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Citibank student checking account review


citibank student checking account review

Citibank is a stable bank with many branches and a strong online presence – not to mention that their savings account interest rates are. We included deposit accounts (checking, savings, money market, certificates of deposit), credit cards, loans (personal, student, auto, home. Furthermore, there is no real requirements to maintain free checking at Axos. They have no monthly maintenance fees, no minimum balance.

: Citibank student checking account review

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Citibank student checking account review -

Citi Rewards+℠ Student Card

Overall card rating

3.5

from Credit Karma members

Member ratings

All member reviews (7)

Okay card for students

Credit Karma Member

It is a decent card for first time credit card owners. 2X points for grocieries and gas is nice, but not as good as cash back in my opinion. Main card features are super bare bones. Definelty look into other student credit cards like Discover or Chase Freedom Student, before applying for this one. I will defintly try to upgrade this card after I graduate college, like the Citi Double Cash card.

Credit Karma Member

This card is a above average card not the best but a 4 out of 5 star card especially if you use it for all your supermarket and gasoline purchases!

Not approved

Credit Karma Member

I thought I would try this card since I have a Chase Freedom card and I could use this just for school. I have a really good credit score and it said approval add are good. On filling out the application it said i wasn't approved. Like was that a joke. I have good credit so i would advise everyone not to waste time on this one.

Bullsh*t

Credit Karma Member

Was told very good approval odds with a 713 score. 0 dollar balance on 5 other cards, declined.

Applied and DENIED - with TU 680!

Credit Karma Member

denied. OMG my CS will get hard hits that is two cards no approval.

Didn???t get approved

Credit Karma Member

Credit Karma said I have good approval odds, and I am a student, but I did not get approved.

I got denies

Credit Karma Member

It said I had good approval odds but they denied me. 650 credit score going to school part time. Full time work in construction so I make good money. Sad they denied me but seriously?

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Источник: https://www.creditkarma.com/reviews/credit-card/single/id/CCCitiBank2002

Citi Promotions: $300, $700, $1,500 New Account Bonuses

Citi PromotionsLearn about new Citi promotions, bonuses, and offers here.

View the current promotions from Citi here. If you join today you can take advantage of checking and savings promotions and earn cash referring new members to Citi.

Table of Contents

  • 1 About Citi Promotions Review
    • 1.1 Citi $300, $700, $1,500 Citi Priority Account
    • 1.2 Citi $300, $700, $1,500 Citigold® Checking Bonus 
    • 1.3 Citi® Accelerate Savings 0.50% APY
    • 1.4 Citi $20-$2,000 Savings Bonus
    • 1.5 Citi Up To $2,000 Business Checking Bonus 
    • 1.6 Citi $200-$1,500 Checking/Savings Bonus (Targeted)
    • 1.7 Bottom Line 

About Citi Promotions Review

Citi was founded in 1812 as Citi Bank of New York but has since expanded nationwide and had locations in nearly every state. Furthermore, they have recently expanded their online banking service to reach everyone and make it easier to manage their accounts from anywhere. Citi checking accounts have some of the best accounts for low-fee ATM usage overseas.

While these promotions from Citi seem enticing, you can earn more money by also comparing them to our favorite bank offers across the US. Additionally, you may also find better rates from using our nationwide list of best Bank Rates and CD Rates.

*Compare Citi Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Wells Fargo, and more!*


Citi $300, $700, $1,500 Citi Priority Account

Citi is offering a promotion of a $300, $700, or $1,500 cash bonus when you open The Citi Priority Account with required activities.

  • Account Type: Citi Priority Account
  • Credit Inquiry: Soft Pull
  • Direct Deposit Requirement: No
  • Monthly Fee: $30, see below on how to avoid the fee.
  • Expiration: 01/04/2022

How To Earn The Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a Citi Priority Checking Account between 10/5/21 to 1/4/22 and earn a cash bonus of $300, $700, or $1,500 when you maintain a minimum eligible balance and complete required activities.
  • Deposit New-to-Citibank Funds into your new checking account within 20 days of account opening. The balance on your 20th day will determine your maximum eligible cash bonus.
  • Maintain the required Minimum Balance in your eligible account for an additional 60 days from the 21st day.
Cash BonusMinimum Deposit & Minimum Balance
$300$15,000 – $49,999
$700$50,000 – $199,999
$1,500$200,000+
  • Mobile Check Deposit
  • Online Banking
  • Free ATMs
  • In order to waive the $30 monthly service fee, you will need to maintain a combined average monthly balance of $50,000 or more in eligible linked deposits, retirement, and also investment balances.
  • “You cannot use a Citi Accelerate Savings Account or a Citi Savings Account to maintain your Balance as part of this offer and still be eligible to earn the Bonus.”
  • “The New to Citi Checking Cash Bonus Offer is a checking offer. Checking Accounts may only be used to fulfill the New to Citi Checking Cash Bonus Offer once per Offer Period. “
  • “Deposit New-to-Citibank Funds into your new checking account within 20 days of account opening. The balance on your 20th day will determine your maximum eligible cash bonus.”

Citi $300, $700, $1,500 Citigold® Checking Bonus 

Citi is offering a promotion of $300, $700, up to a $1,500 cash bonus when you open a Citigold® Checking Account with required activities.

  • Account Type: Citigold® Checking Account
  • Credit Inquiry: Soft Pull
  • Direct Deposit Requirement: No
  • Monthly Fee: See below
  • Expiration: 01/04/2022

How to Earn $1,500 Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a new Citigold® Checking Account and earn a cash bonus of $300, $700, or $1,500 when you maintain a minimum eligible balance and complete required activities.
  • Within 20 days of opening your account,  make the minimum deposit in New-to-Citi Funds in the new checking account.
  • Maintain a minimum balance in the checking account for 60 consecutive calendar days.
  • After all required activities are met, the $300, $700, or $1,500 bonus will be deposited to your open, eligible account within 90 calendar days.
Cash BonusMinimum Deposit & Minimum Balance
$300$15,000 – $49,999
$700$50,000 – $199,999
$1,500$200,000+

With Citigold you get:

  • Your own dedicated team, including a Citigold Relationship Manager for your banking needs, and a Citi Personal Wealth Management Wealth Advisor for investing strategies
  • Collaborative financial guidance with Citi Wealth Advisor, Citi Personal Wealth Management’s digital financial planning solution
  • Access to market insights and world-class investment capabilities, including Online/Mobile $2.95 equity trades with Citi Personal Wealth Management
  • Preferred pricing and rates on select products and services
  • Ability to earn the highest level of Citi ThankYou® Rewards Points offered for a checking relationship
  • No monthly service fee for Citigold. To remain a Citigold client, maintain a minimum combined average monthly balance of $200,000 in eligible linked deposit, retirement and investment accounts. There is no monthly service fee for accounts in The Citigold Account.
  • “Eligible Customers” must (1) not have been an owner or signer of a Citi consumer checking account within the last 180 calendar days, (2) be at least 18 years old and (3) furnish or have a valid Form W-9 or Form W-8BEN on file with Citi and are not subject to backup withholding. Existing Private Bank customers and International Personal Bank customers are not eligible for this offer.

Citi® Accelerate Savings 0.50% APY

Earn 0.50% APY with Citi® Accelerate Savings account. It’s known as “Citi® Accelerate Savings” and only available in select states.

  • Account Type: Citi® Accelerate Savings
  • Availability: Select markets (Bank Locator)
  • Soft/Hard Pull: Soft Pull
  • ChexSystems: Yes
  • Credit Card Funding:No
  • Monthly Fee: Yes, see below on how to waive
  • Closing Account Fee: None

How to Earn 0.50% APY

HOW TO EARN RATEACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a Citi® Accelerate Savings account
  • Input your info – Provide your name, address, phone, email and social security number or Tax ID.
  • Must also fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
  • Earn 0.50% APY with a $1 minimum balance. Earn over 12x the national average with one of their highest rates.
  • Receive high earnings without paying back in monthly fees
  • Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
  • Manage your accounts at your leisure from your computer, tablet or mobile device
  • All deposits are FDIC insured to the maximum amount allowed by the law
  • A monthly service fee of $4.50 and a $2.50 non-Citibank ATM fee apply to a Citi® Accelerate Savings account without a checking account in the Citi Elevate Account Package if an average monthly balance of $500 or more is not maintained.
  • Accounts which have a zero balance for ninety (90) days are subject to closure.
  • Interest rates for the Citi® Accelerate Savings Account are variable, determined by Citi at its sole discretion and can change at any time.
  • All accounts subject to applicable terms, fees, and charges. Fees may reduce earnings.

Citi $20-$2,000 Savings Bonus

Qualified customers who have received direct communication from Citi are able to take advantage of this current offer and earn up to a $2,000 bonus.

