If you are a new college student, you need to start making some financial decision and compare student bank accounts that the banks offer. A lot of students assume that the bank accounts that are available to them are similar. This is simply not true. Banks have different perks for their student accounts.

Given below are few things that students must take into consideration before opening a bank account. Almost every bank offers online access as well as free ATM withdrawals. These are conveniences you definitely want to have in your busy college life. But the number of branches should not be deciding factor

What are the other important features then?For a good beginning, always go for the biggest overdraft. Getting cheap financing through your bank can help with your education in a big way. Hence getting a hat with your school's logo is not the best decision factor to choose your bank.

Overdraft matters a lot more than freebies to get you through hard times. The overdraft will allow you to borrow more than your deposits, financing your education and expenses. A student racks up about $25,000 in student loans, so it's good to be able to borrow from your bank. Cheap financing is pretty important as a result.
The best solution for this is to go for the lowest interest rate available. Compare and get the lowest interest rates for your account.
Here are some tips to manage your overdrafts.

• 
  
• Do NOT exceed the limits without your banks consent.
  
• Consult with your bank if you will go over your limit. If you get it wrong, then you will face huge credit rating problems that would not leave you for years to come.
  
• The bank may send collection agencies after you and have additional charges, so stay on the safe side.
  
• Do not ever borrow more than what you need. So never borrow unnecessarily, unless and until it is required urgently.
  
• You will pay the loan back when you graduate, so keep the borrowings to a minimum.
  
• So always prepare a budget before hand and never spend more than what is absolutely necessary.
  
• Your borrowing impacts your credit score, so borrowing little and paying on time helps build your score.
  

If you follow these guidelines, you will be able to leverage your bank account for your education in many ways.

Additional resources to enjoy
Compare Student Bank Accounts
Best bank accounts
Checking accounts secrets revealed

Checking accounts are the simplest type of bank accounts. Choosing the right checking account for your needs may get confusing. The important items to watch out are quite a lot, to name a few:

• 
  
• Annual fees/charges
  
• Access to ATM network
  
• Wire transfer fees
  
• Requirements for minimum balance
  
• Least amount to open an account
  
• Initial high rates for a new account
  
• Bonus cash for account opening
  

You should watch out for the fees in the checking accounts. Negotiating these fees generally not possible. This is where the banks make a good portion of their profits. Few banks are up-front about these charges.

Banks offer promotions from time to time to attract new customers. One popular offer is cash bonuses. Many banks have been giving away GPSs or Iphones.

Some banks give promotions to existing customers even if they do not add new deposits but these are harder to come by. You should fish for these deals when you visit your local branch.

These type of accounts are among the least risky, since they are covered under the FDIC insurance.

Some other interesting resources
How to choose the best checking accounts?
http://www.bestcheckingaccounts.net/best-high-yield-checking-accounts/Find high yield checking accounts