There’s no reason for a student checking account to charge monthly fees. There are plenty of options to get a free college student bank account with all the perks you’d expect from a full-service account.
Being a student doesn’t mean you have to go without the conveniences of a checking account because you believe fees will eat up all of your money. Banks are well aware that students often don’t have a lot of income or savings. They create checking accounts tailor-made for small balances and features students want.
And they’re playing the long game: While small student checking accounts aren’t money-makers, banks are betting that you’ll stay with them after graduation, when your income is much higher.
So, with that said, after analyzing dozen of student checking and fee-free banking options, here’s our picks of the best ones.
Best Student Checking Accounts
- 🥇 Best Overall For College Students: PNC Virtual Wallet
- 🥈 Best For Physical Branches: Chase College Checking℠
- 🥉 Best For Mobile: Chime
- Best For Whole Families: Crew
These accounts combine low or no fees, national accessibility, and solid mobile options. The best choice depends on how you bank. See our methodology below and scroll down for the full list of student checking account options.
The Best Free Student Banking Account Options
Note: The College Investor’s Best Student Checking Account picks are not provided or endorsed by any financial institution. We’re don’t allow any brand to “pay” to be listed at the top of our picks. It’s why we can show you bank accounts you won’t find on other sites. Some offers may be advertising partners.
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Key Smart Checking® Account
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Fee free and offers automatic overdraft protection.
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Built in budgeting tools.
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Early direct deposit and no overdraft fees.
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Large physical branch network.
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Easiest money transfer to friends.
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Completely free checking.
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Family budgeting tools and control.
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Easily integrated high-yield savings account.
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Free checking for military dependents.
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*Waived with qualifying activities
1. Key Smart Checking®
KeyBank offers the Key Smart Checking® Account. This checking account is a free, non-interest-bearing account that has no minimum balance requirement, offers automatic overdraft protection from a linked KeyBank savings account, paper checks, and more!
They are very mobile friendly, have access to over 40,000+ KeyBank and Allpoint® ATMs nationwide. The only downside for college students may be their footprint.
Plus, right now they are offering a great bonus offer! You can earn a $300 cash bonus when you open a Key Smart Checking® account online by October 17, 2025 and complete qualified activities.
To qualify, you must do the following:
- Open a Key Smart Checking® online account by October 17, 2025.
- Make the minimum opening deposit of $10, plus a total of $1,000 or more in eligible direct deposits within the first 90 days of account opening.
Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Accounts must not be closed at the time of gift payment.
Learn more about Key Smart Checking® here.
Read our full KeyBank review here.
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AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA
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2. PNC Virtual Wallet
PNC Virtual Wallet has three primary features: Spend (checking), Reserve (earning interest on checking), and Growth (savings). In a nutshell, it’s a checking account with an interest-earning option.
To avoid the $7/month fee in the basic Virtual Wallet checking account, you’ll need to do $500/month in qualifying direct deposits, maintain a $500 balance, or be at least 62 years old. Most college students should be able to maintain a $500 balance!
And right now, they have a promotional offer where you can earn up to $400 when you complete qualifying activities. Offer valid through November 17, 2025. Member FDIC.
Earn $100 with a new PNC Virtual Wallet and you establish total qualifying direct deposits of
$500 or more to the new Virtual Wallet within the first 60 days.
Earn $200 when you establish total qualifying direct deposits of $2,000 or more to the new
Virtual Wallet with Performance Spend within the first 60 days.
Earn $400 when you establish total qualifying direct deposits of $5,000 or more to the new
Virtual Wallet with Performance Select within the first 60 days.
Read our full PNC Bank review here.
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Up to $25/mo *Waived with qualifying activities
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3. Chime® Checking
Chime® was one of the original free mobile banking apps that revolutionized mobile banking. They started with a mobile-first mindset, and also wanted to keep fees as low as possible.
Chime really started its focus on college students when it launched – being mobile first across the board.
As such, they have a top notching free checking account if you’re okay with a mobile only platform. Chime has no physical locations, and all of their banking is done online – in the app.
Why I Like It: Free mobile banking.
Learn more about Chime Checking here. Check out our Chime Review here.
⚠︎ This Is A Banking Service Provider, Not A Bank.
Chime is a financial technology company, not a bank. While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited. Read this article from the FDIC to understand the risks of using a non-bank company.
4. Current
Current is a leading mobile banking app that has been endorsed by a huge range of personaliities, including YouTuber Mr. Beast. It makes banking convenient and easy – it’s that simple.
Current offers both a free and premium version – but the free product is solid checking account that you should consider. It offers no minimum balance requirements, no overdraft fees, fee-free ATM withdrawals at over 40,000 ATMs, and 1x points for cash back!
