Among all the things that have to be taken care of before students embark on the next big part of their lives, signing up for a student checking account might be one of the most important ones.

It’s not enough that parents and students have to worry about shower caddies and potential snoring-prone roommates, but there’s also the big issue of having regular and easy access to money once the student departs their home state for their next big adventure.

This is where the student checking account comes in.

What’s the Difference

Student checking accounts function exactly like regular checking accounts, but because they’re catered to students, they have extra built-in perks that encourage students to start their banking journeys early with a specific bank. For a lot of young people, starting a student checking account is the beginning of a lifelong relationship with a particular bank, and people usually end up staying with their first bank well into their adulthood even after they stop being students.

Financial Services

Student checking accounts are also important because college is usually the time in young people’s lives when they will be requiring the financial services of a bank, like needing access to money to that parents set aside for them during college.

Most banks offer student checking options. Student checking accounts typically come with fewer requirements than regular accounts that cater to customers who have a steady source of money or are able to maintain a high account balance.


Students are usually given account types that have no opening deposit requirements or accounts with maintenance fees can be easily waived.

In the next few articles, we share some advice on how to choose the best student checking accounts and what features to offers to look out for.

Did you enjoy this article? Yes No
Oops! What was wrong? Please let us know.

Ask a Question