Heading off to college in the fall? Setting up the right bank accounts now can help make your transition to student life much easier!
Where to Begin
Start by opening a checking account that includes a debit card (sometimes called a debit card). This card works exactly like a check in that it deducts the cost of in-store or online purchases directly from your checking account. The difference is that you don’t have to show ID or wait for the purchase to be approved. To avoid overdraft fees, don’t go overboard! Always make sure you have enough money in your account before swiping your card.
Check out the student checking account from The First: https://www.fnbn.com/checking/students/
Savings Account
Because it’s never too early to start a lifetime of good saving habits, why not open a savings account at the same time you open your student checking account? If you plan to work during college or just need a safe place to deposit your graduation gifts, a savings account is a great way to put money aside for emergencies.
Online and Mobile Banking Accounts
We’ve all heard horror stories about debit card info being stolen without the card ever leaving its owner’s wallet. Online and mobile banking accounts help you stay on top of your balance so you can keep an eye out for the bad guys, as well as monitor your own spending. You can also use this service to transfer funds between accounts or initiate a stop payment anytime, anywhere.
Mobilize your finances with free online and mobile banking from The First. https://www.fnbn.com/online-mobile/
What about Student Credit Cards?
When you don’t have enough cash in checking or savings to meet an emergency expense, a credit card can be a lifesaver. It’s also a good way to start your credit history, as long as you follow some common sense guidelines. Try not to charge more than you can pay off in a month, and always consider cash or a debit card as your first option.
What financial advice would you give a young person starting college? Let us know in the Comment section below.
