If you’re a senior in high school or joining college, you should know the basics of personal finance. One of the major steps toward financial independence is opening your own bank account. In this article, we have compiled a list of the most popular banks for students of 2020. These banks offer low fees, user-friendly mobile apps, online banking services, ATM services, and other conveniences that are great for students:

• Chase Bank
  Chase is among the most popular banks for students of 2020 because of its student-friendly policies, including a bonus of $100 for opening a College Checking Account. Also, they don’t charge a monthly service fee for college students between the ages of 17-24. There’s also the Chase High School Checking account for students between the ages of 13-17 and Chase Freedom Student Card that allows cashback on purchases. The bank also has several ATMs and branches across the country and boasts of a user-friendly app and online banking system.
• US Bank
  The fifth-largest bank in the nation, the US bank offers lots of student-friendly features and seamless online banking experience. It gives college students the first set of paper checks for free, and its Student Checking Account comes with zero transaction fees for the first four non-American-bank ATM transactions. Additionally, a Student Checking Account with the US Bank makes you eligible for conveniences like mobile check deposit and transfers or receipt of money through the Zelle app.
• Capital One
  Capital One is one of the most popular banks for students of 2020, especially if you’re still underage. The bank’s MONEY account allows teenagers to have a joint checking account with their parents. With the MONEY account, teenage account holders get a debit card in their name and access to the online banking app. The students also earn an Annual Percentage Yield (APY) of 0.20 percent, a number much higher than that offered to traditional account holders. Capital One’s MONEY account gives parents access to the app so that they can set up automatic monthly allowance deposits, make one-time transfers, receive notifications and texts about account activity, and more.
• TD Bank
  With excellent customer service, extended working hours, and weekend service, the TD Bank is one of the most popular banks for students of 2020 on the East Coast. Their TD Student Checking account offers students a higher APY than other banks, and the bank also allows zero monthly maintenance fees on Savings and Checking accounts. They have user-friendly mobile banking and apps and are integrated with Zelle. Students also get the convenience of loading their TD Bank Visa Debit Card on their mobile wallet or using it for contactless payments.
• Ally Bank
  Although Ally Bank doesn’t offer a specific account for students, it’s Interest Checking and Online Savings accounts are great picks for college students. Ally bank doesn’t ask for a minimum opening deposit or charge any monthly maintenance fees. It charges a maximum of $25 per day for overdrafts, which is less. This online bank has an Allpoint network that allows access to 55,000 ATMs worldwide.