Checking & Savings

Now that you are in college and have received funds from a job, financial aid, or family, where do you keep your money?

Free Checking!* (* Unreasonable and confusing conditions do apply.)

Let's face it, students love to shop and for the best deal. Why should banking be any different? Recent banking regulations are making it harder to find free checking and savings accounts, especially for students. Items to consider include:

  • Bank location
  • Automated Teller Machine (ATM) fees and locations
  • If a minimum daily balance is required
  • Monthly service fees
  • Internet access to view your balance and transactions
  • Online bill payments
  • Interest earned

The items to consider can be confusing for students!

The Office of Student Financial Aid and CashCourse has an excellent resource for "Choosing the Best Checking Account". Be sure to check out the "Comparing Checking Account Worksheet" link at the bottom.

College Data: "Opening Your First Checking Account"

Checks, Debit Cards, ATM Cards

When you open a checking account the bank or credit union may give you a box of blank checks, a debit card, an ATM card or all of the above. This allows you to pay your bills, buy items like groceries or clothes, and make cash withdrawals from an ATM machine. The challenge is making sure your checking account stays balanced, meaning you always know how much is available. Write a check or use your debit card for an amount above your available balance may cause the check to "bounce" and the bank may charge an overdraft fee.

How can Student Money Management Services help?

We do not give recommendations on any financial institutions, but we will answer any general questions or concerns that you may have or direct to where you can get an answers. We will assist you in basic instructions on how to balance a checkbook and the proper way to write and use your checking account. Learning how to balance and manage your check book is a really import skill to learn while you are in college.

KU Financial Aid TV:

Money Basics

The University of Kansas prohibits discrimination on the basis of race, color, ethnicity, religion, sex, national origin, age, ancestry, disability, status as a veteran, sexual orientation, marital status, parental status, gender identity, gender expression, and genetic information in the university’s programs and activities. Retaliation is also prohibited by university policy. The following persons have been designated to handle inquiries regarding the nondiscrimination policies and are the Title IX coordinators for their respective campuses: Executive Director of the Office of Institutional Opportunity & Access,, 1246 West Campus Road, Room 153A, Lawrence, KS 66045, 785-864-6414, 711 TTY (for the Lawrence, Edwards, Parsons, Yoder, and Topeka campuses); Director, Equal Opportunity Office, Mail Stop 7004, 4330 Shawnee Mission Parkway, Fairway, KS 66205, 913-588-8011, 711 TTY (for the Wichita, Salina, and Kansas City, Kansas, medical center campuses).