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College and University Discussion
Reply to "how many bank accounts does your kid have at college?"
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[quote=Anonymous]My rising junior happens to have 5 accounts, because he has two different banks. Checking and trading in one, and checking, savings and credit card in the other. Two debit cards and one secured credit card. It happened this way over a few years because he travels to our home country, and we feel better if he has several modes of payment. Sometimes American cards don't always work in every business, particularly automated registers for metro or train tickets (he really should open accounts in our home country, but that's complicated, they require proof of residency). When he started out as a freshman, he only had the checking with debit card, and trading at Charles Schwab. [/quote]
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