"Free" Student Checking May Not Be Free

By: Channel 6 News Email
By: Channel 6 News Email

Some big banks and credit unions don't charge per check, and have no monthly fees. But...students have to meet certain conditions.

Some banks require students to receive statements online, and make deposits that way or by an ATM.

Otherwise, they could tack on a monthly fee.

Experts say that college students should turn down offers for overdraft protection.

That feature could cost up to $30 in fees every time you go under your balance.

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