Study in USA students require secure international student bank accounts in USA to manage their finances. They can opt for Chase Bank, HSBC USA, Wells Fargo, United States National Bank, or Santander Bank accounts. Other options include Bank of America, Capital One Bank and TD Bank. Top international accounts include Chase College Checking Account, Wells Fargo Student Everyday Checking Account, and Bank of America Safe Balance Banking Account. In addition, non-US students can also apply for US Bank Student Checking Account or TD Student Checking Account.
To open an international student account in the USA, one must consider four important factors. These parameters are service charges/monthly maintenance fees; availability of ATMs near the university campus; and whether the bank is FDIC insured. The fourth factor is the pros and cons of choosing a state bank and a national bank.
Furthermore, students much check out the eligibility requirements and furnish the required documents. An overseas student needs to produce a passport, secondary proof of identity like a student ID or driving licence, and a Notice of Action (I-797) or I-20 approval notice. Additionally, they need to provide upfront deposit money and a letter of acceptance from the university.
Top International Student Bank Accounts in USA
The United States of America has several hundred banks for overseas students, so students can choose the ideal bank that meets their needs. Here are some of the top international student bank accounts in USA:
Chase College Checking Account
- Monthly Maintenance Fee: USD 6 after a student has completed 5 years in a college
- Services: Mobile banking; Student credit card; Quick money transfer; Online tool for budgeting; USD 50 referral fee
Santander Student Value Checking Account
- Monthly Maintenance Fee:
- Services: No minimum balance required; Mobile banking; International money transfer; Discounts on Santander savings account/s
TD Student Checking Account
- Monthly Maintenance Fee: No charge for students aged 17 years to 23 years
- Services: Digital wallet; ATMs all across USA; Mobile banking; USD 100 bonus on case-to-case basis
Bank of America Safe Balance Banking Account
- Monthly Maintenance Fee: Nil for students below 24 years of age
- Services: Thousands of ATMs; Mobile banking; International money transfer; No overdraft fees; Money is rounded up into savings
US Bank Student Checking Account
- Monthly Maintenance Fee: Nil
- Services: Free personal checks; Campus banking; Mobile banking; 4 ATM transactions from non-US Bank allowed
Wells Fargo Student Everyday Checking Account
- Monthly Maintenance Fee: No fee for students aged 17 years to 24 years
- Services: Easy money transfer; Mobile banking; Round-the-clock fraud monitoring; numerous ATMs; Campus Card Programme
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