  • Account Type: Savings
  • Expiration Date: 01/4/2022
  • Opening Deposit: $10,000+
  • Monthly Fee: None

(Visit Citi to learn more)

Redeem The Bonus

REDEEM THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • To qualify to earn up to a $2,000 Cash Bonus, Eligible Customers must:

    • Enroll and open a new eligible Citi Savings Account by 09/30/2021.
    • With the required Minimum Deposit in New-to-Citi Funds within 30 days of account opening.
    • Keep the required Minimum Balance for 60 consecutive calendar days.
      • $10,000-$24,999: $20 bonus
      • $25,000-$49,000: $50 bonus
      • $50,000-$99,999: $100 bonus
      • $100,000-$249,000: $200 bonus
      • $250,000 – $499,999: $500 bonus
      • $500,000 – $999,999: $1,000 bonus
      • $1,000,000+: $2,000 bonus
    • Earn the corresponding cash bonus within 90 calendar days from the day you complete required activities.
  • Easy Access to Funds
  • FDIC Insured
  • Mobile Check Deposits
  • Top Tier Bank Perks
  • A monthly service fee of $25 and a $2.50 non-Citi ATM fee apply to the checking account in the Citi Account if a combined average monthly balance of $10,000 or more is not maintained.
  • A monthly service fee of $30 applies to the checking account in the Citi Priority Account if a combined average monthly balance of $50,000 or more is not maintained.
  • There is no monthly service fee for a checking account in the Citigold Account.
  • You are eligible for the Get Rewarded for Saving More Offer if you are at least 18 years old and a new or existing Citi customer. Only customers who open in a branch or use a residential address in NY, CT, NJ, DC, VA, MD or select markets in IL and FL when they apply for their new Citi Savings Account can qualify.
  • To be eligible for the bonus, U.S. persons must furnish or have a valid IRS Form W-9 (Request for Taxpayer Identification Number and Certification) on file with Citi and foreign individuals must furnish or have a valid IRS Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)) on file with Citi. Additionally, the account must not be subject to backup withholding.
  • Certain “Savings Accounts” are eligible for the Get Rewarded for Saving More Offer. Any Citi Savings Account opened during the Offer Period that you continue to own until the end of the Maintenance Period in the Citi Account, the Citi Priority Account, or the Citigold Account (including Citigold Private Client) can qualify for the Get Rewarded for Saving More Offer.
  • Citi Accelerate Savings Accounts do not qualify for this offer.
  • Savings Accounts that are living trust accounts and custodial accounts are eligible, but fiduciary, estate, business, retirement (IRAs, SEPs, CESAs, money purchase pension plans and profit sharing plans), and other trust accounts will not qualify for this offer.
    International Personal Bank customers are not eligible for this offer.

Citi Up To $2,000 Business Checking Bonus 

citi

$2,000 Business Checking Bonus

Citi is offering qualified business owners up to a $2,000 bonus when you open a new Business Checking Account.

  • Account Type: Business Checking
  • Opening Deposit: Deposit up to $200,000+
  • Monthly Fee: $15, see below

(Visit Citi to learn more)

For other business checking accounts, take a look at our Chase Business Checking ($300 Bonus), Huntington Unlimited Plus Business Checking ($750 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus).

Redeem The Bonus

REDEEM THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open an Account. Open a new CitiBusiness® (Analyzed), Streamlined, or Flexible Checking Account between October 1, 2021 and January 4, 2022
  • Fund Your Account. Within 30 days of account opening, make a qualifying deposit of $5,000 or more in New-to-Citi funds to qualifying accounts
    • $200 bonus with a $5,000 deposit
    • $500 bonus with a $15,000 deposit
    • $700 bonus with a $25,000 deposit
    • $1,000 bonus with a $50,000 deposit
    • $1,500 bonus with a $100,000 deposit
    • $2,000 bonus with a $200,000 deposit
  • Maintain Your Balance. Maintain that balance for 60 consecutive calendar days
  • Easy Access to Funds
  • FDIC Insured
  • Mobile Check Deposits
  • Top Tier Bank Perks
  • CitiBusiness®Streamlined Checking Account: monthly fee of $15 and is waived have an average monthly balance of $5,000 or more.
  • This New Small Business Checking Account Offer (the “Offer”) refers to the limited-time offer (described below) made only to New-to-Citi Customers. Only “New-to-Citi Customers” are eligible to participate in the Offer.
  • New-to-Citi customers do not have, and at any time during the 180 days immediately preceding the date on which they open a new CitiBusiness® (Analyzed), Streamlined or Flexible Checking Account did not have, a Citi business checking account.
  • Only customers of Citi Retail Business Banking are eligible to participate in the Offer.

Citi $200-$1,500 Checking/Savings Bonus (Targeted)

Earn $200-$1,500 bonuses when you open any of the eligible checking accounts!

Citi is offering a targeted promotions where new customers can earn between $200-$1,500 bonus when they open an eligible checking account with them.

Please keep in mind that this is a targeted offer, to be eligible make sure to check if you have received the targeted communication. Or check your email with the subject line:

‘ Exclusive offer for you, <name> – earn up to a $1,500 Cash Bonus, on top of all the great benefits you currently get as a Citi customer’

  • Account Type: Basic Banking, Citi Checking, Citi Priority Checking, CitiGold Checking
  • Availability: Select Markets, targeted
  • Direct Deposit Requirement: None
  • Hard/Soft Pull:Soft Pull
  • ChexSystem: Yes
  • Credit Card Funding:None
  • Monthly Fee: Varies by account; waivable.
  • Early account termination fee: None listed
  • Household limit: 1

(Visit Citi to learn more)

You can compare this to several great entry level Checking accounts with bonus offers include the Wells Fargo Everyday Checking ($200 bonus), Chase Total Checking® ($225 bonus), Discover Cash Back Debit (up to $360 Bonus), TD Bank Convenience CheckingSM ($150 bonus), PNC Bank Virtual Wallet ($400 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus).

How to Earn $200-$1,500 Checking Bonus

EARNING THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Basic Banking – Earn $200 when you open a new checking account in the Basic Banking and complete the following requirements:
    • Within 30 days of opening your account deposit $5,000 new-to-Citi funds into the new checking account.
    • Maintain a minimum balance of $5,000 for 60 days
  • Citi Checking Account –Earn $400 when you open a new checking and savings account in the Citi Account and complete the following requirements:
    • Within 30 days of opening your account deposit $15,000 new-to-Citi funds into the checking or savings account. Both checking & savings accounts need a non zero balance.
    • Maintain a minimum balance of $15,000 in your eligible linked checking and savings account for 60 days
  • Citi Priority Checking –Earn up to $1,500 when you open a new checking and savings account in the Citi Priority Account and complete the following requirements
    • Within 30 days of opening your account deposit $50,000 new-to-Citi funds into the checking or savings account. Both checking & savings accounts need a non zero balance.
    • Maintain a minimum balance of $50,000 in your eligible linked checking and savings account for 60 days
  • CitiGold Checking – Earn up to $1,500 when you open a new checking and savings account in the Citigold Account and complete the following requirements
    • Within 30 days of opening your account deposit $200,000 new-to-Citi funds into the checking or savings account. Both checking & savings accounts need a non zero balance.
    • Maintain a minimum balance of $200,000 in your eligible linked checking and savings account for 60 days
  • Open a checking account with no minimum opening deposit
  • Pay your bills online
  • Deposit checks from your mobile device
  • Settle up with friends using Citi with Zelle® – a fast and easy way to send and receive money
  • Easily move money between your Citi and non-Citi accounts
  • Set up balance and payment alerts
  • Get access to presale tickets and exclusive experiences for concerts, sports, dining and more with Citi EntertainmentSM using your Citi Debit Card or Citi® credit card
  • Add your Citi Debit Card to mobile wallets
  • Use over 60,000 fee-free ATMs throughout the U.S.
  • Access even more benefits, including the opportunity to enroll in Citi ThankYou® Rewards with an eligible checking
  • Citigold Account:This account does not have any monthly fees, but if you don’t maintain $200,000 in balances your account will convert to a Citi Priority Account.
  • Citi Priority Account: Fee increases to $30 and requires $50,000 in combined average monthly balances to remain fee free for the $600 bonus
  • Citi Account: The Citi Account needs $10,000 in combined average monthly balances to remain fee free. Otherwise, there is a $25 monthly fee.
  • Citi Basic Banking Account: The fee is waived on this account if you do any of the following:
    • Make one qualifying direct deposit per statement period and one qualifying bill payment per statement period or
    • Maintain a $1,500+ combined average monthly balance in eligible linked accounts
    • Fee also waived when first listed account owner is 62 or older.
  • If you enroll in multiple checking account or savings account offers during the Offer Period, the requirements of each offer must be met separately.”
  • “You cannot use a Citi Accelerate Savings Account or a Citi Savings Account to maintain your Balance as part of this offer and still be eligible to earn the Bonus. for priority checking”

Discover Savings Bonus



Bottom Line 

Lastly, Citi has several amazing promotions that are unique and worth the time. Unlike a majority of banks we write about, Citi is one of few that offers bonus travel miles as an incentive to open accounts. Additionally, they offer banking services in tiers based on your individual needs. Furthermore, Citi can be found in almost every state and offers online banking services that will help you manage your account from wherever you’d like.

Furthermore, your feedback is highly appreciated and makes our site even better! Also, if you have experience banking with Citi be sure to leave us a comment below.

*View our list of the latest Citi credit card offers and the complete guide to Citi ThankYou Rewards.*

Finally, check back often for the latest Citi promotions, bonuses, and offers!

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See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, Axos Bank, Discover Bank, Wells Fargo, and PNC Bank. See our best rates for Savings and CD.
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Discover Savings Bonus

Filed under: Bank Promotions, Citibank Promotions

Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

About Anthony Nguyen

Anthony Nguyen, founder of HustlerMoneyBlog.com, has a passion for finding the best deals, bank promotions, credit card offers, cash back, points & miles, and everything in between. Contact Anthony for media/advertising.

Источник: https://www.hustlermoneyblog.com/citibank-promotions/

$0

Minimum deposit to open

Details

APYN/A
Fee$6 per month
To waive the feeHave any ONE of the following:
• College enrollment for up to five years
• OR a direct deposit made to this account (Direct deposits can be an ACH credit, payroll, pension or government benefits such as Social Security)
• OR an average ending day balance of $5,000 or more in this account
Minimum deposit to open$0
Intro or bonus offerNew Chase customers can get a $100 signup bonus when they complete 10 qualifying transactions within 60 days of account opening.
ATMs16,000 Chase ATMs and more than 4,700 branches nationwide
ATM transaction fee$0
Out-of-network ATM fee$2.50 in the US or $5 outside the US
Foreign transaction fee3%
Overdraft fee$34
Nonsufficient funds fee$34
Cash
Check
  • Mobile/remote check deposit
Transfer
Avatar

Review by

Peter Carleton

[email protected]

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

The Chase College Checking account is best for college students between the ages of 17 and 24. It has a $100 sign-up bonus and no monthly maintenance fee as long as you’re actively enrolled in college.

