Professor Gregory Germain recently provided information on student checking accounts to Wallet Hub. He provided guidance on the different types of accounts, what students should look for in a checking account, and advice on alternatives.
In summary, Germain says “It is all about fees and charges, and convenience. Nothing else really matters. That is why I recommend a free checking account at an institution nearby to keep very small balances linked to an online institution that pays higher rates. But in all cases, you have to understand what is free and what you will be charged for. Annual fees, ATM charges, and high check printing costs should be avoided.”