Posts Tagged ‘student account review’

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.

Cooperative Bank Student Account

Cooperative bank student account brings much relief to the students. Kids, who are moving to college, can now efficiently manage their funds with the help of Cooperative bank. The unique features that it offers in its student bank account are making it the most popular bank among the growing teenagers.

When kids move from high school to college, they need to either move out of their house for a better opportunity. Even if they stay with their parents, their need to work on a part time basis increases in order to earn their living. Most of the kids prefer working, and even parents encourage this activity. In this way, the budding professionals get the taste of work life, while studying and can chalk out their life’s plan. With income, comes the question of managing funds. Hence specialized bank accounts are made available to the students by different banks. The bank sees to it, that they cater to the needs of their young customers, so that when they grow as professionals, they continue using their other facilities. Selection of the correct type of bank account for student requires a lot of considerations.

The Cooperative bank student account emphasizes the importance of earth’s natural resources and hence puts pressure on being eco – friendly. This helps your growing kid to be aware of the environment too. The best feature that makes Cooperative bank more popular is the interest free overdraft facility. This surely takes away worries of most of the young customer. At young age, expenses incurred tend to be more than the funds they have. Thus if they are able to take an overdraft without paying interest, then it is a good news not only for the students but also for the parents, who need to support their children. Moreover the overdraft limit increases every year. This helps to take the pressure off the young minds. So they just need to study and enjoy their life, and the rest will be taken care by the Cooperative bank, itself.

Apart from the unique overdraft facility, Cooperative bank allows 24/7 access to your account. You can access your student account via internet or over telephone. This connectivity can be provided because of the large network of the bank and the stupendous amount of call centers across the country. They have reported to be able to provide maximum satisfaction to their young customers. These features are present in every type of account offered by the bank, but become an essential for the students account. This is because they are new to the corporate world and learn a whole lot of things about the banking industry. If they have access to their account online, then they can be alert of the changes in the offers or any new introductions.

Other beneficial features of the Cooperative bank account include the availability of debit cards, credit cards and specialized student accounts. The modern times are the times of fast cash and quick withdrawals. The ATM facilities are facilitating lives of everyone and not just the students. This gives you the freedom from carrying cash at everywhere you go. Also if you need money urgently somewhere, you need not worry and go back to your banks to bring money. You can even withdraw cash at night time too, through ATM. The wide network of the bank’s ATM allows you to find a suitable one for you’re nearest to any location that you go. The biggest advantage of ATM is realized when you go outside town on an excursion trip from your college or simply for vacation. You can take money from the ATM across the country. The Cooperative bank also gives you cheque book, which empowers you to write cheque of your own. Also the competitive interest rates that the bank offers, rescues you at the time when you are in credit. This feature helps the student in spending low and save more.

The regular banking features are also made available to the students. These services include regular statements, secure online banking and in – branch banking. There is a subtle fact that you need to take care of, while choosing the suitable bank. It is the location of the branch that you will be visiting regularly for your daily banking activities.