But that’s where the features stop. While most student checking accounts reward you with interest or tools to help you better manage your money, Chase offers neither. The $100 sign-up bonus may be enough to lure you in, but you’ll likely earn more over time with a student checking account that earns interest.

The Chase College Checking account also isn’t ideal for students who plan to study abroad because there’s a 3% foreign transaction fee and out-of-network international ATMs have a $5 withdrawal fee.

Opening a Chase College Checking account can be done online or at a branch.

Follow these steps for applying online:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Chase website, click Checking accounts.
  3. Click the Students tab.
  4. Click Open now next to Chase College Checking.
  5. Fill in your personal information including your name, address and Social Security number.
  6. Proceed through each step and enter all required information, then click Next.
  7. Review and submit your application and make your initial deposit.

Eligibility

To qualify for the Chase College Checking account, you’ll need to meet these requirements:

  • Between the ages of 17 and 24
  • Enrolled in a college or university
  • Have a Social Security number or passport for foreign students

Required information

When applying for this checking account, be prepared to provide the following:

  • Name and contact information
  • Date of birth
  • Social Security number or passport for foreign students
  • Government-issued ID number
  • Proof of student status, including your acceptance letter, transcript or student ID
  • Income information

As the top bank in the US, Chase offers the security, services and customer support that you’d expect. This account, geared for students, sports standard features like free online bill pay, a Visa debit card, an user-friendly mobile app and these perks:

  • No minimum deposit requirements. Open this account with as little as $0.
  • Signup bonus. Get a $100 signup bonus as a new customer when you complete 10 qualifying transactions within 60 days of account opening.
  • Convenient deposits. Deposit money at branches, ATMs, by mail, online or through the bank’s mobile app using Chase QuickDeposit.

This account comes with a Visa debit card with access to the largest bank-owned ATM network, with over 16,000 across the country. While you won’t be charged fees at these locations, you will at non-Chase ATMs:

  • Domestic ATM fees. You’ll be charged $2.50 in the US, Puerto Rico and US Virgin Islands per inquiry, transfer or withdrawal — not including fees from the ATM owner.
  • International ATM fees. Look out for a $5 fee per withdrawal and a $2.50 fee per transfer or inquiry — not including fees from the ATM owner.

Despite having convenient deposit methods and an attractive sign-up bonus, the Chase College Checking account has these drawbacks:

  • Monthly fee. This account has a $6 monthly fee unless you get direct deposits, have a $5,000 minimum daily balance or are between the ages of 17 and 24 and can prove you’re enrolled in school.
  • Limited services. Although Chase has nearly 5,000 branches, it only operates in 28 states and Washington, DC.
  • No interest. Unlike some other student checking accounts, Chase College Checking doesn’t reward you for growing your balance.

If you prefer a checking account that earns interest, you’ll want to keep looking. As always, compare your options when looking for a checking account.

Case study: Dawn’s experience – April 2019

profile pic

Dawn Daniels
Associate Editor

Chase branches are everywhere in major cities, and their in-person customer service has always been stellar. But calling customer service when you can’t get to a branch leaves a lot to be desired. Last time I needed a new debit card, it took me over four months to get one — the bank sent me a card in the mail with no PIN and refused to send a PIN or give me one over the phone. I couldn’t get a working card until I was able to visit a branch.

I moved to a city shortly after, so it made sense to keep my Chase card. But if I ever move back to an area with no local branches, I’ll switch banks to avoid hours on the phone getting transferred between customer service agents.

Where does Chase have branches?

Chase has branches in the following states:

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Texas
  • Utah
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
Источник: https://www.finder.com/chase-college-checking-account

What is the Best Citibank Checking Account for College Students?

You’re about to head off to college, which means that you’ll have a lot of financial responsibilities that you’re likely to be dealing with for the first time.

On top of tuition, you’ll have to pay for food, rent, monthly bills, and, of course, entertainment. You might also get a job to help you cover all your expenses.

To do all of that, you’ll need a checking account.

Citibank is a popular bank that many people are familiar with, so you might decide to go to Citibank for your student checking account.

Unfortunately:

You’ll find that Citibank doesn’t have a dedicated student checking account and none of its other checking accounts offer perks for college students.

If you still want to get a checking account from Citibank, the best account for students to open is the Citibank Access Checking.

Citibank Access Checking

If you’re a college student and want to stick to Citibank, the Citibank Access Checking Account is probably the best option.

It has the easiest-to-avoid monthly fee and gives you all the features that you need in a checking account.

Monthly fees

The Citibank Access Checking Account charges a monthly fee of $10. This can be steep for a college student who is trying to live on a budget.

The good news is that the fee is easy to avoid. The fee will be automatically waived if you meet any of these requirements:

  • Maintain a balance of at least $1,500 in your Citibank accounts
  • Receive one direct deposit each month
  • Make one bill payment each month

If you’re working, sign up for direct deposits and you’ll never have to worry about a fee.

The amount of the direct deposit doesn’t matter, so don’t worry if you’re only working a few hours a week.

If you’re not working, you can still avoid the fee by signing up for automatic payments for a subscription service like Netflix or Spotify or to pay your utility or electricity bills.

Features

The Citibank Checking Account has the standard features that you need from a checking account.

You’ll get a debit card that you can use to make purchases and ATM withdrawals. You can also use the bank’s powerful mobile app to manage your money and to make transfers in and out of your account.

One thing to keep in mind is that the account does not offer paper checks. Few people use physical checks these days, so Citi omits them from its service to save on costs and clutter.

Other fees

As a student, there are two types of fees that you should be most worried about: ATM fees and overdraft fees.

Citibank Access Checking Account Fees

TypeFees
Monthly Maintenance Fee$10
Overdraft$34
Deposit Item Returned$10
Stop Payment$30
Wire Transfer: Domestic Outgoing$25
Wire Transfer: Domestic Outgoing online$18.75
ATM and Debit Card Fees: Non Citibank ATM$2.50

There is no fee if you use your debit card to make a withdrawal at an in-network ATM. Where you have to worry about fees is at out-of-network ATMs.

Citibank will levy a fee of $2.50 for every transaction you make at other banks’ ATMs.

This fee is on top of the fees that the ATM’s owner may charge, so you could easily pay $5 or more to make a withdrawal.

As far as overdraft fees go, the Citibank Access Checking account doesn’t charge any.

Why?

Citibank will never approve a transaction that will result in an overdraft, so you’ll never pay a fee. This can be nice, but if you’re in an emergency situation and need the flexibility that an overdraft can provide, you’ll be out of luck.

Consider an Online Checking Account

If you’re still unsure whether you want to open a Citibank checking account, you might want to consider opening an online checking account instead.

Online banks often offer some of the best deals in banking -- with checking accounts that have very low fees and useful features.

In fact, many online checking accounts simply charge no monthly fee at all. There’s no minimum balance to maintain and no hoops to jump through.

College students already have enough to worry about, so taking away the need to worry about avoiding bank fees is a good thing.

Other common features of online checking accounts are ATM fee reimbursements, free physical checks, and the chance to earn interest on your checking account balance.

What to Look for When Choosing a Student Checking Account

If you’re comparing multiple checking accounts and having trouble choosing the right one, these are the factors that you should try comparing.

ATM access

As a college student, you’ll probably out and about on a regular basis.

If you’re going out to restaurants or clubs, you’ll want to know that you can easily refill your wallet if you’re low on cash. That makes ATM access a priority.

There are a few different things to think about when considering the quality of your checking account’s ATM Access.

If you work with a national bank, you’ll probably have a lot of in-network ATMs in the areas that you visit, so you can just visit one of those.

Now:

Other banks, especially online banks, have smaller ATM networks. That can make it more difficult to find an ATM that you can use.

In that scenario, you’ll want to look to things like whether the bank charges additional fees for using an out-of-network ATM or if it will reimburse fees that ATM owners charge.

Monthly fees

Look:

Nobody wants to pay a fee to their bank, but high school and college students are notoriously strapped for cash on a regular basis.

Look for a bank account that doesn’t charge a monthly fee. If you do have to settle for an account that does charge a fee, make sure that it’s easy to meet the fee waiver requirements.

As a student maintaining a specific balance might be hard, so you might want to focus on accounts that waive their fees with a single deposit or a certain number of transactions.

Parental access

If you’re lucky enough to have parents who are helping support you through college, you’ll want to find a bank that will give your parents some level of access to the account. 

Look for a bank that has branches and ATMs near your college and near where your parents live.

If you make your parents joint accountholders with you, they’ll be able to add money to your account and you’ll be able to access it from school without a hitch.

Conclusion

The Citibank Access Checking account is a fine account for college students, but there are better options out there.

Most students will be better served by an online checking account that has no monthly fee and more flexible ATM access.

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Источник: https://www.mybanktracker.com

A guide to student bank accounts in the US

One of the biggest things that you will need to manage when you go to university in the US is your finances. Having a safe place to keep your money is one weight off your mind. There are many banks across the US, as well as different types of accounts. 

Whether you are an international or a domestic student in the US, it is worth checking out what bank accounts there are available for students. 

1. Choose a bank
There are many banks in the US, so the best way to narrow it down is to look at what the different banks are offering students (see our handy table, below). Some other points to consider when choosing a bank are: 

  • Monthly fees or service charges - though they’re sometimes waived for students, many bank accounts will have these. Charges often depend on the amount of money you transfer and the minimum amount you wish to keep in your account, so be sure to have in mind what you’ll be using your account for as you research. Some banks may have additional charges for things like paper statements.
  • Does the bank have an ATM nearby your campus? - If you use a different bank’s ATM to withdraw money from the bank you hold your account with, there is a possibility you will be charged for your withdrawal. It is likely that the bank that has ATMs on your campus may have some kind of affiliation with your university. 
  • Is a state bank or a national bank better? - It is advisable to open your bank account with a national bank such as Bank of America or Chase, rather than a state-specific bank, so that you can use ATMs located across the country if you are an international or an out-of-state student. However, if you are staying in-state to go to university then it may be worth sticking with your local bank, particularly if you already have an account with them. 
  • Does the FDIC insure the bank? -  It is wise to go with a bank secured by the Federal Deposit Insurance Corporation to make sure you receive still receive your funds in the unlikely event of a bank going under.

