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Free Student Checking

Free Student Checking

Take the first step toward a healthy financial future. Manage your money with our free student checking account, free for students under the age of 181. There is no monthly fee when you enroll in online statements8, and no overdraft or returned item fees2 if you accidentally overdraw your account.

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A Free Checking Account for Your On-the-go Lifestyle

You've got places to go, things to do — you don't want to miss out on any opportunities. With our Free Student Checking account you don't have to. We're making checking simple with Online and Mobile Banking, a free Visa Debit Card, and access to QuickSave to help you get the right start with savings.

Simple Guide to Free Student Checking

Account Features

  • Convenience

    The Convenience You Need

    You do research for your homework online, so why wouldn't you bank online? With a Free Student Checking account from Bank of Albuquerque, you'll have access to free Online3 and Mobile Banking, so you can deposit checks, transfer funds and view your transaction history right from your smartphone.

  • Debit Card

    The Flexibility You Want

    Our checking account for students lets you use our free Visa® Debit Card online or in stores across the world. We’re all about helping you develop sound money management habits, so if you accidentally overdraw your account, you’ll pay no overdraft or returned item fees2.

  • Savings Goals

    Reach Your Goals Faster with QuickSave

    The best time to start saving is when you're young, so our Free Student Checking account comes with access to QuickSave, a tool designed to help you save money automatically. You'll be surprised by how quickly it adds up!

Enjoy These Perks with Your Account

Free Student Checking is ideal for young people under the age of 18, and is packed with convenient features and enhancements, designed to help you live your best financial life. How you shop, spend, budget, save or send money should be up to you. After all, it’s your money. We’re just here to make it a little easier for you.

  • Deposit checks, set account alerts, transfer funds, access your account statements, and manage your debit and credit cards all from our mobile app. Schedule an appointment to speak with a banker, or use our 24-hour automated ExpressBank to manage your account.
  • Send and receive money between friends and family with Zelle®, make external transfers to your account at another bank, and transfer funds between your accounts with us. Use Apple Pay4 and Samsung Pay5 to easily and securely pay in-store, in-app, or online.

    Note: A U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes and generally do not incur transaction fees. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

  • Easily find our banking centers and ATMs near you. You can use Bank of Albuquerque ATMs to deposit checks, transfer funds, check your balances and more. Plus get free access to more than 32,000 additional no-fee ATMs nationwide.
  • With this account, you will never pay an overdraft or returned item fee.2 But you can avoid returned payments if your balance is not sufficient to cover an item, because this account allows free overdraft protection transfers6 from your linked savings, money market account or personal line of credit. Visa's Zero Liability7 covers unauthorized charges on your debit card when promptly reported. Instantly block and unblock your debit card if lost or stolen, and set account alerts to stay in the know on your account activity.

More about Free Student Checking

  • Minimum opening deposit of only $25
  • Free Overdraft Protection transfers from your linked funding account into your checking account, should your account balance drop too low6
  • Free Visa® debit card
  • Free online and mobile banking with Bill Pay
  • Free access to more than 32,000 ATMs nationwide
  • QuickSaveSM - if enrolled, this rewards program automatically adds money to your Savings account with a bank match
  • Free online statements8
  • ExpressBank 24-hour telephone automated account information
  • There is no monthly fee for this account.
  • If you choose to receive a monthly statement via postal mail, a statement fee of $2 will be assessed each month. To avoid this fee, you can turn off paper statements by logging in to Online or Mobile Banking, selecting “online only”, and accepting the Online Statements Terms and Conditions. Opting out of paper statements will terminate the mailing of your monthly statement.

$25 opening deposit is required.

1 When the student turns 20 years of age, the bank will convert the account to Free Checking or other appropriate product offering. See current Free Checking account details found within the Free Checking Simple Guide. This account must be co-owned by a parent or guardian.

2 Although this account will help you avoid overdrawing your account in most situations, there may be times when your account could have a negative balance. One situation in which this could happen would be if a transaction for a certain amount is approved, but the final charge exceeds the balance in your account, such as when you use your debit card at a restaurant, and add a tip separately. In this example, the total transaction amount would result in you overdrawing your account, but we would not charge you an overdraft fee.

3 Online Bill Pay is not available with the Free Student Checking account.

4 Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay is a trademark of Apple Inc.

5 Samsung, Samsung Pay, Galaxy S (and other device names) and Samsung Knox are trademarks or registered trademarks of Samsung Electronics Co., Ltd. Other company and product names mentioned may be trademarks of their respective owners.

6 If you are enrolled in Overdraft Protection, we will automatically transfer any available funds at no charge to you from your linked savings, money market account or personal line of credit with us into your checking account at the end of any business day on which your Available Balance is less than zero. Limited to one linked savings or money market account or personal line of credit as a source of funding. Accounts are not automatically linked. Please notify your banker which account should be linked.

7 Visa's Zero Liability Policy does not apply to ATM transactions or to PIN Transactions not processed by Visa. U.S. issued cards only. See terms and conditions for Visa Debit Card.

8 If you choose to receive a monthly statement via postal mail, a statement fee of $2 will be assessed each month. To avoid this fee, you can turn off paper statements by logging in to Online or Mobile Banking, selecting "online only", and accepting the Online Statements Terms and Conditions. Opting out of paper statements will terminate the mailing of your monthly statement.

Ready to Get Started?

Safely and securely open a Free Student Checking account online or by phone at 855-202-8732.

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See the Summary of Fees and Definitions and Agreements and Disclosures.