As a student, managing your finances can be a challenging task. However, having the right bank account can make it much easier to handle your money. With so many options available, it can be overwhelming to choose the best student bank account for you. To help you make an informed decision, we have compiled a list of the best student bank accounts in 2022.
1. Chase College Checking Account:
Chase offers a College Checking Account that is specifically designed for students. This account has no monthly service fee for up to 5 years while you are in college. It also has a low minimum balance requirement and allows you to make mobile deposits, transfer money, and pay bills online. With access to over 16,000 ATMs and 4,700 branches, Chase provides convenient banking options for students.
2. Bank of America Advantage Banking:
Bank of America offers the Advantage Banking account for students with no monthly maintenance fee as long as you are enrolled in school. They also provide a wide range of features such as online and mobile banking, budgeting tools, and access to a network of ATMs. With the option to link your account to a savings account for overdraft protection, Bank of America makes it easy to manage your finances.
3. Wells Fargo Clear Access Banking:
Wells Fargo offers the Clear Access Banking account for students, which has no monthly service fee for those under 24 years old. This account provides access to online and mobile banking, mobile deposits, and alerts to help you stay on top of your finances. With a low minimum opening deposit requirement and no overdraft fees, Wells Fargo makes banking simple for students.
4. Discover Cashback Debit Account:
Discover provides a Cashback Debit Account for students that offers 1% cash back on up to $3,000 in debit card purchases each month. This account has no monthly fees and no minimum balance requirement, making it an attractive option for students looking to earn rewards while managing their money. With access to over 60,000 ATMs nationwide, Discover makes it easy to access your funds wherever you are.
5. Ally Bank Interest Checking Account:
Ally Bank offers an Interest Checking Account for students that provides competitive interest rates on your balance. This account has no monthly maintenance fees, no minimum balance requirements, and offers free online bill pay and mobile deposits. With access to over 43,000 ATMs nationwide, Ally Bank provides convenient banking options for students.
In conclusion, finding the best student bank account in 2022 depends on your individual needs and preferences. Consider factors such as fees, features, and accessibility when choosing a bank account that works for you. By selecting the right account, you can effectively manage your finances and make the most of your banking experience as a student.