Studying in the United States

The cost of studying at a university in the United States
Scholarships available in the US for international students
In-state vs out-of-state US colleges
Nine things every student should know about studying in the United States
Best universities in the United States 


2. Choose an account

There are two different types of bank accounts in the US: a checking account and a savings account.

Checking account: a checking account allows you to deposit and withdraw money as often as you like. Usually when you open a checking account you receive a chequebook and a debit card. Most international students will only need to open a checking account to pay for their living costs while studying in the US.

Savings accounts: a savings account is a place to collect money over a longer term. Some students may consider opening one of these, if they are working or want to save money for travel or emergencies. 

Most banks have specific checking accounts for students, such as the Chase College Checking Account and the Santander Student Value Checking Account. 

3. Breakdown of bank accounts

There are hundreds of banks across the US, so it is worth doing some of your own research into the most suitable bank account for you. Here at THE Student, I've had a look around some of the major banks to see what they are offering students.

BankAccount nameMonthly feeExtras
Chase Chase College Checking Account$6 a month, but this is waived for up to five years of college enrolmentA $100 sign-up bonus (dependent on criteria), mobile banking app, online budgeting tool, quick online money transfer, $50 refer a friend scheme, student credit card (optional) 
Bank of AmericaBank of America SafeBalance banking$0 for students under 24 years oldMobile banking app, thousands of ATMs across the country, rounds up money into savings, no overdraft fees
Wells FargoStudent Checking Account$0 if aged between 17-24 years oldMobile banking and easy money transfers, thousands of ATMs, 24/7 fraud monitoring, Campus Card programme
HSBC USAInternational Student Account OR Student Checking Account$0 for six years 

Can connect to a HSBC account in your home country, mobile banking, easy money transfer across countries, $100 welcome deposit if new to HSBC (dependent on criteria), free 30-day Sim card

U.S. BankStudent Checking Account$0Four non-U.S. Bank ATM transactions per statement period, free personal checks, mobile banking, campus banking
TD BankTD Student Checking$0 if aged between 17-23 years old Mobile banking, thousands of ATMs across the country, $100 bonus (dependent on criteria), digital wallet
Capital One360 Checking Account$0Mobile banking, online bill pay, overdraft options, access to 40+ currencies and bank details to use as a local in certain countries
SantanderStudent Value Checking$0 for students aged between 14-15 years old, fee waived with one transaction per monthMobile banking, discounts on Santander savings accounts, no minimum balance, transfer money internationally

There are also banks that are state specific, such as the Bank of California, so it is always worth researching what your university state has on offer. There are also a number of online-only banks that offer great student bank accounts such as Ally, Simple and Chime. 

4. How to open a bank account

Although it is possible to open a bank account over the phone or online, if you are an international student it might be easier to open your account in person in case there are any complications. When you go to the bank to open your account you will need:

  • Your full name, home address, home telephone number, your campus telephone number and your college address
  • Your passport
  • An I-20 (certificate of eligibility for non-immigrant student status) or I-797 approval notice
  • Any secondary form of identification (such as your student ID card, birth certificate, driver’s license, or a letter from the international students and scholars office at your university)
  • A letter of acceptance from your university 
  • An amount of money to deposit into the account (this will vary between banks)

These requirements may be slightly different across banks, so make sure you check what your bank requires before heading over. 

Источник: https://www.timeshighereducation.com/student/advice/guide-student-bank-accounts-us

11 Best Credit Cards for College Students – Reviews & Comparison

Most college students have limited experience with credit cards and other forms of credit. Accordingly, their credit histories are often thin or nonexistent. Therefore, the single most important reason for students to apply for credit cards is to build a positive credit history.

Students keen on building credit quickly need to look for cards that report timely payments to one or more (ideally all three) consumer credit reporting bureaus, and then keep up their end of the bargain by making in-full, on-time payments.

Finding them isn’t as difficult as you might fear. You just have to know where to look.

Best Student Credit Cards

The best student credit cards generally have low fees, reasonable APRs, and perks that specifically appeal to college students. A few even have cash back programs that reward spending on gas, groceries, dining out, and other routine purchases.

Here’s a look at some of the best options on the market today.

1. Deserve EDU Student Credit Card

Unlimited 1% Cash Back; Free Year of Amazon Prime Student ($59 Value)

Deserve Edu

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The Deserve EDU Student Credit Card is a no-annual-fee student credit card that earns unlimited 1% cash back on all eligible purchases. It’s the only card on this list that comes with a one-year complimentary subscription to Amazon Prime for new cardholders who spend at least $500 in purchases in the first 3 billing cycles.

For students, a full-year Amazon Prime subscription (known as Amazon Prime Student) is worth $59. Make sure you maximize this perk by signing up for Amazon Prime Student and paying for a one-year membership – not a month-to-month membership — with your Deserve EDU Student Credit Card.

You’ll see the reimbursement for the annual subscription fee on your Deserve EDU Card’s billing statement after your free trial (if any) ends. Due to its higher month-to-month cost, electing to pay for Amazon Prime Student on a monthly basis earns just nine monthly reimbursements.

Deserve EDU’s underwriting process deserves special mention, too. Unlike most credit cards, it’s designed for first-time credit card users, including applicants without FICO scores or prior credit histories: groups disproportionately represented in the college student population. Deserve considers non-credit factors during underwriting, and its bank account verification process is a breeze. If you’ve ever applied for a Venmo or PayPal account, you know what to expect.

The Deserve EDU card has some other benefits worth noting, including a $100 off your first month when you sign up for a Feather furniture subscription using the promo code “DESERVE100” and a $10 statement credit when you pay for 3 consecutive monthly insurance statements with Lemonade, a next-generation homeowners’ and renters’ insurance solution.

  • Earning Rewards: All eligible purchases earn an unlimited 1% cash back. There’s no limit to your earning potential.
  • Redeeming Rewards: You can redeem cash back in any amount for statement credits, direct deposits into a linked bank account, and credits against Amazon purchases. You can also redeem for gift cards, merchandise, and other items, but redemption values for those options may vary.
  • Introductory APR: None.
  • Key Fees: This card has no annual fee or foreign transaction fees.
  • Other Perks: Beyond the complimentary one-year subscription to Amazon Prime Student with qualifying spend, this card has a slew of perks, including a generous cell phone protection policy worth up to $600 per claim.

See our Deserve EDU Student Credit Card Review for more information. Learn more about this card and find out how to apply here.

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2. Petal® 2 “Cash Back, No Fees” Visa® Credit Card

Innovative Underwriting Procedures; Up to 1.5% Cash Back

Petal 2 Floating Final Affiliate

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The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is not your typical student credit card, not least because it’s not specifically marketed to students. But, because it’s designed in part for users without significant credit histories — you can apply for this card with no credit score, in fact — it’s ideal for college students just starting out on the road to building credit. Petal reports to all three major consumer credit bureaus.

After establishing a pattern of timely repayments, you can earn up to 1.5% cash back with your Petal 2 Card — while avoiding fees commonly charged by other student cards, such as annual fees and foreign transaction fees. You may earn up to 10% cash back on purchases with select merchants, too.

Petal 2 stands out for other reasons, including:

  • A non-traditional underwriting process that makes the card ideal for first-time credit card users and those without FICO credit scores. Applicants without FICO scores are instead evaluated on the basis of non-credit factors, such as income. However, the Petal 2 Card is not for applicants with impaired credit.
  • Credit limits ranging from $300 to $10,000. This is higher than what’s typical for entry-level credit cards.
  • Lower APRs than most other entry-level credit cards. Keep in mind that it’s always better to pay your balance in full.
  • No fees. The Petal 2 Card doesn’t charge annual fees or foreign transaction fees, for instance.

The Petal 2 Card isn’t perfect, and it may not be for you. But if you’re looking for an entry-level credit card that doesn’t charge an annual fee, may consider non-credit factors, and offers cash back on everyday transactions, it’s worth a closer look. Again, remember that the Petal 2 Card is not for people with bad credit, nor those looking to rebuild damaged credit.

  • Sign-up Bonus: There’s presently no sign-up bonus. Check with Petal for up-to-date information about limited-time promotions.
  • Earning Rewards: The Petal 2 Card’s cash back program sets it apart from many other entry-level credit cards. Cardholders start out earning unlimited 1% cash back on all eligible purchases. After 12 monthly on-time payments, the cash back rate rises to 1.5% on all eligible purchases, where it remains indefinitely. Purchases with select Petal partner merchants earn 2% to 10% cash back.
  • Redeeming Rewards: Cash back doesn’t expire as long as your account remains open and in good standing. You can redeem in any amount for a statement credit and for paper checks once your cash back balance hits $20 (the minimum redemption check size is $20).
  • Key Fees: The Petal 2 Card does not charge any fees.
  • Introductory APR: None.
  • APR: The variable regular purchase APR ranges from 12.99% to 26.99%.
  • Other Perks: Petal’s mobile app makes it easy to manage your money, track your spending, and automate payments.

Learn more about this card and find out how to apply here.

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3. Capital One SavorOne Student Cash Rewards Credit Card

Up to 3% Cash Back on Select Purchases

Capital One Savorone Student Card Art 8 18 21

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The Capital One SavorOne Student Cash Rewards Credit Card is the student version of the Capital One SavorOne Cash Rewards Credit Card. Other than a missing early spend bonus, it’s basically identical to its grown-up sibling, right down to the temporary (but long-duration, through March 2023) 8% cash back earnings on eligible Vivid Seats purchases.