Plus, you can get up to 4.00% APY on balances up to $6,000 by adding money to your Savings Pods and enabling the Interest feature.
You can upgrade to premium if you want even more perks.
Check out our Current Review here.
Why I Like It: Free mobile banking.
Learn more about Current Free Checking here.
⚠︎ This Is A Banking Service Provider, Not A Bank.
Current is a financial technology company, not a bank. While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited. Read this article from the FDIC to understand the risks of using a non-bank company.
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4% APY on balances of up to $6,000
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40,000 Fee-Free ATMs Nationwide
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5. Chase College Checking℠
The Chase College Checking℠ account is one of the best checking accounts designed for students. Students have $0 Monthly Service Fee while in school up to the expected graduation date provided at account opening (five years maximum) for students 17-24 years old or $12 Monthly Service Fee ($15, effective 8/24/2025).
And right now, you can get $125 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment! That’s awesome!
Chase College Checking℠ has $0 Monthly Service Fee while in school up to the expected graduation date provided at account opening (five years maximum) for students 17-24 years old.
This offer is good until 10/15/2025.
Read our full Chase Bank review here.
Why I Like It: A great account opening bonus for a student checking account, with one of the largest, most well known banks in the United States.
Learn more about Chase College Checking℠ here.
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$12* (waived when requirements met)
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AL, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, NC, NE, NH, NJ, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV
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6. Cash App
A lot of people only think about Cash App as a money transfer platform, but over the last few years it has evolved into a full service banking product, with accounts, and even tax prep!
Cash App offers a free checking account that has a Visa debit card. It doesn’t charge monthly fees, inactivity fees, or foreign transaction fees. If you have $300 or more in direct deposits each month, you’re also eligible for $50 in free overdraft coverage!
If you’re away at college, it’s also really easy for a parent or friend to transfer you money to your Cash App acocunt.
If you use Cash App Taxes to file your tax return, and elect to have your tax refund deposited to your Cash App account, you can get your tax refund up to 6 days early!
Check out our Cash App Banking Review here.
Why I Like It: Free banking, money transfers, investing, and even taxes!
Learn more about Cash App Banking here.
⚠︎ This Is A Banking Service Provider, Not A Bank.
Cash App is a financial technology company, not a bank. While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited. Read this article from the FDIC to understand the risks of using a non-bank company.
7. Axos Essentials Checking
Axos Bank is a lesser known bank nationwide, but they do offer nationwide free checking! However, where Axos Essentials Checking really shines is in its access to ATMs.
Furthermore, there is no real requirements to maintain free checking at Axos. They have no monthly maintenance fees, no minimum balance requirements, no overdraft fees, and more!
This isn’t directly a college student checking account, but it’s simply a great checking account option.
Why I Like It: No monthly maintenance fees and unlimited ATM fee reimbursement.
Read our full Axos Bank review here.
Learn more about Axos Essentials Checking here.
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Unlimited via Reimbursement
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8. Crew
Crew has becoming one of our favorite apps for family and student checking accounts because of how easy it is to setup accounts for the entire family and make sure that everything is linked up. Also, they don’t nickel and dime you on fees, which is a huge plus.
Crew is great for spending, budgeting, and having a high yield savings account!
Read our full Crew review here.
Learn more about Crew Banking here.
Why I Like It: A family banking option with great checking and savings built in.
⚠︎ This Is A Banking Service Provider, Not A Bank.
Crew is a financial technology company, not a bank. While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited. Read this article from the FDIC to understand the risks of using a non-bank company.
9. Step
Step used to be focused on being a starter checking account for teens. But over the last few years, those teenagers have grown up – and now Step is doubling-down on being a great college student checking account.
Step has two plans. Their basic account is free, and this account still delivers up to 3% cashback on eligible purchases, up to 4% APY in their savings account, and of course, it’s FDIC insured.
They also have the Step Black account, which is $99 per year. This account bumps up the cashback to 8% on eligible purchases, more FDIC insurance, and offers exclusive perks.
Read our full Step review here.
Learn more about Step Banking here.
Why I Like It: A great student checking account with a high yield savings option.
⚠︎ This Is A Banking Service Provider, Not A Bank.
Step is a financial technology company, not a bank. While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited. Read this article from the FDIC to understand the risks of using a non-bank company.
Banking services provided by Evolve Bank & Trust, Member FDIC
10. USAA Classic Checking
USAA Classic Checking is a great choice for free checking if you qualify to have a USAA Account. USAA limits membership to servicemembers and DOD employees and their families, so that could be a bar to entry for some.
