Leveling Up: Signs That It’s Time for a Student Checking Account

Posted: June 17, 2024

As you step into the exciting world after high school, it’s not just about tossing your cap in the air. It’s also a chance to prepare for newfound responsibilities, like managing your finances. Graduation signals your progress toward financial independence, which is the perfect time to open a student checking account. Read on and learn the benefits of opening a student checking account.

From Summer Jobs to Savings

Whether you spend your summer interning in an office, working part-time at a restaurant, or employing yourself with jobs around your neighborhood, having a job means earning money. But how do you keep track of that money? Instead of stashing cash in your drawer, consider opening a bank account.

Student checking accounts come with convenient features that let you securely deposit checks anytime, anywhere. Being connected to a checking account also allows you to have your paycheck deposited directly into your account, which is a secure way of being paid.

College Bound? Be Bank Smart

Heading off to college is an adventure filled with new experiences and challenges. Along with the excitement, it’s crucial to have easy access to your funds, without the hassle of carrying cash. A student checking account helps you manage bigger payments—like tuition and rent—keeping your funds secure while ensuring your money is just a few clicks away whenever you need it.

Benefits of a Student Checking Account

Did you know that kids who have savings accounts early in life tend to be financially ahead of their peers who don’t? Opening a student checking account isn’t just about convenience—it’s about setting yourself up for success with a secure financial future.

Look for these benefits with a student checking account:

1. Mobile Deposit: Say goodbye to long bank lines and hello to convenience. With mobile deposit, you can deposit checks with just a few taps on your smartphone.
2. Digital Banking: Manage your finances on the go with 24/7 access to your account via online and mobile banking platforms.
3. Free ATM Transactions: Enjoy the flexibility of accessing your money without worrying about ATM fees. The WaterStone Bank Student Checking Account gives you 8 free transactions per statement cycle (statement cycles are typically 30 days, and may not match the calendar month).
4. No-Fee Accounts: Keep more of your hard-earned money with a student checking account that doesn’t charge monthly maintenance fees.
5. Overdraft Protection: Avoid the embarrassment and inconvenience of overdrafts with built-in protection that helps you manage your spending responsibly.

Graduation is a great time to take stock—getting a new job or heading off to college serve as clear signals that it’s time to take charge of your financial independence! For more information about opening a Student Checking Account at WaterStone Bank, visit wsbonline.com.