hosted online because of the increasing availability of higher interest bearing accounts. They also make sense, since most account holders want to keep their savings somewhat out of reach and discourage themselves from drawing upon the funds until they really need them.

To learn more, check out our dedicated page on savings accounts for students.

ScholarshipPoints members, here is your point code worth 15 entries into the free scholarship of your choice: STUDENTBANKER