USAA used to brand their checking as a student checking account, but now it’s just it’s same USAA Classic Checking with some special pages for college students.
If you do qualify for USAA, then their USAA Classic Checking is a great product, with no fee checking, free checks, online BillPay, and ATM free reimbursements.
Why I Like It: Free checking, free checks, great mobile app for those that qualify for USAA.
Learn more about USAA Classic Checking here.
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Up to 0.01% APY as of August 1, 2019
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Up To 10 Free ATM Withdrawals
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Nationwide for USAA Members
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What Students Need In A Checking Account
Students are typically new to the banking system. They might not have much income. They also might not have a job yet (for direct deposit), or have other accounts at the bank.
As such, they have unique requirements that we wanted to share, so that you can see how we based our criteria for the best student checking accounts.
In order to be one of the best student checking accounts, we put the following criteria in place:
- No Monthly Maintenance Fees: This is a big one. All of the accounts we consider must not charge a monthly maintenance fee. Note, some of these accounts may convert after school, but this ranking is specific to college student checking accounts.
- No Or Low Monthly Balance Required: You shouldn’t have to have huge amounts of money to waive fees or qualify for a free checking account. We only look for banks that don’t have a monthly minimum balance requirement or if they do, it’s incredibly low.
- No Direct Deposit Requirement: Many students don’t have jobs yet, so it can be hard or impossible to get direct deposit. As such, we don’t want banks to require direct deposit for free checking.
- Awesome Online Access: The best free checking accounts will also have awesome online access, a great app or mobile site, and be accessible anywhere.
- No ATM Fees: College students are on the move. They should be able to access their money for free, where ever they are.
What to Watch Out For
- Automatic conversion after graduation: Many banks convert student accounts to standard checking – verify post-graduation fees.
- Overdraft limits: Some banks reject transactions instead of charging, others allow overdrafts with fees.
- Hidden ATM fees: Even “free” networks charge for out-of-network withdrawals.
- Promos and bonuses: Check expiration dates—most change quarterly.
Why These Accounts Made This List
We compared more than 20 student checking options across national banks, credit unions, and fintechs. Each pick offers:
- No monthly maintenance fee while enrolled
- No or low overdraft risk
- Wide ATM access
- Simple online account opening
- FDIC or NCUA coverage, either directly or through it’s partner banks
We prioritize banks that are transparent, easy to open online, and designed for college students under 25.
I’ve been writing and reporting on college student banking and investing products since 2009. I personally have shared my story and use of banking products, and I created this list with the goal of making sure that other young adults are getting great products and services at no (or very little) cost.
When creating this list, I’ve spent well over a hundred hours going through our existing product and service reviews in the banking space, along with my knowledge of banking products from my decade of experience. I’ve tested, tried, or used every product on this list, along with many of their competitors that didn’t make this list.
Furthermore, our compliance team reviews the accuracy of any rates on this list every weekday.
Frequently Asked Questions
Can I open a student checking account without a parent?
Yes, if you’re 18 or older. Minors typically need a joint account with a parent or guardian.
What happens after graduation?
Most banks convert your student checking into a standard checking account. Review whether you can keep the account fee-free by meeting direct deposit or balance requirements.
Are mobile-only banks safe?
Yes, as long as the bank is FDIC-insured or partners with an insured institution.
Can I have two checking accounts?
Yes, some students keep one local account for cash and one online account for when traveling or at school.
Do student accounts earn interest?
Some do – usually at modest rates (0.10–0.25%). If you want to earn more, open a high-yield savings account.
Final Thoughts
These are the best free college student checking accounts right now.
You might also want to look at these key resources:
- Best College Student Savings Accounts
- Best Free Checking Accounts
- Best Online Banks
And remember, these accounts are usually only free while you’re in college. At that point in time, some of these accounts will convert into other products, which may or may not charge fees. Plan accordingly!
Methodology
The College Investor is dedicated to helping you make informed decisions around complex financial topics like finding the best checking account. We do this by providing unbiased reviews of the top banks and checking accounts for our readers, and then we aggregate those choices into this list.
We have picked checking accounts based on our opinions of how easy they are to use, their costs and fees, any interest rates and bonuses provided, and a variety of other factors. We believe that our list accurately reflects the best free student checking accounts in the marketplace for consumers.
Chime
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
⁴ The Annual Percentage Yield (“APY”) is variable and may change at any time. The disclosed APY is accurate as of June 1, 2025. No minimum balance required. Must have $0.01 in savings to earn interest
⁵ ATM disclosure: Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
Editor: Colin Graves
Reviewed by: Richelle Hawley
The post Best College Student Checking Accounts Of October 2025 appeared first on The College Investor.
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