For the Mobile Apps

Chances are you use a smartphone, so why not let it be your personal finance hub as well. When you have a checking account, you not only have access to your account information through an online account, but most banks also provide a mobile app that will enable you to track your money, pay bills, and even split a restaurant tab with a friend.

Learning How to Budget

For most students, college life is about learning how to do more with less. It is the first opportunity to develop the invaluable habit of living under your means just to be able to stretch your fun money even more. If you are fortunate enough to carry that habit into life after college, you stand a better chance of saving for your goals and reaching financial independence more quickly.

When you open your checking account, you may be offered the opportunity to open a savings account along with it. Both are places to store your money. They are each considered to be demand accounts, meaning you have access to your money at any time, and both are insured by the Federal Deposit Insurance Corporation (FDIC).Continue reading→