Im 18 years old and this will be my first bank account. do i have to open a checking or savings? And how much will it cost, also is their a monthly fee for just having a checking or savings account. I need the debit card so i can pay my college tuition and other fee's.
A debit card is a card that pulls money out of your (usually) checking account. so yeah, you have to open an account.
A credit card is a card that advances you money you don't have to buy stuff. They'll probably gladly give you one, figuring that you'll never pay off the balance every month and they'll make tons of interest off you. plus, with no credit history you'll get the highest interest card they can get away with.
Bank of America is the suckiest bank in the country... don't you have another bank in your town? they charge fees out the wazoo for everything.
Better bet would be to go to Finance office at school and see what kind of student loans/ finance arrangements they can make for you. They'll be more than happy to work with you since the economy is in the crapper and enrollment is dropping.
Good Luck,
GC
If you are a college student, you can go into pretty much any major national bank and open a free college checking account, which includes a free card (checks most likely extra). BOA's is pretty good, so you are making a good choice. the only thing you need to open an account is about $50 for an initial deposit, which you can withdraw later.
yes you need to open a checking account
for the best answers you should go into bank of America speak with new account rep
they can explain everything most banks will have accounts for college students
and they should come with a debit card
How do i get a debit card with bank of america?
Posted in 
Tags: 
I, too, let the little expenses add up. But I trick myself by putting them on a credit card so when I check the checking account it looks as though I’m barely spending. ugh. Trying to change all that though.
These people were sure willing to take on the jobs *funded* by these finance arrangements. You think a builder or electrician is going to turn down work on the olympic stadium because the funding for it was unbalanced? Not a chance. Almost everyone in Greece is complicit in this debacle.
It was many years ago, when I opened my first checking accounts waaaayyy back in the early 70s there were no charges or fees involved. Most of those evolved in the 80's when banks saw new opportunities to create a profit center. Deregulation of certain aspects of banking probably contributed as well.
I hope this helps..
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations.