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Last Updated on November 6, 2023 by coffeepo
As a high school student, it’s important to start building your credit history so you can get approved for a mortgage or car loan when you’re ready to buy your own place or vehicle. A bank account is a great way to start building your credit history. But with so many bank accounts out there, which one is the best for you? Check out our list of the 9 best bank accounts for high school students in 2024!
1. Capital One 360: Best Overall
2. Ally Interest Checking Account: Best for College Students
3. Chase Student Checking: Best for Those Who Qualify
4. Wells Fargo Student Checking Account: Best For Out-Of-State Students
5. Bank of America Student Banking: Best For Savings Options
6. Discover Cashback Debit Account: Best For Cash Back Rewards
7. Citi ThankYou Preferred Card for College Students: Best For Those Who Spend A Lot
8. SunTrust Bank Secured Visa® Credit Card: Best For Building Credit
9. USAA Classic Checking Account: Best For Military Families
Features:
1. Capital One 360 is our pick for the best overall bank account for high school students. They offer a variety of features that make banking with them easy and convenient, including:
-No fees whatsoever
-A great mobile app
-Free access to over 39,000 Allpoint ATMs
-Deposit checks using your smartphone
-A variety of savings and investment options
2. Ally Interest Checking Account is our pick for the best bank account for college students. They offer many features that make banking with them easy and convenient, including:
-No monthly maintenance fees
-Free Ally eCheck deposited using your smartphone
-24/7 customer service
-Free ATM withdrawals at over 43,000 Allpoint and Publix Presto! ATMs worldwide
3. Chase Student Checking is our pick for the best bank account for those who qualify. They offer many features that make banking with them easy and convenient, including:
-No monthly fees for up to 5 years
-A variety of savings and investment options
-Free ATM withdrawals at over 16,000 Chase and participating bank ATMs worldwide
-No foreign transaction fees
4. Wells Fargo Student Checking Account is our pick for the best bank account for out-of-state students. They offer many features that make banking with them easy and convenient, including:
-No monthly maintenance fees
-A variety of savings and investment options
-Free ATM withdrawals at over 12,000 Wells Fargo ATMs and 6,000 participating banks worldwide
-No foreign transaction fees
5. Bank of America Student Banking is our pick for the best bank account for those who want great savings options. They offer many features that make banking with them easy and convenient, including:
-No monthly maintenance fees for up to 5 years
-A variety of savings and investment options
-Free online and mobile banking
-No foreign transaction fees
6. Discover Cashback Debit Account is our pick for the best bank account for those who want cash back rewards. They offer many features that make banking with them easy and convenient, including:
-1% cash back on up to $3,000 in debit card purchases each month
-No fees whatsoever
-A great mobile app
-Free ATM withdrawals at over 24,000 Allpoint ATMs worldwide
7. Citi ThankYou Preferred Card for College Students is our pick for the best bank account for those who spend a lot. They offer many features that make banking with them easy and convenient, including:
-2% cash back on dining and entertainment purchases
-1% cash back on all other purchases
-No annual fee
-0% APR for the first 7 months
8. SunTrust Bank Secured Visa® Credit Card is our pick for the best bank account for those who want to build credit. They offer many features that make banking with them easy and convenient, including:
-No annual fee
-2% cash back at gas stations and restaurants
-1% cash back on all other purchases
-Free online access to your FICO® Score
9. USAA Classic Checking Account is our pick for the best bank account for military families. They offer many features that make banking with them easy and convenient, including:
-No monthly maintenance fees
-A variety of savings and investment options
-Free ATM withdrawals at over 30,000 USAA and Allpoint ATMs worldwide
-No foreign transaction fees
Final Thoughts
Whether you’re a high school student just starting to think about college, or you’re a college student who wants to start saving for your future, a student checking account is a great option. There are many different types of student checking accounts, and each one offers different features and benefits.
The best student checking account for you will depend on your individual needs and preferences. If you’re looking for an account with no monthly fees, Ally Interest Checking Account is a great choice.
