Seek proximity and convenience
Students should look at the location and ease of access of a bank when choosing a student checking account, Montanaro says. This includes selecting an institution that has ATM locations on and around campus so students can avoid using out-of-network ATMs and their high usage fees, he says.
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In many cases, convenience for students can also mean selecting the same bank as their parents, Weade says. That would make it easier to receive deposits from Mom and Dad, he says.
In fact, Weade says that was exactly what he did in school. "My parents took me right into our bank branch to open an account," he says.