15 US Banks Where Students Can Easily Open Accounts

As students begin managing their finances independently, selecting the right bank account is crucial. Many banks offer student-friendly accounts with features such as no monthly fees and easy online access. Here’s a comprehensive look at 15 US banks where students can easily open an account, along with their unique benefits:

1. Chase Bank
   • Account Overview: Chase provides the College Checking account, designed specifically for students aged 17-24. This account has no monthly service fee while you’re enrolled in school.
   • Additional Benefits: Access to over 16,000 ATMs nationwide, plus a comprehensive mobile app for convenient account management. Students can also benefit from Chase’s extensive branch network for in-person banking needs.
   • Unique Feature: Chase’s financial education resources help students learn about managing money effectively.
2. Bank of America
   • Account Overview: The Bank of America Advantage SafeBalance Banking account is tailored for students with no monthly fee.
   • Additional Benefits: Enjoy the convenience of online and mobile banking, along with access to a vast network of ATMs and branches. The account includes budgeting tools to help students manage their finances.
   • Unique Feature: Bank of America’s educational resources and tools support financial literacy for students.
3. Wells Fargo
   • Account Overview: Wells Fargo’s Clear Access Banking account is ideal for students, featuring no monthly service fees.
   • Additional Benefits: Access to thousands of ATMs and branches nationwide, plus robust online and mobile banking features. Students also benefit from the bank’s financial planning tools.
   • Unique Feature: Wells Fargo offers a range of resources and advice to help students build good financial habits.
4. Citibank
   • Account Overview: Citibank’s Citi Accelerate Savings account has no monthly fees and provides competitive interest rates.
   • Additional Benefits: Students can manage their accounts through Citibank’s advanced mobile app and gain access to a wide network of ATMs. The account also offers high-yield savings options.
   • Unique Feature: Citibank’s global presence supports students who may study abroad or travel frequently.
5. Capital One
   • Account Overview: Capital One’s 360 Checking account offers no monthly fees and no minimum balance requirements.
   • Additional Benefits: Includes free access to over 40,000 ATMs and a highly-rated mobile app for easy account management. Capital One also provides free overdraft protection options.
   • Unique Feature: Capital One’s budgeting tools and savings features are tailored to help students manage their finances effectively.
6. Discover Bank
   • Account Overview: Discover’s Cashback Debit account provides a unique advantage with cashback on everyday purchases.
   • Additional Benefits: No monthly fees, plus access to a nationwide network of ATMs. The account also offers no foreign transaction fees, making it ideal for students traveling abroad.
   • Unique Feature: Discover’s customer service is available 24/7 to assist students with their banking needs.
7. Ally Bank
   • Account Overview: Ally’s Interest Checking account stands out for its lack of monthly fees and competitive interest rates.
   • Additional Benefits: Enjoy 24/7 customer support and a highly-rated mobile app. Ally also offers online-only banking with no hidden fees or charges.
   • Unique Feature: Ally’s savings and investing tools help students plan for their financial future.
8. US Bank
   • Account Overview: The US Bank Student Checking account offers no monthly fees and access to a nationwide ATM network.
   • Additional Benefits: Students benefit from convenient mobile banking and digital tools to manage their finances. The account also includes free access to educational resources.
   • Unique Feature: US Bank’s financial education programs provide valuable insights into money management.
9. PNC Bank
   • Account Overview: PNC’s Virtual Wallet Student account combines a checking account with budgeting tools and savings features.
   • Additional Benefits: No monthly fee, access to PNC’s extensive ATM network, and a comprehensive online and mobile banking experience. The account includes financial planning tools designed for students.
   • Unique Feature: PNC’s Virtual Wallet helps students manage their finances with an integrated budgeting and savings tool.
10. TD Bank
    • Account Overview: TD Bank’s TD Simple Checking account is geared towards students with no monthly fee.
    • Additional Benefits: Includes a robust mobile app and access to TD Bank’s extensive ATM and branch network. The account also offers free online bill pay services.
    • Unique Feature: TD Bank’s customer support is known for its personalized service and extended hours.
11. SunTrust (Now Truist)
    • Account Overview: Truist’s Student Checking account, formerly SunTrust, offers no monthly fees and access to a wide network of ATMs.
    • Additional Benefits: Students benefit from advanced mobile banking tools and personalized customer service. Truist also provides financial education resources.
    • Unique Feature: Truist’s dedicated student banking team offers tailored advice and support.
12. HSBC
    • Account Overview: HSBC’s Choice Checking account is designed for students with no monthly service fees and access to a global ATM network.
    • Additional Benefits: Ideal for international students or frequent travelers, this account includes convenient online banking and mobile app features. HSBC also offers a range of currency exchange services.
    • Unique Feature: HSBC’s international presence supports students studying abroad or traveling.
13. Charles Schwab Bank
    • Account Overview: The Schwab Bank High Yield Investor Checking account offers no monthly fees and no foreign transaction fees.
    • Additional Benefits: Students can access a large ATM network and enjoy competitive interest rates on their checking balance. The account also provides free online banking and bill pay services.
    • Unique Feature: Schwab’s account includes no foreign transaction fees, making it perfect for international students.
14. Fifth Third Bank
    • Account Overview: Fifth Third’s Student Checking account has no monthly fee and offers access to a comprehensive mobile app.
    • Additional Benefits: Students benefit from Fifth Third’s large network of ATMs and branches, plus the bank’s financial literacy resources. The account includes budgeting tools to help manage finances.
    • Unique Feature: Fifth Third’s account includes free access to credit score monitoring and financial planning resources.
15. First Republic Bank
    • Account Overview: First Republic’s Student Checking account provides no monthly fees and personalized banking services.
    • Additional Benefits: Known for exceptional customer support, First Republic offers easy online and mobile banking. Students also benefit from tailored financial advice and services.
    • Unique Feature: First Republic provides a high level of personalized customer service, catering specifically to student needs.

These banks offer student-friendly accounts with features designed to meet the needs of young adults. By choosing an account that fits their lifestyle, students can enjoy a seamless banking experience while focusing on their academic and financial goals.