SavorOne Student delivers an impressive cash back return on a wide range of spending: 3% back (unlimited) on grocery store purchases (excluding Walmart and Target purchases), dining purchases, entertainment purchases, and purchases with popular streaming services. What’s not to like?

  • Early Spend Bonus: There’s currently no early spend bonus.
  • Rewards and Redemption: Earn unlimited 3% cash back on dining purchases, entertainment purchases, purchases with popular streaming services, and grocery store purchases (excluding purchases at Target and Walmart). Earn 1% cash back on most other purchases, except 8% cash back on purchases with Vivid Seats through March 2023.
  • Key Fees: There’s no annual fee or foreign transaction fee.
  • Introductory APR: None.
  • Other Perks: Use your card responsibly and pay your bill on time to be considered for a credit line increase in as little as 6 months after opening your account.

Learn more about this card and find out how to apply here.

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4. Capital One Quicksilver Student Cash Rewards Credit Card

1.5% Cash Back on All Eligible Purchases

Capital One Quicksilver Student Card Art 8 18 21

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The Capital One Quicksilver Student Cash Rewards Credit Card is the student version of the ever-popular Capital One Quicksilver Cash Rewards Credit Card. Like its “parent,” it delivers unlimited cash back at a flat rate of 1.5% on all eligible purchases, with no caps or restrictions, and has no annual fee or foreign transaction fee.

This is a solid first credit card for any student. And, like SavorOne Student, Capital One automatically considers cardholders for credit line increases in as little as 6 months. They just need to prove that they can play their cards right, so to speak.

  • Early Spend Bonus: There’s currently no bonus for new cardholders.
  • Rewards and Redemption: Earn unlimited 1.5% cash back on every purchase, every day, with no caps or restrictions on how much you can earn.
  • Key Fees: There’s no annual fee or foreign transaction fee.
  • Introductory APR: None.
  • Other Perks: With responsible card use and on-time payments, you could be considered for a credit line increase in as little as 6 months after opening your account.

Learn more about this card and find out how to apply here.

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5. Jasper Mastercard

Earn Cash Back After 3 Consecutive On-Time Payments

Jasper Mastercard Card Art 8 18 21

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The Jasper Mastercard is another fantastic entry-level card that, while not marketed specifically for students, is an ideal credit-building choice for learners of any age. With no credit history required to apply if you don’t already have one, lenient underwriting requirements for applicants with fair credit, and no security deposit required, Jasper has a lot going for it. And, though it doesn’t have an official rewards program, it does offer the same perks you’d get with a premium Mastercard product.

  • Sign-up Bonus: There’s currently no sign-up bonus. Check back for the latest offers.
  • Rewards and Redemption: After three consecutive on-time payments, receive cash back automatically as a statement credit as long as your account is in good standing. You can earn up to 6% cash back by referring friends. Terms apply.
  • Key Fees: There’s no annual fee.
  • Introductory APR: None.
  • Other Perks: Enjoy a credit limit as high as $5,000 with no security deposit required. Plus, take advantage of all the perks of a premium Mastercard without the stringent underwriting requirements.

Learn more about this card and find out how to apply here.

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6. Citi® Secured Mastercard®

Reasonable APR and Fees; Relatively High Credit Limit; Good for Students With Poor Credit

Citi Secured Mastercard 12 4 19

Citi Secured Mastercard is another secured credit card with benefits for students — and, with no annual fee, it’s pretty cost effective.

Before you can use this card, you need to first make a deposit of as little as $200 or as much as $2,500, subject to credit approval. That deposit is equal to your credit limit and can’t be credited against your purchases. If you exhibit timely payment patterns for 18 months, Citi may return your deposit and allow you to continue using your card as an unsecured, “normal” credit card.

Citi Secured Mastercard has relatively lax credit approval standards. If you have poor or spotty credit, this is probably the best student card for you. And because Citi automatically reports your payment patterns to the 3 major consumer credit reporting bureaus, it’s also a great card for building credit. If you make timely payments, your credit score is likely to rise over time.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Rewards andRedemption: This card has no rewards program.
  • Key Fees: There is no annual fee. Foreign transactions cost 3%.
  • Introductory APR: There’s no introductory APR.
  • Other Perks: This card’s perks are similar to the Citi Rewards+ Student Card‘s, including Citi Private Pass.

See our Citi Secured Mastercard Review for more information. Learn more about this card and find out how to apply here.

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7. Credit One Bank® Unsecured Visa® With Cash Back Rewards Card

1% Cash Back on Eligible Purchases; Good for Rebuilding Credit

Credit One Bank Platinum Visa Unsecured Card Art

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The Credit One Bank® Unsecured Visa® With Cash Back Rewards Card is a surprisingly generous cash back credit card for folks with poor credit, including those in the process of rebuilding credit. This makes it appropriate for students of any age looking to get their finances back on track while working toward degrees or certifications.

The biggest drawbacks here are the possibility of an annual fee and a relatively low credit limit to start. But you’ll automatically be considered for credit line increases with responsible card use and timely repayments.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Rewards andRedemption: Earn 1% cash back on eligible purchases. Rewards post automatically to your account each month.
  • Key Fees: The annual fee ranges from $0 to $99, depending on your creditworthiness and other factors. See terms and conditions statement for additional fees.
  • Introductory APR: None.
  • Other Perks: Enjoy complimentary travel accident and auto rental collision insurance coverage underwritten by Visa. Plus, Credit One Bank automatically considers cardholders in good standing for credit line increases.

See our Credit One Bank® Unsecured Visa® With Cash Back Rewards Card Review for more information. Learn more about this card and find out how to apply here.

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8. Credit One Bank® Platinum Visa® Card

Unsecured Card for Applicants With Fair Credit; Opportunity to Earn 1% Cash Back on Eligible Purchases

Credit One Unsecured With Cash Back Card Art

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The Credit One Bank® Platinum Visa® Card is a lot like its stablemate, the Credit One Bank® Unsecured Visa® With Cash Back Rewards Card. Like the latter, Credit One Bank Platinum offers qualified applicants the opportunity to earn 1% cash back and is an excellent choice for those in the midst of rebuilding credit (though it’s not for applicants with poor or limited credit). Monitor your credit score on the go with the Credit One Bank app, but mind the annual fee, which can range up to $99.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Rewards andRedemption: Qualified applicants enjoy 1% cash back on all eligible purchases. Terms apply.
  • Key Fees: The annual fee ranges from $0 to $99, depending on your creditworthiness and other factors. Other fees may apply; see terms and conditions.
  • Introductory APR: None.
  • Other Perks: View updates to your Experian credit score with account access; terms apply.

Learn more about this card and find out how to apply here.

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9. Milestone® Gold Mastercard®

Great Card for Rebuilding Credit; Easy Application Process

Milestone Gold Mastercard Card Art

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The Milestone® Gold Mastercard® is another entry-level unsecured credit card that’s great for students looking to rebuild their credit.

Though it’s not appropriate for new-to-credit applicants and those with poor credit, Milestone Gold has relatively relaxed underwriting standards that speak to students of all ages and income levels. Plus, the application process couldn’t be easier, thanks to quick pre-qualification with no impact on your credit score. Watch out for the unavoidable annual fee, unquestionably this card’s biggest drawback.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Rewards andRedemption: This card does not have a rewards program.
  • Key Fees: The annual fee ranges from $35 to $99, depending on your creditworthiness and other factors. Other fees may apply as well. See terms and conditions.
  • Introductory APR: None.
  • Other Perks: Enjoy quick pre-qualification with no impact to your credit score.

Learn more about this card and find out how to apply here.

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10. Indigo® Platinum Mastercard®

Great Card for Rebuilding Credit; No Security Deposit Required

Indigo Platinum Mastercard Card Art

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The Indigo® Platinum Mastercard® is a great credit-building tool for students and graduates eager to bounce back from credit setbacks. With no security deposit required and an easy-peasy application process, Indigo Platinum really shines in the credit-building space. Like some comparable cards, it does reserve the right to charge an annual fee, creditworthiness depending.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Rewards andRedemption: This card does not have a rewards program.
  • Key Fees: The annual fee ranges from $0 to $99, depending on your creditworthiness and other factors. See terms and conditions for a comprehensive list of card fees.
  • Introductory APR: None.
  • Other Perks: Enjoy a free custom card design and rapid pre-qualification with no impact to your credit score.

Learn more about this card and find out how to apply here.

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11. Indigo® Unsecured Mastercard®

Great Card for Students With Impaired Credit; No Security Deposit Required

Indigo Unsecured Mastercard Card Art

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Not sure your credit qualifies you for the Indigo Platinum Mastercard? No problem. Set your sights on the Indigo® Unsecured Mastercard® instead. This entry-level unsecured credit card is specifically designed for people with bad credit, including students in the process of building or rebuilding their credit. Though it does reserve the right to levy an annual fee (up to $99, depending on creditworthiness), it doesn’t require a security deposit — a big advantage over competing secured credit cards.

  • Sign-up Bonus: This card does not offer a sign-up bonus.
  • Rewards andRedemption: There’s presently no rewards program here.
  • Key Fees: The annual fee ranges from $0 to $99, depending on your creditworthiness and other factors. See terms and conditions for a comprehensive list of card fees.
  • Introductory APR: None.
  • Other Perks: Indigo automatically reports your account history, including records of payments and credit utilization, to the three major consumer credit reporting bureaus.

Learn more about this card and find out how to apply here.

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Final Word

You’ve heard all the clichés about starving students. While you’re hopefully not actually going without regular meals as you work and study your way through school, you probably don’t have as much disposable income as you’d like.

