A finanicial institution that offers low account fees, some signing bonuses, and great customer support service can be cosidered a good student bank. A good app and freedom to bank from anywhere are some of the perks that most students want. Based on these and some more advantages, here are some most popular banks for students of 2020 that you can consider.

Ally Bank
Although you might not find specific bank accounts for students, the savings or checking account offered by Ally bank are some of the smartest choices for students. The Interest Checking account with this bank gives you access to over 55,000 ATMs all over the world. If you use an ATM that is outside the bank’s network, it will attract a fee. Don’t worry about that, though; because the bank will reimburse up to $10 on every statement cycle. Also, there is no fee for the maintenance of the account, which makes it ideal for students who are usually running on tight budgets.

Chase Bank
The list of most popular banks for students of 2020 is incomplete without Chase, especially for those aged between 17 and 24 years. When you get a Chase College Checking account, you do not have to worry about your monthly service fee till the time you are in college. Also, there are many promotions offered by the bank that makes opening the account with Chase even more exciting. For example, the bank recently offered a $100 bonus on opening a Chase College Checking account in May 2020. The promotional offer is valid till July 9. Even students who are in high school can open an account with the bank with a co-owner. The bank offers 16,000 ATMs and around 4,900 branches in the country. Also, they offer an impressive mobile banking app for students who wish to do everything online. The app allows them to make transactions and manage their Checking Account, too.

Bank of America
Bank of America offers the Advantage SafeBalance account for students who are aged below 24 years. They do not have to pay any maintenance fee while they are in school. This is one of the most popular banks for students of 2020 because they do not have to pay any overdraft fee either. If there isn’t sufficient money in your account, the transaction will simply be declined. The bank does not offer any physical checks, but students can use online banking for payments, use their credit cards for their expenses, and even send or receive money. They can do all of this using Zelle. If you need physical checks, they can switch to the Advantage Plus Banking account. The bank has a large network of about 4,300 branches with 16,800 ATMs.