The question continually arises: can students find attractive offers from banks in this day and age. The answer is most assuredly: yes. Like any other business, banks want to establish consumer brand loyalty during people formative years. For the product of banking that is during their college years.
Students generally have two options. The first and often most attractive is establish a checking account at the local credit union where their university is. Most universities have some form of local banking option like this.
While the idea above may seem quaint and reassuring, the small credit unions do not seem to be able to compete with a growing number of online banks that offer really great deals. The best banks for students often include zero ATM fees. For students withdrawing $10 or $20 at a time, a $2-$3 fee for withdrawal is onerous to say the least. That’s why we encourage students to look at two solid online banks with no ATM fees. Take a look and compare the services at our two award winners:
- ING Direct
- Ally Bank