Credit card issuers know that, on average, college students have less money than older people with full-time jobs. Accordingly, they tend to tightly restrict how much their student customers can spend on their cards. Don’t expect your first student credit card to come with an exceedingly high credit limit, particularly if your only source of income is a stipend or work-study job.

The good news is that if you make regular payments, build a positive credit history, and look for ways to earn extra income on the side, your credit limit — and spending power — is likely to increase over time. Years from now, when you think back to your time as a student, you might just identify your first-ever student credit card approval as a decisive milestone on your personal finance journey.

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Источник: https://www.moneycrashers.com/best-credit-cards-college-students/

The Best Checking Accounts

Update: Some offers mentioned below are no longer available. 

Your checking account plays a big role in how you manage your household finances each month. It’s your financial hub, the place where the money you earn goes in and where the money you spend goes out — hopefully, in part, to pay off travel credit cards that earn you valuable points and miles.

Are you using the best checking account available? If you can’t answer that question with a resounding yes, it may be time to take a look at what else is available.

If you’re not sure where to start your search, I’ve got you covered. Here are my reviews of the best checking accounts currently.

Schwab Bank High Yield Investor Checking Account

Think Charles Schwab only provides investment accounts? Think again. Charles Schwab Bank offers an attractive online checking account for people who are willing to sacrifice face-to-face banking for earning higher interest and lower fees. Here’s how the features of this account stack up.

Pros

  • Earn 0.40% APY on your account balance
  • Unlimited ATM fee rebates both in the US and abroad (see terms and restrictions for qualifying transactions).
  • No monthly fees
  • No account minimums
  • Receive free standard checks
  • Free bill pay online and through the Schwab Mobile app
  • Deposit checks remotely

Cons

  • You can’t deposit cash
  • You might earn higher interest rates on your money elsewhere if you maintain a large balance ($15,000 and up) in your checking account

This account may be best for people who enjoy free ATM access, either within the US or overseas. Also, people who maintain smaller checking account balances can still earn a higher interest rate on this account when compared with many traditional banks.

(Photo via Charles Schwab)

Ally

According to Ally’s tagline, “better banking starts here.” Although that’s a pretty ambitious statement, Ally Bank’s Interest Checking account seems to live up to the hype with some hard-to-beat features.

Pros

  • Earn a competitive interest rate of up to 0.60% APY on your balance (APY is 0.10% with less than a $15,000 minimum daily balance)
  • Pay no monthly maintenance fees
  • 24/7 live customer service support
  • Use Allpoint ATMs for free in the US
  • Receive up to a $10 reimbursement per statement for ATM fees charged by other US ATM networks
  • Deposit checks remotely

Cons

  • You need to have a minimum daily balance of $15,000 or higher in order to earn .60% APY
  • You can’t deposit cash
  • The $10 “excessive transactions fee” is charged per transaction if you exceed more than six outgoing transfers (including auto transfers) from your money market account within a given month
  • $9.95 fee for same-day bill pay

This account is probably best for people who maintain an average daily checking account balance of more than $15,000, don’t need to deposit cash, and are interested in earning higher interest rates on their money.

(Photo courtesy of Ally)

Capital One 360 Checking

Depending on where you live, Capital One offers a nice hybrid between many of the online checking features people love and the option to deposit cash plus and other in-branch services.

Pros

  • Fee-free online and mobile checking
  • Earn 0.20% APY on your account balance (and higher APYs if your balance exceeds $50,000)
  • App lets you track spending and savings goals, transfer money and manage accounts on the go
  • Your first book of checks is free
  • No minimum deposit required to open an account
  • Access over 39,000 Capital One or Allpoint ATMs free of charge
  • Take advantage of mobile check deposits
  • Deposit cash at ATMs or at Capital One branches (called Capital One Cafes)

Cons

  • Although Capital One does offer some in-person branches, there’s still limited availability at this time and you might not have a convenient location.
  • You can earn higher interest on your balance elsewhere.

People who want the ability to deposit cash while still earning some interest may like Capital One 360 Checking. The account is essentially an online checking account with some traditional perks added in. Although the APY isn’t the highest on the market, the fact that it is fee-free and provides highly rated online tools still makes it a good option.

Capital One branches are called Capital One Cafe's. (Photo by Smith Collection/Gado/Getty Images)

Chase Total Checking

Do you prefer to have access to traditional face-to-face banking, or need the ability to deposit cash into your account? If so, Chase Total Checking, currently with an attractive sign-up bonus offer, is an account you might want to consider.

Pros

  • Get a $200 sign-up bonus when you open a new Chase Total Checking account and set up direct deposit
  • The $12 monthly service fee on your account can be waived in any of the following three easy ways:
    • You receive $500 or more in direct deposits each month OR
    • Your balance remains at $1,500 or above each day throughout the month OR
    • You have an average balance of $5,000 each month in your linked Chase checking and savings accounts
  • Students are eligible for a reduced monthly fee of $6 which can also be easily avoided
  • Mobile check deposits
  • Access 16,000 ATMs and 5,000 branches for your banking needs

Cons

  • You do not earn interest on your balance (Chase does have two other checking options where 0.01% APY may be earned. However, these accounts come with higher fees and a higher balance criteria must be met to have those fees waived)

This account might be best for people who are willing to sacrifice interest earned or rewards on their checking accounts in order to access traditional, in-branch banking services.

(Photo by Spencer Platt/Getty Images)

Discover Cashback Debit Checking Account

Everyone loves to earn rewards or cash back on their purchases. While many credit cards come with them, getting rewards on debit card transactions isn’t as common. If you want to find a checking account with cash back, Discover’s Cashback Debit has an offer you might like.

Pros

  • Earn 1% cash back on up to $3,000 in debit card purchases every month
  • Earn 0.40% APY on your account balance
  • Pay no monthly fees
  • No minimum balance requirements
  • No-fee online bill pay
  • Access over 60,000 no-fee ATMs in the US

Cons

  • You can’t deposit cash
  • You might earn higher interest rates on your money elsewhere if you maintain a large balance ($15,000 and up) in your checking account

This account may be best for people who prefer to use debit cards for many of their monthly expenses, since the account comes with the opportunity to earn cash back on these transactions.

Discover's Cashback Debit offers much lower fees than other accounts. (Photo via Discover)

 

Bonus Picks: Chase Private Client and Chase Sapphire Banking

If you can maintain a balance of at least $75,000 (to waive monthly fees and earn a new member bonus), one of these premium checking accounts from Chase could make sense. The real draw here is the opportunity to earn a sizable sign-up bonus, but they have some nice perks as well.

Chase Sapphire Banking

If you can bring in $75,000 in new assets, have a Chase Sapphire Preferred Card or a Chase Sapphire Reserve and have an offer code, you can earn 60,000 points when you sign up for a Chase Sapphire Banking account. Based on TPG’s valuations, that’s worth $1,200.

Chase Sapphire Banking benefits include:

  • No ATM fees
  • No exchange rates
  • No fees on outgoing wire transfers
  • Access to exclusive experiences including lounges at sporting events and concerts and access to early ticket sales for certain events
  • Free online stock and ETF trades with You Invest by J.P. Morgan

Note that the APY is just 0.01% (effective as of 5/29/19). Interest rates are variable and subject to change.

Chase Private Client

This top-of-the-line premium Chase checking account is available to customers with a total balance of $250,000 or more (including cash and qualified investments). If you can meet that hefty requirement, you can earn a bonus of $1,250 when you transfer over at least $250,000 in qualifying new money or security to Chase Private Client. Like with Sapphire Banking, the APY is just 0.01% (effective as of 7/16/19; interest rates are variable and subject to change), so you could do better with another product offering a higher return.

How Do You Choose the Best?

There’s probably no single “best” checking account for everyone. However, there is a checking account which is best for you.

Figure out which features are the most important to you and go from there. Whether you’re interested in great customer service, cash back rewards, no fees, higher interest rates, convenient mobile-app capability, or something else entirely, there’s probably a bank out there which will give you exactly what you want.

Featured photo via Getty Images.

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citibank student checking account review

Citi Savings Account Review 2021 discover card international atm fees

citibank student checking account review Citibank offers competitive interest rates on its Citi Accelerate Savings account, along with many other perks. Read about the features, benefits, and fees of the Citibank Accelerate Savings account.

Our articles, research studies, tools, and reviews maintain strict editorial integrity; however, we may be compensated when you click on or are approved for offers from our partners.

Citi Savings Account

Citibank is a national, full-service bank with a strong online presence as well as a nationwide chain of brick-and-mortar branches.

Even though its coverage is national, many of the banking rules that govern how it operates are dictated by state laws. So the terms of its offerings, even its online offerings, vary from state to state.

Citi Accelerate Savings Account Essentials

Citibank offers two levels of savings accounts – the basic Citi Savings and the Citi Accelerate Savings account – featuring the following:

  • $1 minimum to earn APY
  • The Citi Accelerate Savings account offers one of the most competitive APY interest rates available for all balances
  • Balances up to $250,000 are FDIC-insured
  • Customers can choose different savings account packages that include other banking products like interest-bearing checking accounts
  • Free and easy transfers between all Citibank accounts
  • Access to more than 2,500 branches worldwide and an even greater number of free ATMs
  • Free mobile app to conduct banking on your mobile device

One of the main purposes behind having a savings account is to grow your money by earning interest. Obviously, the higher the interest rate a savings account offers, the better.

This is where the Citi Accelerate Savings account shines. It consistently offers some of the highest interest rates in the country, which is unusual for a bank that offers the benefit of both online banking and brick-and-mortar branches.

Plus, you earn a high rate regardless of the balance you maintain. There are tiers of packages, and at times the interest rate may vary between them; but in the current environment, there is no difference.

In addition, when paired as part of a package of banking products, the Accelerate Savings account almost always includes a debit card, giving you enhanced access to your money (within the limits the Federal Reserve’s Regulation D imposes on all banks).

