student account reviews

Student Bank Accounts 2009

Various banks in the US are providing the students with various offers for the Student bank accounts 2009. Let’s review some of the hottest offers made by the topmost banks of USA. The first one that is worth mentioning is The Citibank. Although getting a student’s account in Citibank is not that easy, especially after the recent economic crisis. However, the main criterion for opening a student bank account for this bank is that you have to be enrolled in an accredited college in the US. They are giving an opportunity to apply for an FDIC-insured Citibank Student Account with only a nominal opening account deposit of $100.

The additional offers include no monthly fee, free check writing, free use of non-Citibank ATMs, as well as free access to the 26,000 Citibank ATMs. Along with it a Citibank Debit MasterCard is on the offering with all the above for making purchases, getting cashes and earning rewards. This doesn’t seem to be enough. If you make an initial deposit of $300, then you can get a $500 Checking Plus line of credit. So this ensures an overdraft protection. Rewards are galore on the offing. Having a Citibank Student account entitles you to receive Thank You Points every month with linked qualifying products or services. Citibank group boasts of Award winning online banking services, free online bill payments, paperless bank statements, online check images, extensive transfer services, and alerts via email or wireless, connection worldwide through ATM networks spread out all over the world.

Also they are ready to help you 24/7 with their customer support program that they have. You don’t have to think regarding the safety of your hard earned money. They have Citi Identity Theft Solutions and online fraud protections for solving your tensions regarding the safe keeping of your money. You can easily visit their e-mail fraud and security area to know more about their ways of protecting your money. Talking about banks and not mentioning Bank of America, is simply not possible. This bank assures the student that they can conveniently save for the future, while they earn their degree. This is an option for the students with limited funds who want to open a student savings account.

Requirements for opening an account are same as that of Citi bank with an opening deposit of $100. It is FDIC insured with an option to receive a monthly statement if you use an ATM and have transfers such as direct deposits or have a combined statement. On the flexibility side of your account, if you need then you can set up an automatic savings transfer from your checking account on a monthly basis. Other features are same as that of Citi bank with an easy account access through online banking and access to more than 18000 Bank of America ATMs nationwide and 5,800 banking centers coast to coast. For the student savings account section there are no monthly fee when you keep as less as $300 in your account each day, if that is not possible then a monthly maintenance fee of $3 is applied. Also there are no fees for first three withdrawals per month after which $3 per withdrawal if minimum balance falls below $2500.

Another bank that remained popular among the students for the year 2009 is the US Bank. They have Campus card, which enables student a smarter way to access their funds on or off campus. It has a very good option to combine your student ID with a free U.S. Bank Student Checking account, use it at any ATM or make PIN debit purchases with the amount being automatically deducted from your checking account. Thus it gives you a wide access to your account on or off campus. Opening an account in this case is also simple. First one has to make sure if his school is a campus card partner. Applying for a free U.S. Bank Student Checking account comes next. A visit next to U.S. Bank branch to link your student ID to your checking account completes all the formalities for using the Student ID at any ATM or to make PIN based purchases.

Now why should one apply for this U.S. Bank account? It is for the fact that there are no minimum balance or monthly maintenance fees, free internet banking, bill pay and online statements, four free non-U.S. Bank ATM transactions per month. Also there are unlimited free transactions per month at their bilingual ATMs. Other banks too made similar exciting offers, but these 3 ruled above all. All the above are the general plans available for the Student Bank Accounts 2009 for the respective banks. However, before opening an account one should always check each and every points and should read the terms and conditions carefully.

NatWest student bank account

NatWest student bank account takes care of the core needs of the students. It provides its young customers with a very good combination of financial benefits and market leading incentives. At the same time they keep in consideration, the practical needs of the students. Recently, for the fifth year running NatWest was voted the best bank for students. When students move to the universities it is a very new experience for them. For the youngsters it is one of the most exciting times of their life since most of them get the taste of complete independence for the first time. But with independence also come the need to take lots of crucial decisions like courses to take, accommodation etc. and also the bank which suits their needs best .In today’s competitive market every bank tries to lure students by giving attractive offers, free gifts, overdrafts etc. Hence it becomes even more important for the students to take the right decision.

NatWest student bank account is not all about just helpful banking but it also adds its personal touch. NatWest has got many university on-campus branches that are more than any other bank. As a result students don’t have to waste their valuable time in reaching out to their bank. Apart from this, there is online banking facility and 24 hour telephone banking facility. This helps them in keeping track of finances, payment of bills without standing in queues, transferring money, getting mini statements etc. In short, it makes life easy and organized. Online banking also reduces amount of paperwork since it can keep track of transaction history of about 7 years.

