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College and University Discussion
Reply to "checking accounts? Debit cards?"
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[quote=Anonymous][quote=Anonymous]Capital One will give checking to a 17 year old with a college acceptance letter without a parent on the account. For college I recommend getting an account with free ATM withdrawals on campus so the fees don't add up. For my DC this was a [b]credit union in campus[/b] with very low min balance requirements. Many kids just wait and set up accounts when they get to school. My DC has a local savings account here and a checking account at college, both with debit cards. No credit card. In an emergency I could deposit funds in his local account. [/quote]I will check with my credit union and see what the requirement is. My credit union only requires a $5 minimum in savings and no minimum for checking. Since DS has had a 'kitty' account since birth, this should be an easy transition. I was so busy looking at large credit card companies, my credit union was right under my nose. They also have an excellent interest rate for credit cards. I prefer DS stay with the credit union because of the account he's had for years. A great way to start off with a long track account.[/quote]
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