Citi Accelerate Savings Account Monthly Service Fees

Citibank offers two kinds of savings accounts, stand-alone and Accelerate. As the name implies, a stand-alone savings account is not coupled to any other Citibank banking product.

The stand-alone savings account carries a $4.50 monthly fee. That fee can be waived on your basic savings account if you maintain an average balance of at least $500 a month.

Although the Accelerate Savings account is only available in certain markets, it carries a monthly fee of $4.50 too – if you don’t have a checking account in the Citi Elevate Account Package where you maintain an average monthly balance of $500 or citibank student checking account review. The same applies to its $2.50 non-Citibank ATM fee.

In addition, all qualifying transactions in any of the Citibank package accounts earn rewards in their Citi ThankYou Points program.

Other Savings Account Fees

There is one other fee in addition to the monthly service fee – the Regulation D fee.

Regulation D is a rule imposed by the Federal Reserve which restricts savers by limiting the number of withdrawals they can make to six transactions per month. Banks can charge a fee on all transactions over that limit.

Citibank complies with Reg D by charging a $20 fee for each transaction over the limit. There is no limit on the number of withdrawals or transfers which would be subject to that fee.

Citibank’s fee for withdrawals over the Reg D limit of six per month is one of the highest in the banking industry, but is easily avoided by using your savings account for its intended purpose: to save money. After all, fees can wipe out any interest you earn.

More Citi Accelerate Savings Account Features and Benefits

While you’re considering opening a savings account at Citibank, there are a few other things to consider:

Overdraft protection

You can use an Accelerate Savings account as a means of overdraft protection.

Should a transaction put your checking account into overdraft, Citibank will cover that from your savings account. This feature requires the savings account to be linked to the checking account being protected, so it’s not available on the basic (i.e., unconnected) savings account.

Citibank’s fee for what is the routing number for first interstate bank protection is $10 per day, regardless of how many overdraft items get protected.

Auto Save program

Citibank tries to make saving easy with their Auto Save program, which allows you to put your savings on autopilot. It’s free and can be customized according to your circumstances and goals.

The Auto Save program allows you to select the amount, the frequency, dates, and duration of the program.

A good feature of the Auto Save program is that it isn’t confined to drawing from only Citi accounts. Citibank also has an inter-institution transfer service, which allows you to make transfers from accounts at other institutions. This applies to transfers to and from banking accounts at other banks and credit unions.

Accessing your account

The idea behind savings accounts is to make it easy to put money in, not take it out. Therefore, it’s not surprising that getting access to money in your savings account is not as easy as accessing your checking account.

Getting money from a basic (i.e., unconnected) savings account is most commonly done by a visit to a branch and making a teller withdrawal. Fortunately, Citibank has several hundred branches throughout the country, making that easier to do than most banks. The other way to get access to the money you saved is making a transfer to another account.

Accessing your Citi Accelerate Savings account, on the other hand, is much easier. There are a number of ways to access your money:

  • Online transfer from your savings account to your linked Citibank checking account or another account in your Citibank package of products and services. When using your savings account to purchase that item you have been saving for, this is the most common option.
  • ATM withdrawal at thousands of ATMs worldwide, using the debit card which citibank student checking account review with your checking account. It gives you direct access to your Accelerate Savings account.
    Citibank and certain other ATMs can be used for free; but in an emergency, almost any ATM can be used, for which Citibank does impose a small fee.
  • As with the basic savings account, a teller withdrawal at any Citibank branch will also give you direct access to your Accelerate Savings account.

Are There Other Ways To Save With Citibank?

Citibank offers certificates of deposit (CDs). Should you own a small business (even a home-based business would qualify) Citibank also offers a money market account.

One of the benefits of banking with Citibank is that they are part of Citigroup, citibank student checking account review has other account offerings. The first one is a savings account set up as part an IRA (Individual Retirement Agreement). Given their competitive interest rates and FDIC insurance, an account like this could be a worthwhile part of your retirement investment portfolio.

In addition to banking products, Citigroup also offers investment opportunities. If you opt for the Accelerate Savings account, several investment options open up depending on the account package you choose, some including a personal investment adviser.

How To Open A Citi Accelerate Savings Account

Citi makes it easy to open an account in person at a branch, by phone or online. All you need are your drivers license and (if applicable) your employment information – and, of course, the money with which you plan to open wells fargo bank sign on to view account account. If the account is to be a joint account, you will need the same information for the other account holder(s).

If you’re already a Citibank customer, they automatically populate the information they have about you into the new account. And you could simply use a transfer from another account as the opening deposit.

Is A Citi Accelerate Savings Account Right for You?

It’s rare that almost all the details point to a positive conclusion, but this is one of them. Citibank is a stable bank with many branches and a strong online presence – not to mention that their savings account interest rates are consistently among the highest in the nation (plus it’s relatively easy to avoid the monthly service fees).

Therefore, growing your savings by opening a Citi Accelerate Savings account is an easy recommendation.

About Author

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William Cowie

William Cowie joins MoneyRates as a contributor writing about personal finance, investing, and the economy. He is a retired CFO and CEO who wrote for GetRichSlowly.org, FiveCentNickel.com and other personal finance blogs for many years. More recently, he authored the forthcoming book Comeback! about how Billy Durant started General Motors, was kicked out and, finally, launched the biggest comeback in business history to reclaim it.

Источник: https://www.moneyrates.com/reviews/citi-savings-account-review.htm

Citi Rewards+℠ Student Card

Overall card rating

3.5

from Credit Karma members

Member ratings

All member reviews (7)

Okay card for students

Credit Karma Member

It is a decent card for first time credit card owners. 2X points for grocieries and gas is nice, but not as good as cash back in my opinion. Main card features are super bare bones. Definelty look into other student credit cards like Discover or Chase Freedom Student, before applying for this one. I will defintly try to upgrade this card after I graduate college, contemporary homes for sale in knoxville tn the Citi Double Cash card.

Credit Karma Member

This card is a above average card not the best but a 4 out of 5 star card especially if you use it for all your supermarket and gasoline purchases!

Not approved

Credit Karma Member

I thought I would try this card since I have a Chase Freedom card and I could use this just for school. I have a really good credit score and it said approval add are good. On filling out the application it said i wasn't approved. Like was that a joke. I have good credit so i would advise everyone not to waste time on this one.

Bullsh*t

Credit Karma Member

Was told very good approval odds with a 713 score. 0 dollar balance on 5 other cards, declined.

Applied and DENIED - with TU 680!

Credit Karma Member

denied. OMG my CS will get hard hits that is two cards no approval.

Didn???t get approved

Credit Karma Member

Credit Karma said I have good approval odds, and I am a student, but I did not get approved.

I got denies

Credit Karma Member

It said I had good approval odds but they denied me. 650 credit score going to school part time. Full time work in construction so I make good money. Sad they denied me but seriously?

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What is the Best Citibank Checking Account for College Students?

You’re about to head off to college, which means that you’ll have a lot of financial responsibilities that you’re likely to be dealing with for the first time.

On top of tuition, you’ll have to pay for food, rent, monthly bills, and, of course, entertainment. You might also get a job to help you cover all your expenses.

To do all of that, you’ll need a checking account.

Citibank is a popular bank that many people are familiar with, so you might decide to go to Citibank for your student checking account.

Unfortunately:

You’ll find that Citibank doesn’t have a dedicated student checking account and none of its other checking accounts offer perks for college students.

If you still want to get a checking account from Citibank, the best account for students to open is the Citibank Access Checking.

Citibank Access Checking

If you’re a college student and want to stick to Citibank, the Citibank Access Checking Account is probably the best option.

It has the easiest-to-avoid monthly fee and gives you all the features that you need in a checking account.

Monthly fees

The Citibank Access Checking Account charges a monthly fee of $10. This can be steep for a college student who is trying to live on a budget.

The good news is that the fee is easy to avoid. The fee will be automatically waived if you meet any of these requirements:

  • Maintain a balance of at least $1,500 in your Citibank accounts
  • Receive one direct deposit each month
  • Make one bill payment each month

If you’re working, sign up for direct deposits and you’ll never have to worry about a fee.

The amount of the direct deposit doesn’t matter, so don’t worry if you’re only working a few hours a week.

If you’re not working, you can still avoid the fee by signing up for automatic payments for a subscription service like Netflix or Spotify or to pay your utility or electricity bills.

Features

The Citibank Checking Account has the standard features that you need from a checking account.

You’ll get a debit card that you can use to make purchases and ATM withdrawals. You can also use the bank’s powerful mobile app to manage your money and to make transfers in and out of your account.

One thing to keep in mind is that the account does not offer paper checks. Few people use physical checks these days, so Citi omits them from its service to save on costs and clutter.

Other fees

As a student, there are two types of fees that you should be most worried about: ATM fees and overdraft fees.

Citibank Access Checking Account Fees

TypeFees
Monthly Maintenance Fee$10
Overdraft$34
Deposit Item Returned$10
Stop Payment$30
Wire Transfer: Domestic Outgoing$25
Wire Transfer: Domestic Outgoing online$18.75
ATM and Debit Card Fees: Non First bank woodbury tn ATM$2.50

There is no fee if you use your debit card to make a withdrawal at an in-network ATM. Where you have to worry about fees is at out-of-network ATMs.

Citibank will levy a fee of $2.50 for every transaction you make at other banks’ ATMs.

This fee is on top of the fees that the ATM’s owner may charge, so you could easily pay $5 or more to make a withdrawal.

As far as overdraft fees go, the Citibank Access Checking account doesn’t charge any.

Why?

Citibank will never approve a transaction that will result in an overdraft, so you’ll never pay a fee. This can be nice, but if you’re in an emergency situation and need the flexibility that an overdraft can provide, you’ll be out of luck.

