Opening a bank account is one of the first steps international students should take when they arrive in the U.S. Having a U.S. bank account makes it easier to pay tuition, receive money from home, and handle everyday expenses.
If you’re studying at Rowan University, Arizona State University, or any other U.S. college, choosing the right student bank account can save you money and stress.
In this article, we’ll explore the best student bank accounts in the USA for international students and how to open one.
Why You Need a U.S. Student Bank Account
A student bank account offers:
- Easy access to your money (ATM/debit card)
- A safe place to store funds
- Lower or zero monthly fees
- Ability to pay bills or receive payments
- Foundation to build your U.S. financial history
Best Bank Accounts for International Students
Here are some top-rated banks offering student-friendly accounts:
1. Chase College Checking Account
- No monthly fees for students ages 17–24
- $0 minimum deposit to open
- Large ATM and branch network nationwide
- Easy online and mobile banking
2. Bank of America Advantage SafeBalance Banking
- Low monthly fee (waived for students under 25)
- No overdraft fees
- Mobile banking and budgeting tools
- Available to students with a valid passport and visa
3. Wells Fargo Everyday Checking
- Monthly service fee waived for students aged 17–24
- Free debit card and mobile banking
- Large branch network across the U.S.
- Accepts international students with passport and I-20 form
4. Citibank Access Checking
- No monthly service fee when conditions are met
- International-friendly banking services
- Multilingual support at major branches
- Ideal for students in big U.S. cities
Requirements to Open a Student Bank Account
Most U.S. banks will ask for:
- Passport
- U.S. student visa (F-1 or J-1)
- I-20 or DS-2019 form
- Proof of university enrollment
- U.S. address (can be dorm or apartment)
- Initial deposit (usually $25–$50)
Some banks may also request a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), though it’s not always mandatory.
Tips for Managing Your Student Bank Account
- Choose a bank with ATMs near campus to avoid fees
- Use mobile banking apps to track your balance
- Avoid overdrafts by monitoring your spending
- Set up alerts for low balances or large transactions
- Keep your account active to avoid dormancy fees
Final Thoughts
A student bank account makes life easier while studying in the U.S. It helps you manage your money, pay for daily expenses, and build your financial foundation.
Whether you study at Rowan University, Arizona State University, or any other U.S. school, choosing the right student bank account will save you money and help you stay organized.