What is the best bank for a college student?
I would go for one of the larger banks that is known nationwide such as Bank of America or Wells Fargo. Most banks will offer online bill paying, direct deposit (very important for those wanting to save money and time), student loans and free checking. As a young person starting out I would avoid getting all kinds of credit cards since that often leads to wild spending, high interest and high debt. For my CD's I found the smaller banks and credit unions will have the best rates. Right now I'm collecting over $300 a month in interest just off of my CD's at a nearby credit union. What a great, fun way to save! Good luck and have fun with it.
Which one? Bank of America or Chase (Checking & Savings)?
as far as the whole "Chase just shut down credit cards, etc.", JPM Chase is completely different on the lending side than they are from the retail side which offers checking and savings accounts even though they are part of the same company. Bank of America and Chase are very similiar, as far as charging for overdrafts (cannot quote actual fees since they can be different for different parts of the country). Basic savings accounts at both require a minimum of $300 in the account to avoid service charges, and there are basic checking accounts with both, as well as college/student checking accounts with different features and such. One thing i like about BofA being a Chase person myself, is that BofA has a variety of options for the look of your Debit card, and have many to pick from, while chase doesnt really offer anything in that aspect. other than that... both have many branches and ATMs nationwide, both have Next Day availability on deposits that consist of checks drawn on another bank, etc. There are some decent account descriptions on both sites, you may want to check them out, as all of the specifics for accounts are more detailed there.
Is Chase a good bank for college students?
I don't know a lot about Chase personally. But, I'll tell you that there's no reason to pay for identity theft security programs. As long as you report your credit card lost/stolen immediately, there is a $50 limit on your responsibility for any unauthorized charges. The same is NOT true for a debit card, unfortunately. If a debit card is stolen, they can clear your account out before you realize it. That's why a credit card is actually safer. You don't need a parent to go with you to open a savings/checking account. If your income is high enough (or if you're getting a secured card), you don't need them for a credit card either. If you don't have enough of an income, then you'll need them to co-sign to get a non-secured credit card.
Can my parents see my high school checking account purchases?
They have the right to look until you are 18 AND have had their names removed from your account. Nobody is calling them up to tell on you, but you probably get a bank statement at your house. They MAY look at it, and are entitled to do so while you are a minor. They CAN look at your online banking, or go get a statement from your bank of how you have spent your money.Some parents actually DO keep track of how their children spend money so that they can advise them about good saving or spending habits. Other parents do it because they are concerned about possible patterns that would show you are probably regularly buying drugs, or cigarettes. Some parents do it just because they are nosy. If you are unsure whether your parents are of the ‘respect the kid’s privacy’ type, or the ‘concerned about financial responsibility’ type, or the ‘paranoid about drug purchases’ type, you COULD ask them, but then they would probably look at your bank account, assuming you were spending money in a way they should know about, and you would prefer they did not.
Is it possible to open another checking account with an existing linked account at the same bank (Chase)?
I am currently a college student, and my checking account has been linked to my dad's since high school. I do not want to close or unlink this account, but I do want to open another account for transactions that I do not want him to see and then nag me about. Is this possible to do at the same bank, or is my only option to open a checking account at another bank? I want to open one at Wells Fargo which has a branch close to where I live, but they charge $3 a month even for the college account while Chase doesn't have a monthly fee as long as you're enrolled in college.
Which do you recommend: Wells Fargo, Chase, or SunTrust?
I am a student who will be starting college in the fall. These 3 banks are close to my school, and offer student checking accounts with no extra charge as long as I maintain it. I will be making appointments soon in order to get more information, but after a brief call their benefits all sound the same. I am very new to this, so I want to really do my research to make the best decision for me. Help me out? If it helps: I am not working now, but plan to start after I head over there. I don't want my parents to be account holders, but I do want them to be able to easily deposit money into my account. I want to open a savings account later on when I have enough of my own money. I am 18 years old. (Please tell me if I can put this in a more appropriate category)
How can I reopen my Wells Fargo account after they close it?
Every banker will swear up and down that it’s not possible to re-open a closed account if you ask, but it is possible, and I’ve seen it done under rare circumstances. The emphasis is on the “rare”, though, as there are a host of good reasons they would rather open a new account instead:The banker gets a “pack” for opening a new account that counts toward their sales goals and the store’s daily goals, but gets nothing for re-opening.A new account goes through verifications, and no one wants to be the manager who approves a re-opening for a customer that was on Chexsystems and then proceeds to defraud the bank.Re-opening can cause glitches and systems issues as the bank uses a lot of different computer systems that talk to each other and not all of them might recognize the open status at the same time.If you can convince the manager that the account was closed for an illegitimate reason and you absolutely need the account number to stay the same, you might have a shot, but I wouldn’t hold my breath. I think I’ve seen maybe 1 or 2 accounts re-opened in the 3 years I worked in retail banking.
Is having a savings account worth it?
We all pretty much have to have a checking or current account nowadays, but a separate savings account is not always necessary - it depends on your behaviour. Some points are relevant:Savings account(s) can be good for setting aside different pots of money for different purposes.Savings accounts tend to offer marginally higher rate of interest (although it’s all rather tiny at the moment).If you need the discipline of having your money in a savings account, rather than psychologically more accessible in your current/checking account.If you have larger sums of money, you shouldn’t keep them all in one bank - have a couple of accounts.Very long-term (20+ years), savings just about keep pace with inflation (that’s only if you get best interest rates and minimise taxes etc.), so likely to lose via inflation and huge opportunity cost of a saving account vs. investment.Sometimes cash is king - don’t invest too much money. Lots of cash puts a nice wedge between you and financial poverty. Cash can be deployed at favourable times.Hope that helps
Can I overdraft on my Higher One checking account?
Hello there. I am a representative with Higher One and I wanted to make sure you received an answer to your question. It sounds like you have chosen to open up a Higher One OneAccount. This is a checking account with no overdraft protection, which means that you cannot overdraft your account in most instances. Higher One doesn't issue any type of credit, so if you do not have the funds available in your account, you cannot spend them and the transaction would be rejected right at the point of sale. I hope this answers your question. Be sure to visit EasyHelp online to get answers to other questions.