U.S. Bank and Citibank
U.S. Bank vs Citibank
Best: Banks for student checking
Branches: U.S. Bank has 3,080 in 25 states; Citibank has 1,030 in 14 states

Minimums to avoid fees: None

Out-of-network ATM fees:
• Four free per month, then $2.50 after that from U.S. Bank
• None from Citibank

Why they're winners: Both banks offer student checking with no account-maintenance fees -- ideal, since college kids are unlikely to watch their balances -- and robust mobile banking that includes remote check deposit.

Since young adults hit the ATM often, we weighted that highly here. U.S. Bank is bigger, meaning greater chance of a branch near Junior's school, but Citibank doesn't charge for out-of-network ATM use (though the bank operating the machine will likely still levy a fee).

Caveats: Because of other-bank ATM fees, you'll want a bank that has the larger number of cash machines near your child's campus and your home.

How we picked the Best Banks.

  @Money - Last updated September 26 2012 09:52 AM ET
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