Checking accounts
One monthly fee, every everyday transaction included
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Personal
Student banking
No monthly fee while you study, and no catch at graduation
Overview
A full checking account with no monthly fee for as long as you are enrolled at an accredited college or university, up to age 27. Same app, same card, same instant payments as any other HBI account.
When you graduate we move you to the Everyday account and tell you a month before the first fee is charged. Nothing happens quietly.
Why HBI
Banking that says the price first
Every HBI personal product is built the same way: one published fee, one published rate range, and the conditions written on the page rather than in a footnote. You should be able to work out what something costs before you speak to anyone.
When your circumstances change, the product should change with you. Moving between account tiers is free, paying off credit early carries no penalty, and we write to you before a fee that affects you changes.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Free HBI-to-HBI transfers and free instant payments to other banks
- A free virtual card for online use, separate from your physical card
- Savings pockets for tuition, textbooks and the things you would rather not spend
- Private student loans, with or without a cosigner
- Interest-free device financing on one laptop or tablet per academic year
- Campus bankers at twelve universities during orientation weeks
What you need to qualify
- Proof of enrollment at an accredited college or university
- Aged 18 to 27
- Social Security number or ITIN and a photo ID; international students may use a passport and student visa
- Annual re-confirmation of enrollment to keep the fee waiver
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Good to know
How we look after you
Three commitments that apply to every personal product, this one included.
Thirty days’ notice of any fee change
Fees are reviewed once a year. We publish changes at least thirty days ahead and write to you directly when a change affects a product you hold.
Your deposits are protected
Deposits are insured by the FDIC up to $250,000 per depositor, per ownership category. Coverage is automatic and costs you nothing.
A complaint goes to a person
Tell us first and a named case handler replies within two business days. If we have not resolved it in twenty, you can submit a complaint to the Consumer Financial Protection Bureau at no cost.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
Your account moves to HBI Everyday at $12 a month. We notify you thirty days before the first fee, and you can switch tier or close the account at no cost.
Yes. Private student loans cover tuition, housing and books. Payments can be deferred while you are enrolled and begin six months after you graduate. Compare federal student aid first, which usually costs less.
Not if you are 18 or over. Under-18s should open a youth account, which requires a guardian.
Tell us and we hold the fee waiver for twelve months. Without confirmation of enrollment the account moves to Everyday at the next annual review.
Related
You may also want
Products clients commonly hold alongside this one.
Youth & child accounts
Their money, your oversight, and nothing hidden from either of you
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Savings accounts
Instant access, a published rate, and no fee to hold it
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Personal
Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.