Do you have a checking account? If you answered no, then you’re definitely behind the curve as far as college students go. Now, we don’t mean to be rude, but the power of a checking account really cannot be compared to anything else. For example, if you’re really serious about getting a job while you’re in school, you will need somewhere safe to park money. While it’s tempting to just skip over a bank account and store all of your cash on your person, what will you do if someone steals from your stash? In addition, some people like a bank account because it forces them to actually account for the money that they spend.
In addition, you will want to make sure that you pick up a bank account so that you don’t have to constantly pay check cashing fees. These places make a lot of money off of people that don’t have bank accounts, but that doesn’t meant hat they have to make money off you. If you don’t fight for your rights, you will constantly lose money. Who wants to go through college trying to fight for each and every penny, when they could simply build the right financial profile from the beginning?
You don’t have to feel like there’s no way in the world that you will ever get a bank account. Indeed, you just need to know where to look, and how to get started.
First and foremost, you will want to go to the bank nearest your school. If it happens to be the same bank that your parents use, then this is an additional bonus. You will be able to have money transferred to your account much easier than if you and your parents had two different banks. Of course, if your parents aren’t going to send you money then this is definitely a moot point.
One of the other things that you will need to do is make sure that you compare all of the accounts. The student account is usually the easier to get, especially if you have already had some credit troubles. Just make sure that you have a little money to deposit into the account, and you will be good to go.
If you happen to have a PayPal account or another online payment center account, this is the perfect time to make sure that you connect the two accounts. This will let you deposit money into your checking account regularly, and it will also encourage you to pursue little side methods of getting money into your life. As long as you have an easy way to get access to your money, why not use it to the fullest?
To make sure that your checking account is always there for you, you will need to make sure that you watch your account carefully. Keep your debit card with you at all times, and do not give your pin number to anyone. It can be tempting to just let a friend hold onto your debit card, or run to the ATM to get some money to get help in a pinch if you’re busy, but this is a mistake that could really ruin your checking account.
If you decide to use your checking account for online spending, make sure that you only shop at places that use strong encryption. You can tell by looking at the browser bar. If you see a yellow or green lock, then you’re good to go. If you don’t see encryption on the site, especially during a payment flow, you should go back to another site and not purchase anything from them at all.
Overall, it’s a great time to own a checking account. With the tips in this guide, you should have no trouble at all getting a great checking account that will really help you get things done in virtually no time at all!