Free checks and debit cards
Search for student-centered accounts that have no monthly fee and offer free checking and debit cards, Montanaro says. But, before opening an account, make sure you know whether the "free" account comes with any extra charges that may be assessed, and how to avoid them.
"Look at fees for the services you are going to use, things like out-of-network ATM withdrawals, and scrutinize the penalties associated with any missteps," Montanaro says.
Having no monthly fee is a good thing, but you don't want to end up paying for it in other areas, he says.