We live in a world where students are attending college at a higher rate than ever before. In the United States, there are 20.5 million students expected to attend American colleges and universities this fall. As a college student, I have found that banking while away at school can be quite the challenge. There are many aspects of student life that differ from the “real world”. College students are always on the go. Whether they are studying at the library, volunteering off campus, or at the football stadium cheering on their team – college students have a lot going on. Plus, for many of these students, this is their first time being away from the comforts of home. With this newfound freedom, also comes responsibility. Things like laundry, cooking, and banking are often firsts for these college students when they go away to school. Let’s rewind…did I just say “BANKING”? Yes! Have no fear – Franklin Savings Bank is here to help! Here are some banking essentials for college students everywhere.
Mobile Banking – This is a necessity. For college students, going to a branch to carry out your normal banking is near impossible, especially if your school is nowhere near your local bank back home. Plus, how are you going to get there? Most college students are not allowed to have a car on campus during their first year. Maybe you will be in luck and can have an upperclassman friend drive you to the bank. We’ll let you in on a little secret – they’ll probably make you pay for dinner at the dining hall that night. Save yourself a few bucks at the dining hall and download your bank’s mobile app! You can view account balances and transactions, transfer funds between accounts, pay bills, deposit checks, and so much more. Now your local bank is right in the palm of your hand!
CardValet– This app is a lifesaver. It allows you to turn your card on/off with the touch of a button. Let’s say you go out to eat with a few classmates off campus and when you get back to your dorm, you realize that you left your card on the table when you were signing the receipt. Don’t stress! In seconds, you can turn your card off and become worry free. Another unique feature of CardValet is the ability to set up spending limits. Find yourself overspending lately? Set up limits so that you stay within your budget each month. It’s as simple as that!
Allpoint Network ATMs – Students often find themselves far from their local bank when they are away at school. Need to take out cash to buy tickets for the spring concert? The ATM just charged you $3.25 to take that money out of our account– ouch! Those fees can add up quickly if you frequent the ATM. With the Allpoint app, you can use your location to find fee-free ATMs near you. It’s time to wave goodbye to ATM fees!
These mobile apps have helped college students continue to do their banking while they are away at school. If you are a student attending college this fall, be sure to check with your bank to see what services they offer to help you stay connected with your personal finances. Your bank is here to help!