Free Student Checking
Bank everywhere, all the time—for free.
Free Student Checking with free Wachovia MobileSM note 1
Overview
Too little time? Even less money? Wachovia Free Student Checking allows you to access your money whenever and wherever—for less. Affordable, simple and convenient to use, it's the checking account that matches your active lifestyle.
You've got enough to think about—without thinking about checking:
- No minimum balance, no monthly service fee
- No Direct Deposit required
- One free overdraft refund with the "You're Covered Card"
- One free Premium Savings account
- We'll pay you a bonus to save—add Way2SaveSM to Free Student Checking
- Free Wachovia Security PlusSM—our commitment to protect your privacy and security
You're already online. Why not bank there?
- Free Online Banking with BillPay
- Free Incoming Domestic Wires
- Free Balance Alerts and Online Statements
Wherever you are, your account's there too.
Wachovia MobileSM note 1 lets you securely access your account through your mobile device. See supported devices
No limits. Lots of rewards.
- Unlimited use of Wachovia ATMs & unlimited check writing
- Free Check Card available with free Wachovia Possibilities Rewards®
Free's just the start.
Link your account with your parent's Wachovia checking account through College Connection and get 12 non-Wachovia ATM transactions per month note 2: four withdrawals, four account inquiries and four transfers—without paying a Wachovia fee.
What You Get
Bank freely. Really—there's no catch.
Other banks offer free checking with a catch, but Wachovia Free Student Checking offers no minimum balance, no monthly service fee, and no Direct Deposit requirement.
Another great feature—knowing your accounts are protected by Wachovia Security PlusSM. This service uses sophisticated analysis tools and processes to pinpoint and analyze unusual activity, keeping your personal and financial information safe.
No limits. No kidding.
Unlimited check writing and unlimited use of Wachovia ATMs means you can write as many checks as you need and access Wachovia's 5,300 plus ATMs—all for free.
You can't always be close to one of Wachovia's ATMs, so we give you other options.
You can get up to 12 non-Wachovia ATM Transactions per month with College Connection. Simply link your Free Student Checking account to your parent's Wachovia checking account and you'll get four withdrawals, four account inquiries, and four transfers each month at other banks' ATMs without paying a Wachovia fee. note 2
Note: Your account doesn't need to be joined with your parent to take advantage of this benefit.
Save time. Save stamps. Save the environment.
Free Online Banking with BillPay makes banking simple. You can quickly and securely view your account balances, set up Balance Alerts, pay bills online and view bank statements online. It's all free and available 24 hours a day, seven days a week.
Bank everywhere for free with Wachovia MobileSM note 1
Wachovia MobileSM lets you securely view and monitor your account balances and transactions, make one-time transfers between eligible accounts, make one-time bill payments and more—all from your mobile device. It's the ultimate in convenience and it's free with Wachovia. Learn more about our mobile banking options.
Need money from your parents—fast?
All incoming transfers made through Online Banking to your Free Student Checking account are free. Transfers can come from another Wachovia account or from a non-Wachovia account. Incoming domestic wires are also free and serve as another way for your parents to send you money.
Wallet-sized convenience.
Nothing says convenience like a free Wachovia Visa® Check Card available with free Wachovia Possibilities Rewards®. It's a safe alternative to cash, works like a check and ATM card and has no monthly service fee.
Plus, enroll in Wachovia Possibilities Rewards® and earn points for your everyday purchases. You can combine points with any of your enrolled Wachovia Credit or Check Cards to redeem sooner for great rewards like airline tickets, restaurant and retail gift cards, merchandise and more.
Get paid—just for saving.
Link your Free Student Checking account to the Way2SaveSM savings program and we'll pay you a 5% bonus note 4 to save.
We'll also automatically transfer $1 from your checking account to your Way2Save account when you make a Check Card purchase, pay bills online, including through Online Banking with BillPay note 5 or set up automatic debits.
Sometimes mistakes happen—we've got you covered.
The "You're Covered Card" allows students one free overdraft refund in a year. You can easily redeem your card in online banking. See how.
More benefits with Wachovia checking accounts:
- Free Direct Deposits
- Free automated telephone service
- Free notary services
Fees
Open your account today with only $50
The minimum opening deposit for Free Student Checking is $50, then you'll enjoy:
- No minimum balance
- No monthly service fee
- No Direct Deposit requirement
- Free Premium Savings account
Avoid Fees with Overdraft Protection
We know that things happen, so we've made it easy for you to avoid overdrawing your Wachovia Free Student Checking account. Simply link it to another Wachovia deposit or credit account to avoid overdraft charges.
