While managing their student loans and college expenses, many students find themselves in need of at least one bank account. Having a bank account as a college student is beneficial. A bank account will grant you easy access to physical cash and/or make your Netflix subscription payments much easier.
Can I have two student bank accounts?
Yes, it’s totally acceptable to have more than one student bank account as long as you don’t violate any of the banks’ policies. Whether you are opening your first account or your second one, it’s important to consider all your options. Be sure to read all the fees and policies of each of the banks you are considering. Maybe contemplate opening two different bank accounts: One for savings in case of an emergency and the other to cover college expenses.
There are a variety of different banks that offer special bank accounts to students. Some of these banks offer no annual fee, low-interest rate and/or low overdraft fee. Check out our article on how to get a student bank account.
Opening a bank account is one of the many college hacks you can utilize to save money and prepare for life after college. With an account, you will have easy access to your spending and track your budget. After all, sticking to a budget can be the determining factor of whether or not you have to take out more student loans.