NatWest has set up many student service branches where there are student banking managers and student advisers who take care of student’s financial concerns and guide them in managing their money efficiently. As a student, planning the finances seems to be a very daunting task. The student banking managers in the student service branches give free financial tips and thus the students can benefit from their expertise in this field.  Students generally prefer to do part time jobs during their college years. Student service branches prove very useful in suggesting these students, how to properly manage their earned money or save it.

The student banking package also has an interesting feature of interest free overdraft facility. This overdraft facility for the students is particularly of great importance because most student’s college life is spent living on their overdraft. It enables the students to withdraw money from their student bank account even if the current balance is zero. In other words, it’s a sort of temporary advance given to its customers by the bank up to a certain limit. These overdraft limits set by the bank, varies for the students depending on whether they are first year students, second year students so on. For instance the first year students have the overdraft limit of 1250 bucks, for second year students the limit is 1400 bucks, for third year it is 1600 bucks, fourth year 1800 bucks, fifth year it is 2000 bucks and the fact that the overdraft is interest free ads to its significance greatly. In order to

Help the students with budgeting, NatWest also provides guidelines to the students on what amount of overdraft is best suited for them and also for easy repayment of the fund.

Keeping in mind the limited budget of the students, the student banking package also has the 5 year 16-25 rail card. This takes away much of the pressure of the students as they have to spend much less for their travels. In addition to this NatWest also provides the Graduate Package that offers interest free overdraft for additional 3 years which makes the change from student to a graduate much easier. Students also get the extra benefits such as huge discounts on laptop purchase, on getting mobile broadband as well as on purchasing stuff from major retailers. The bank also keeps its customers up to date about their accounts by the bank’s regular mobile text service. In words of Phil Cook, Head of NatWest Student and Graduate banking, the NatWest tries to satisfy their young customers by constantly evolving. This has led to the increase in the stupendous popularity of the bank.

Lloyds bank student account

A student life, whether in a college or a university, can often be challenging and exciting one. Under such circumstances, having Lloyds bank student account can really come in handy. There are a whole lot of benefits students can look forward in having one such account against their name. The money present in the student account can come to your rescue in a number of ways and one can make most out of it. As a student you can expect a great deal of discounts and interest free overdrafts in having one such account. What’s more; all the support and help will be at your doorstep to help you manage your student life and even balance financial needs.

In addition to availing interest free overdrafts, students can get a debit card that can be used both at home and abroad. There are also credit cards that students can apply for. These cards are affiliated to MasterCard and will help you in spreading your costs evenly. The student account with Lloyds bank will also offer you with Mobile banking through which you can manage your finances from anywhere and at anytime. There are also facilities like Phone banking and Internet banking through with you can operate upon your account round the clock. If you are brand conscious, then a student bank account like this is cut out for you. You can look forward to great discounts on brands like McDonald’s, Amazon, and Superdrug and so on.

The list of benefits associated with student account doesn’t end at that. On having one such account, students can bring down their licensing cost considerably and can also get YHA membership free of cost. If you are a music buff, then there is something for you as well. You are eligible to download as many as 35 music tracks from eMusic. There’s also an option for students to sign up for drives that will help them save every time they use a debit card affiliated to Visa. Now wonder then that a student account like this has been awarded a five-star rating from accredited agencies like Defaqto. This rating further reiterates how useful this student account can be. In opting for one such account, the student can be rest assured of getting one of the best bargains from market.

Students belonging to all levels of education can greatly look forward to this account. Whether you are a Graduate or an under 19 student or even an Islamic student, there is something in this account for you. For a graduate student, this account will help in allowing you to find your feet. Graduates can look forward to overdrafts that are interest free, a team dedicated to solve all your banking queries telephonically, and other free banking services. Applying to an account is easy for graduates. First, you need a confirmation of being a graduate and a local resident, need to have graduated within 3 years of application and you need to move your current account from an existing bank into this student account. The things required during application are: proof of graduation, driving license or passport copy, previous 3 month’s bank statement and so on.

Students aged between 11 and 18 can also look forward to Lloyds bank student account in plenty. In addition to the free banking services and a debit card, interests can be availed on the amount you manage to save in your account. For Islamic students, there are a host of packages available that promises them to get the most of their money. Your money will be managed in a much similar way as you practice your faith. All in all, this is one account that any student can really look forward during his or her life as a student. The student account is really simple to operate upon and manage. The charges levied on the services are also minimal when it comes to student account at Lloyds. The procedure followed to open an account too is hassle free and simple. In case you run into any difficulty, the staff at Lloyds bank would only be happy to assist you in best possible way. Students can indeed be thankful to such accounts that will take care of their money in a rightful way.