Places that Handle Money
We all know that banks are where we store the cash. Leaving for college comes with so many new things, but handling their own money can be one of the scariest. We have all kinds of suggestions regarding Working While in College, Teaching Them to Budget; even the Best Credit Cards for College Students, but this blog is all about banking. I, personally, find it best to have an account for my daughter at the same bank as mine. It makes it easy to slide money over whenever I need to. Students only need to sign up for E-Deposit by logging into their OASIS account to have financial aid balances/awards deposited into their personal bank account. USF’s financial partner is the USF Federal Credit Union. Not only do they have ATMs across campus but they also have a student-run branch at the Marshall Student Center.
The following banks are on or near campus:
- Bank of America
- SunTrust
- Chase
- USF Federal Credit Union
- Wells Fargo
- Regions Bank
- Pilot Bank
- Fifth Third Bank
- PNC Bank
- TD Bank
These days a lot of students use Venmo, Zelle, and other money transfer apps. They don’t recommend getting the Venmo card but find it convenient for just about everything. Roommates send each other their portion of the rent or electric bill, or their share of last night’s Uber, right through the app. Some parents prefer this method of sending money. There are no fees if you link it to your bank account instead of a credit card. Now that you have the money, the best thing is for your student to learn to budget. So the next step…budgeting.
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