Consider an Online Checking Account

If you’re still unsure whether you citibank student checking account review to open a Citibank checking account, you might want to consider opening an online checking account instead.

Online banks often offer some of the best deals in banking -- with checking accounts that have very low fees and useful features.

In fact, many online checking accounts simply charge no monthly fee at all. There’s no minimum balance to maintain and no hoops to jump through.

College students already have enough to worry about, so taking away the need to worry about avoiding bank fees is a good thing.

Other common features of online checking accounts are ATM fee reimbursements, free physical checks, and the chance to earn interest on your checking account balance.

What to Look for When Choosing a Student Checking Account

If you’re comparing multiple checking accounts and having trouble choosing the right one, these are the factors that you should try comparing.

ATM access

As a college student, you’ll probably out and about on a regular basis.

If you’re going out to restaurants or clubs, you’ll want to know that you can easily refill citibank student checking account review wallet if you’re low on cash. That makes ATM access a priority.

There are a few different things to think about when considering the quality of your checking account’s ATM Access.

If you work with a national bank, you’ll probably have a lot of in-network ATMs in the areas that you visit, so you can just visit one of those.

Now:

Other banks, especially online banks, have smaller ATM networks. That can make it more difficult to find an ATM that you can use.

In that scenario, you’ll want to look to things like whether the bank charges additional fees for using an out-of-network ATM or if it will reimburse fees that ATM owners charge.

Monthly fees

Look:

Nobody wants to pay a fee to their bank, but high school and college students are notoriously strapped for cash on a regular basis.

Look for a bank account that doesn’t charge a monthly fee. If you do have to settle for an account that does charge a fee, make sure that it’s easy to meet the fee waiver requirements.

As a student maintaining a specific balance might be hard, so you might want to focus on accounts that waive their fees with a single deposit or a certain number of transactions.

Parental access

If you’re lucky enough to have parents who are helping support you through college, you’ll want to find a bank that will give your parents some level of access to the account. 

Look for a bank that has branches and ATMs near your college and near where your parents live.

If you make your parents joint accountholders with you, they’ll be able to add money to your account and you’ll be able to access it from school without is cream of rice good for you hitch.

Conclusion

The Citibank Access Checking account is a fine account for college students, but there are better options out there.

Most students will be better served by an online checking account that has no monthly fee and more flexible ATM access.

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Источник: https://www.mybanktracker.com

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The Best Checking Accounts

Update: Some offers mentioned below are no longer available. 

Your checking account plays a big role in how you manage your household finances each month. It’s your financial hub, the place where the money you earn goes in and where the money you spend goes out — hopefully, in part, to pay off travel credit cards that earn you valuable points and miles.

Are you using the best checking account available? If you can’t answer that question with a resounding yes, it may be time to take a look at what else is available.

If you’re not sure where to start your search, I’ve got you covered. Here are my reviews of the best checking accounts currently.

Schwab Bank High Yield Investor Checking Account

Think Charles Schwab only provides investment accounts? Think again. Charles Schwab Bank offers an attractive online checking account for people who are willing to sacrifice face-to-face banking for earning higher interest and lower fees. Here’s how the features of this account stack up.

Pros

  • Earn 0.40% APY on your account balance
  • Unlimited ATM fee rebates both in the US and abroad (see terms and restrictions for qualifying transactions).
  • No monthly fees
  • No account minimums
  • Receive free standard checks
  • Free bill pay online and through the Schwab Mobile app
  • Deposit checks remotely

Cons

  • You can’t deposit cash
  • You might earn higher interest rates on your money elsewhere if you maintain a large balance ($15,000 and up) in your checking account

This account may be best for people who enjoy free ATM access, either within the US or overseas. Also, people who maintain smaller checking account balances can still earn a higher interest rate on this account when compared with many traditional banks.

(Photo via Charles Schwab)

Ally

According to Ally’s tagline, “better banking starts here.” Although that’s a pretty ambitious statement, Ally Bank’s Interest Checking account seems to live up to the hype with some hard-to-beat features.

Pros

  • Earn a competitive interest rate of up to 0.60% APY on your balance (APY is 0.10% with less than a $15,000 minimum daily balance)
  • Pay no monthly maintenance fees
  • 24/7 live customer service support
  • Use Allpoint ATMs for free in the US
  • Receive up to a $10 reimbursement per statement for ATM fees charged by other US ATM networks
  • Deposit checks remotely

Cons

  • You need to have a minimum daily balance of $15,000 or higher in order to earn .60% APY
  • You can’t deposit cash
  • The $10 “excessive transactions fee” is charged per transaction if you exceed more than six outgoing transfers (including auto transfers) from your money market account within a given month
  • $9.95 fee for same-day bill pay

This account is probably best for people who maintain an average daily checking account balance of more than $15,000, don’t need to deposit cash, and are interested in earning higher interest rates on their money.

(Photo courtesy of Ally)

Capital One 360 Checking

Depending on where you live, Capital One offers a nice hybrid between many of the online checking features people love and the option to deposit cash plus and other in-branch services.

Pros

  • Fee-free online and mobile checking
  • Earn 0.20% APY on your account balance (and higher APYs if your balance exceeds $50,000)
  • App lets you track spending and savings goals, transfer money and manage accounts on the go
  • Your first book of checks is free
  • No minimum deposit required to open an account
  • Access over 39,000 Capital One or Allpoint ATMs free of charge
  • Take advantage of mobile check deposits
  • Deposit cash at ATMs or at Capital One branches (called Capital One Cafes)

Cons

  • Although Capital One does offer some in-person branches, there’s still limited availability at this time and you might not have a convenient location.
  • You can earn higher interest on your balance elsewhere.

People who want the ability to deposit cash while still earning some interest may like Capital One 360 Checking. The account is essentially an online checking account with some traditional perks added in. Although the APY isn’t the highest on the market, the fact that it is fee-free and provides highly rated online tools still makes it a good option.

Capital One branches are called Capital One Cafe's. (Photo by Smith Collection/Gado/Getty Images)

Chase Total Checking

Do you prefer to have access to traditional face-to-face banking, or need the ability to deposit cash into your account? If so, Chase Total Checking, currently with an attractive sign-up bonus offer, is an account you might want to consider.

Pros

  • Get a $200 sign-up bonus when you open a new Chase Total Checking account and set up direct deposit
  • The $12 monthly service fee on your account can be waived in any of the following three easy ways:
    • You receive $500 or more in direct deposits each month OR
    • Your balance remains at $1,500 or above each day throughout the month OR
    • You have an average balance of $5,000 each month in your linked Chase checking and savings accounts
  • Students are eligible for a reduced monthly fee of $6 which can also be easily avoided
  • Mobile check deposits
  • Access 16,000 ATMs and 5,000 branches for your banking needs

Cons

  • You do not earn interest on your balance (Chase does have two other checking options where 0.01% APY may be earned. However, these accounts come with higher fees and a higher balance criteria must be met to have those fees waived)

This account might be best for people who are willing to sacrifice interest earned or rewards on their checking accounts in order to access traditional, in-branch banking services.

(Photo by Spencer Platt/Getty Images)

Discover Citibank student checking account review Debit Checking Account

Everyone loves to earn rewards or cash back on their purchases. While many credit cards come with them, getting rewards on debit card transactions isn’t as common. If you want to find a checking account with cash back, Discover’s Cashback Debit has an offer you might like.

Pros

  • Earn 1% cash back on up to $3,000 in debit card purchases every month
  • Earn 0.40% APY on your account balance
  • Pay no monthly fees
  • No minimum balance requirements
  • No-fee online bill pay
  • Access over 60,000 no-fee ATMs in the US

Cons

  • You can’t deposit cash
  • You might earn higher interest rates on your money elsewhere if you maintain a large balance ($15,000 and up) in your checking account

This account may be best for people who prefer to use debit cards for many of their monthly expenses, since the account comes with the opportunity to earn cash back on these transactions.

Discover's Cashback Debit offers much lower fees than other accounts. (Photo via Discover)

 

Bonus Picks: Chase Private Client and Chase Sapphire Banking

If you can maintain a balance of at least $75,000 (to waive monthly fees and earn a new member bonus), one of these premium checking accounts from Chase could make sense. The real draw here is the opportunity citibank student checking account review earn a sizable sign-up bonus, but they have some nice perks as well.

Chase Sapphire Banking

If you can bring in $75,000 in new assets, have a Chase Sapphire Preferred Card or a Chase Sapphire Reserve and have an offer code, you can earn 60,000 points when you sign up for a Chase Sapphire Banking account. Based on TPG’s valuations, that’s worth $1,200.

Chase Sapphire Banking benefits include:

  • No ATM fees
  • No exchange rates
  • No fees on outgoing wire transfers
  • Access to exclusive experiences including lounges at sporting events and concerts and access to early ticket sales for certain events
  • Free online stock and ETF trades with You Invest by J.P. Morgan

Note that the APY is just 0.01% (effective as of 5/29/19). Interest rates are variable and subject to change.

Chase Private Client

This top-of-the-line premium Chase checking account is available to customers with a total balance of $250,000 or more (including cash and qualified investments). If you can meet that hefty requirement, you can earn a bonus of $1,250 when you transfer over at least $250,000 in qualifying new money or security to Chase Private Client. Like with Sapphire Banking, the APY is just 0.01% (effective as of 7/16/19; interest rates are variable and subject to change), so you could do better with another product offering a higher return.

How Do You Choose the Best?

There’s probably no single “best” checking account for everyone. However, there is a checking account which is best for you.

Figure out which features are the most important to you and go from there. Whether you’re interested in great customer service, cash back rewards, no fees, higher interest rates, convenient mobile-app capability, or something else entirely, there’s probably a bank out there which will give you exactly what you want.

Featured photo via Getty Images.

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Michelle Lambright Black is a contributing writer for The Points Guy
Источник: https://thepointsguy.com/guide/best-checking-accounts/

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