Heading off to college is a big deal — you finally have freedom and with that freedom comes responsibility. You’ll learn how to manage your studies, social life, and finances. If you’ve never had a personal finance class in high school, or money lessons from your parents there might be a chance you don’t know how to manage a checking account. Here at DEXSTA, we have some tips to help you manage your college checking account!
Compare Checking Accounts
Most of your college activities will be on campus, but don’t be afraid to go off campus to find the right checking account. Consider all of your options by checking out a couple of banks and credit unions. Keep in mind that the closest one to campus might not be the best that fits your financial needs.
College Checking Account Rewards and Fees
When you’re comparing different institutions, make a list of features that matter to you. Maybe you’re busy with school activities, studying, working, and having fun, so having a checking account that is easy to access might be important to you. Also, you should consider the account fees. Accounts with high fees could eat into your savings which can be a serious problem, especially for students who don’t work full time. Here are some things to consider when choosing a college checking account:
- Online banking
- ATM usage
- Wire transfers
- Minimum balance
There are even some college checking accounts that pay you — that’s right pay you. For example, KASASA, through DEXSTA, has a Cash Back Checking Account that doesn’t charge you a monthly service and it actually pays you for making purchases with your debit card. Some other benefits include refunds on ATM fees, free debit card and online banking, and no minimum deposit to open! Finding a checking account with the right features for your lifestyle will help make banking easier.
DEXSTA | Checking Account
A checking account is an excellent introduction to independence and life on your own. When you manage your money well, you create a great foundation for your financial future. If you have questions about opening up a checking account in college, we are here to answer your questions. Stop into one of our branches, call, or visit us online!