Achecking account may cost money, but it’s a good idea to have one. Using checks is safer than carrying cash. A checking account usually costs less than buying money orders. And, your canceled checks provide a good record of the bills you’ve paid. To decide which bank is best for you, call or visit several banks near your college. Also, find out if you are eligible to join a credit union at your college or elsewhere. Credit unions sometimes offer better deals than banks. Find the best deal for your checking account Here are some questions to ask:
- Where is the bank or credit union located? Is there a branch or ATM on campus?
- Does it have special deals for college students?
- What is the monthly service charge?
- Does it pay interest on checking accounts?
- Does the institution charge for every check written? How much?
- How much does it cost to print 200 checks?
- What is the fee for a bounced check?
- How much does overdraft protection cost?
- Is there a fee to use the ATM?
- What other fees does the bank or credit union charge?
