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Student Banking – Easy Money Transactions for the Educatees

A way for young adults to make sure that they can finance tuition, projects and any other school expenses is through student banking. It helps them budget any amount that has been allotted to them by their parents or their own savings.

Student BankingPHOTO BY FLICKR.COM/BRIGHTMEADOW/

Student Banking - Easy Access to Funds

Banks offer different products and services for different kinds of people. A profitable market for them can be generated by student banking. Moreover, they see students still banking with them even after they have ceased being students. To entice this kind of customers, banks give competitive rates and free savings or checking accounts. In choosing where to park one’s money, it is essential that banks are easily accessible in making deposits, withdrawals or any other student banking transactions. They must have branches which are located near one’s source of funds, like one’s parents or near one’s school. This also holds true for automated teller machines (ATMs).

Student Bank Account - Empowering Patrons

A student bank account helps a person gain easy access to one’s funds. Due to the advancement of technology and security banks provide, accounts can be managed online at any time. A student bank account is specialized in that it contains features that are specifically tailored toward the lifestyle of a student. Attached to it may be a payment feature where the account owner may automatically pay for major expenses. Such accounts also enable a smooth transfer of funds from parents’ accounts to that of their children. Other banks also give discounts and rewards to student patrons. They also offer mobile or email alerts.

Student Checking Account - Perks

A student checking account allows its owner freedom from monthly maintenance fees and the convenience of carrying paper, which is good as cash. They also offer online statements, which do away with paper statements and thus helping the environment. Banks may include debit cards with a checking account, which are widely accepted by various merchants. Banking may also be done through smart mobile phones where students can check their balances or ATM branches. Since such accounts are exclusively offered to students, they require only a minimal opening amount. Some banks reduce the minimum age for those who offer this kind of account.

Written by Troy Nelson

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