The other downside is that the maintenance fee waiver expires after five years of college - you’ll be charged $6 monthly after five years, even if you haven’t graduated yet. Still, those fees can add up for a student on a budget. Chase also offers low balance alerts through the app to help you avoid an overdraft. You can avoid that fee if you keep your overdraft under $50 or if you bring it to less than $50 within one business day. Chase charges $34 per overdraft, with a cap of $102 per day. The biggest drawback of this account is its overdraft fees. Chase also offers online banking with Zelle compatibility to track your finances and send money from the mobile app. There is a $3 withdrawal fee for out-of-network ATMs - however, Chase has over 16,000 ATMs and 4,700 branches nationwide, so it shouldn’t be hard to find an in-network ATM in your college town. It also waives the monthly maintenance fee for college students for up to five years, or until age 24. Qualifying transactions include debit card purchases, ACH or Zelle transfers and online payments.Īside from that bonus, Chase is one of the best banks for students because it doesn’t require an opening deposit or minimum balance. To get the bonus, you’ll have to complete 10 qualifying transactions within the first 60 days of opening your account. If you’re over 18, you can sign up online, but 17-year-olds are required to visit a Chase branch with a parent or guardian.Ĭhase offers a $100 signup bonus for anyone who opens a student account. Anyone between the ages of 17 and 24 with proof of student status can sign up for this bank account. Withdrawal fees for out-of-network ATMsĬhase Bank offers a low-cost, accessible checking account for students just starting out on their own.
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