Student banking is a form of banking that helps students save for the future while they earn their degree, and it is meant for students who are above 18 years with limited funds who want to open a student savings account. This practice is in the whole world, but it is more respected in the U.S, where this is championed by one of the mega financial institutions known as the Bank of America. It carries very attractive features, which gives students a footing to begin a very good banking history and save enough for their future.

There are lots of benefits you can enjoy as a student when you get this banking package in the U.S. In the first place, there is the campus edge checking account with no minimum balance requirements. It also comes with a free Bank of America Debit Card with the total security protection that is attached to it, including the photo security feature. They also give students free online banking services with mobile banking, which will help you to do the following with ease, checking their accounts from their cell phone with mobile banking services. Does money management and budgeting tools, and getting your statement by simply checking through your mobile phone without much paper work to bother you? You will also have updates in your account through emails and message alerts. You will also have convenient access to over 18,000 ATMs and 5,700 banking centers in America. You can also apply for a Bank of America student platinum plus visa card with 4 years of free identity theft protection. When you enroll in Add it up, it will allow you to earn up to 20% cash back on top of retailers’ discounts. You can also earn great cash through the MyExpression student referral on your friend whom you referred. In order to earn these above student advantages, you will have to use an offer code, which is ‘CAMPUS’ when you are applying for campus edge checking and regular savings.

The joy of it is that you don’t need much to start this account. With as little as $100 minimum opening deposit, then you are good to go. Also, your account is insured with one of the most reputable insurance companies in America, which is FDIC. You can also set up a monthly transfer from your savings account to your checking account.

The student banking scheme is made easier through online banking and mobile banking channels. This will help the student to concentrate and do their academic work. With the mobile banking aspect, it is convenient for the student who will not have to queue up to run their banking concerns. they will simply run whatever transaction they need, by pressing the buttons of their mobile phone.

The insurance aspect also gives the student the confidence to go about their banking activity without fear. This is because they stand to lose nothing in the event of a financial crisis that may rock the bank.