Are you headed off to college this fall? If you’re like most college freshmen, you are probably worried about finding your way around campus and meeting your new roommate. But have you thought about how to access and manage money while you’re away?
Starting college makes you a bona fide grown up. That means you will need a checking account. After all, you will have some source of income – whether it comes from your folks, overage checks or a part time job – and will need a place to keep your money safe. The piggy bank your grandma gave you when you were four just won’t cut it anymore.
Here are some VCNB products that we think will help.
Checking My Way – This checking account is a great option for a young person just starting out. This account has no minimum balance requirements and there are no fees if you take electronic statements. It comes with a free debit card or the opportunity to upgrade to a vanity debit card for $5. With free access to Online Banking and Mobile Banking, you can access accounts, pay bills and transfer funds with your computer or mobile device.
Mobile Deposit – Use your mobile device to deposit paper checks to your account for just a .50 cent per transaction fee (and standard data rates). You simply use our mobile banking app and the camera on your device to take a picture of both the front and back of the check. It will deposit into your account, from anywhere in the world.
Online Bill Pay and Popmoney – Use Online Bill Pay through VCNB Online and Mobile Banking to pay bills. No need to mail a check for your car insurance. Just sign into Online Bill Pay at VCNB to schedule one time or recurring payments. Another perk of Bill Pay is access to Popmoney ® personal payment service. Popmoney ® allows you to send and receive money to and from an individual. So if you owe a friend for pizza or if mom and dad wish to give you money, it can be done through Popmoney®. At .50 cents per transaction, it is quicker and cheaper than mailing a check.
General Purpose Reloadable MasterCard © – If you don’t trust yourself with a lot of money at once, a VCNB General Purpose Reloadable Mastercard © is a great way to pay. With this card, you load it with a specific amount. Once the money is spent, it is gone and there is no risk of overdraft.
If you are leaving the area for college and are concerned about ATM or branch availability, remember this: PIN and signature based purchases with your debit card are free. Any time you make a store purchase, you have the option of getting cash back. With just a small store purchase, you can get cash back for no fee. Also remember that mobile banking allows you to deposit checks from anywhere in the world and online/mobile banking make it possible to transfer funds, check balances and even pay bills with a few mouse clicks.
And at the risk of sounding like your parents, remember to be careful when it comes to credit cards. One of the first people you will likely speak to on campus will be someone offering you a credit card. We offer credit cards at VCNB but we encourage you to use this line of credit wisely. Use credit cards for emergencies rather than for daily purchases and be sure to not charge more than you can pay off in a month.
So before you head off to college, swing into your local VCNB office or check us out at www.vintoncountybank.com. Our New Accounts Officers would love to give you all the details on these products and on others that we think you can use.