College life is indeed the most colorful part of one’s live involving moving onto a new level of education, facing diverse tasks and getting a great number of opportunities to develop.
Most students for higher learning are required to manage their finances appropriately. This is where Digital Accounts for College Students solve the problem, functioning as easy to use and effective financial tools.
As students in the USA it is important that any digital account created is the best and as such in this post, we will look at five of the best digital accounts for college students.
Starting with low fees and continuing with easy to use layout and options all the way to mobile banking, these accounts give students the necessary equipment to better control their money.
The top 5 digital banking options for students
Selecting the right digital banking account has a huge difference on the way college students manage their money. In the modern world, students can manage their own money though the use of the internet and the utilization of gadgets like mobile phones to conduct their banking transactions.
Discover bank’s cashback debit account
College students for instance can opt for the Discover Bank that provides a Cashback Debit Account. This is the convenient accounts that students need: no monthly fees and minimal balance to be kept. Its main strength includes Debit Card Category: 1%, up to $3,000 per month cash back.
This account also offers a possibility to use more than sixty thousand no-fee ATMs throughout the country, which is rather advantageous for students who require cash. Also, the features of the Discover’s mobile application enable students to manage their account without any difficulty, a situation that will help the students to keep track of their spending as well as their balances.
Chase college checking account
Currently, Chase has a College Checking Account that is designed for college students of up to the age of 24. The only costs for these services for up to five years while in college is the cost of joining which attracts no monthly fees. This account entitles the students to use Chase mobile app that is acclaimed to be user friendly with all rounded services.
Using Chase, students can use numerous ATMs and branches, so consequently, they can easily contact the customer service department or complete the transactions that cannot be done through the Internet. The account also has displays for the budgeting and expenditure tracking for the students to ensure they are not financially strained.
Bank of America advantage SafeBalance Banking®
Being a checking account option, the Bank of America Advantage SafeBalance Banking® account does not allow more checks to be written than what is available in the account to minimize on overdraft fees among students. This can be particularly of great use for those learners who are still learning how to balance their budgets and who do not want to incur debts.
An added bonus, in addition to avoiding the monthly maintenance fee is that students become eligible for the bank’s services for free. Also, students obtain easy access to the vast network of ATMs and other services provided and promoted by Bank of America, such as financial management and budgeting applications.
More great opptions for student banking
While the aforementioned accounts are excellent choices, a couple more options also provide superb features for college students. These accounts focus on making banking simple and affordable, thus easing the financial pressures on students.
They offer benefits such as no monthly fees, user-friendly mobile applications, and useful features that cater specifically to the needs of college students. Here are two more digital accounts worth considering:
Ally Bank interest checking account
Another good offer for college students is an Ally Bank’s Interest Checking Account. This account pays interest on the checking balance, thus the students can earn from the balance they deposit.
Like other online-based institutions, Ally Bank does not charge monthly maintenance fees, and the account does not require minimum balances, which makes is perfect for students.
The mobile application is very user friendly and allows such processes as check deposits, money transfer, as well as budgetary processes. It also important to note that Ally Bank has a vast and convenient ATM network meaning students will not be charged further to withdraw their money.
Capital One 360 checking account
Also, in more detail, the selection of features that can be found in the Capital One’s 360 Checking Account is numerous, and predominantly beneficial for students. It has no maintenance fees and no minimum balance requirements, and it comes with one namely free, unlimited access to more than 39,000 Allpoint ATMs around the country.
This account comes with interest on the checking balance thus providing students with a little extra on their deposits. Capital One also offers a lot of educational material that would assist students in better money management.