First time NSF/Overdraft fees without overdraft protection can cost you $22. With overdraft protection, the fees are reduced to the following:
| Source of Overdraft Protection Funds | Transfer Fee |
|---|---|
| Another Wachovia checking, savings or money market account | $10 per transaction |
| Wachovia Line of Credit | $10 per transaction |
| Wachovia Credit Card—transfer amount will be treated as cash advance | $5 per transaction |
Additional Tips to avoid overdraft fees:
- Sign up for free Balance Alerts through Online Banking with BillPay, and receive your account balance daily or be notified when your account balance falls above or below the amount you set.
- Use the Free Student Checking "You're Covered Card"—good for one free overdraft refund. See how it works.
Checking Account Transaction Fees
- Stop Check Payment, $25-$31 depending on state
- 2 free Person-to-Person Customer Service Inquiries per statement period, then $2 per inquiry
- Standard Checks, $18-$20
- Non-Wachovia ATM Withdrawals or Inquiries, $2 note 6
- Incoming Domestic Wires, Free
- Outgoing Domestic Wires, $25
For a complete list of fees, please request the Schedule of Fees and Funds Availability from 800-WACHOVIA (800-922-4684).
FAQs
- Free Student Checking. Is it right for me?
- How do I get mobile banking?
- What is the minimum amount required to open a Free Student Checking account?
- Will I be able to make a deposit into my new account in the online application?
- Will I be charged a monthly service fee with a Wachovia Free Student Checking account?
- Does Free Student Checking include free Online Banking with BillPay?
- Does Free Student Checking include a check card?
- Can I use non-Wachovia ATMs for free?
- What do I need to open a Free Student Checking account?
- Will Wachovia do a credit check when I apply for a checking account?
- Where can I find more frequently asked questions about Wachovia Checking Accounts?
Free Student Checking. Is it right for me?
If you're a student, you probably don't have a lot of money for paying fees. Wachovia Free Student Checking is for students who want a checking account that really is free. No monthly service fees. No minimum balances. No Direct Deposit requirements. Plus, enjoy free Online Banking with BillPay, free Wachovia MobileSM note 1, and free Balance Alerts.
How do I get mobile banking?
Easy. Just add free Online Banking with BillPay to your account. Then use your mobile device to visit wachovia.com/mobile.
What is the minimum amount required to open a Free Student Checking account?
$50. No kidding. That's the minimum opening balance. And there's no minimum balance requirement once the account is opened.
Will I be able to make a deposit into my new account in the online application?
Yes. You will just need the account information (routing number and account number) for the bank account you will transfer funds from to make the deposit. All the information you need can be found on a blank check for your other account.
Will I be charged a monthly service fee with a Wachovia Free Student Checking account?
No. There are no monthly service fees with a Wachovia Free Student Checking account. That's why we call it Free Student Checking.
Does Free Student Checking include free Online Banking with BillPay?
Absolutely. That's part of what makes it such a great account. Your Free Student Checking account comes with free, 24/7 access to your account online. You can check account balances and securely pay bills anytime, anywhere. Set up Balance Alerts, receive incoming transfers from your parents, view bank statements online, and bank on the go with Wachovia MobileSM note 1.
Does Free Student Checking include a Check Card?
Yes. A free Wachovia Visa® Check Card comes with this checking account. The card does not have a monthly service fee and comes with free Wachovia Possibilities Rewards® which allows you to earn points for everyday purchases.
Can I use non-Wachovia ATMs for free?
Yes. When you use College Connection to link your Free Student Checking Account to your parents Wachovia account, you get 12 free ATM transactions at non-Wachovia ATMs. This includes four withdrawals, four account inquiries, and four transfers each month without paying a Wachovia fee. note 2
What do I need to open a Free Student Checking account?
Open the account online, if you wish.
If you're a new customer, we'll need to see your Social Security Number, one form of identification (Driver's License, State ID or Military ID), and the account information from your other bank to make your opening deposit (Hint: You can find this info on a blank check).
If you're an existing customer, we'll need your existing online services User Name and Password, checking account number, Check Card or credit card number, and PIN.
Will Wachovia do a credit check when I apply for a checking account?
Yes. We will verify your personal information and credit history with consumer reporting agencies.
Where can I find more frequently asked questions about Wachovia Checking Accounts?
More questions and answers are available in our Checking FAQs.
Get Started Now—Open a Wachovia Free Student Checking Account Online
Open your account online and you can begin using it in less than 8 minutes. For existing customers, it's even faster.
New Customers Need:
- Social Security Number
- ID (Driver's License, State ID, or Military ID)
- Account information from your other bank to make your opening deposit (Hint: You can find this info on a blank check).
Existing customers need an Online Banking User ID and Password.
Valedictorian of Banks
Bank with us and enjoy the benefits of being with the bank that's #1 in customer satisfaction note 3.
Make the Most of Your Account
Learn how to manage your account in our Learning Center, and how Wachovia Security PlusSM protects you.
