Find financial independence with a personal checking account that's designed for your student lifestyle. A student checking account helps stretch your budget with no monthly maintenance fee, no direct deposit requirement, overdraft protection, a personalized debit card and mobile banking.
Best if you
- Are a student age 23 or younger1
- Want a basic checking account designed just for students
- No minimum opening deposit
- No monthly maintenance fee
- No-fee online statement. Paper statement fees may apply. The fee is waived if you enroll in online banking and choose to receive online-only statements.
See all pricing and fees.
Enjoy these additional benefits
- Option to personalize your debit card
- Securely deposit checks from your smartphone or tablet with mobile check deposit4
- Free access to over 3,100 BB&T ATMs
- Unlimited automated account information through BB&T Phone24 at 800-BANK-BBT (800-226-5228)
- U by BB&T money management tools, including a customizable dashboard, cash back with BB&T Deals and personal payments
Keep tabs on your account
- Use U by BB&T®, our customizable online and mobile banking experience, to monitor your BB&T and non-BB&T accounts, pay bills, set and track spending, manage your receipts and more
- Receive important account alerts by email or text
- Choose online statements for convenient access to your account statements from your computer or mobile device
What can U do for me?
See how U by BB&T can make managing your money easy and convenient.
So what exactly is U? Here’s the two-minute version.
U is based on the idea that everyone’s finances are unique and that managing your money should be simple. Let’s take a look inside.
First of all, you can still do all the basics. It’s very easy to see your balances, transfer money, pay bills, and deposit checks.
But now we’ve separated all of the features into tiles, like you see here. And here’s the cool part: You can create and customize your own financial dashboard based on what’s important to you.
So, what if you’re all about rewards? Move your credit card rewards to the top of your dashboard so it’s the first thing you see when you log in. Or maybe you want to move your categorized spending from here to here.
Even colors are your choice. Make U your own with a variety of new color themes.
Or say you don’t want any of this. Say you want the cleanest dashboard possible. Well, you can skip the fancy tiles and have that, too.
But that’s not all. There are a lot of new features, too.
For example, now you can see all of your accounts, not just with BB&T.
Paying your friends is way easier than it used to be, too. You can pay anyone directly with just their email address or mobile phone number.
You get a real banker that you can connect with, or schedule appointments on your time.
With Quick View Balance, you can see balances without logging in.
You can set your own customized budget with our Plan and Analyze tools, and we’ll track your progress as you go.
This is the new receipt tile. It helps you capture and store your receipts, even attach them to your transactions. No more paper needed.
What you see today is only the beginning. We’ll continue to add new features that help make your life a little easier and help you make better financial decisions.
Then we want to hear about them from you. You can tell us if you like them, or if they need more work, and what we should build next. Because at the end of the day, it’s your bank, it’s your money, and it’s all about you, and that’s what U is all about. Log on or enroll today.
How much will college cost?
It's no secret that college is expensive. But if you have a handle on the costs of attending college, you'll be better able to set your savings goals.
Know all of the costs
College is expensive, and the price continues to go up. For the 2015–2016 school year, the average cost for one year of tuition, room and board at a 4-year in-state school was $19,548, up 3.1% from the previous year. The same cost for a year at a private nonprofit 4-year school was $43,921, a rise of 3.3%.*
With these figures getting larger every year, you’ll need a plan to pay for college. You can establish a more accurate savings plan when you understand all of the costs involved.
- Tuition and fees – includes enrollment and instructional expenses
- Room and board – includes your residence at the school, your meal plan and other living costs that vary by school (some of them may even include laundry)
You’ll also have additional expenses for:
- Computer equipment
- Mobile devices
- Spending money
Look for financial aid
Here’s the good news: You may be eligible for financial aid from the government and possibly from the college itself. Financial aid is intended to fill the gap between what your family is expected to pay and the actual cost of college. It can take the form of grants, loans and work study.
The amount your family is expected to pay, called your Expected Family Contribution (EFC), is derived by applying a formula based on information you provide in the Free Application for Federal Student Aid (FAFSA), which you have to complete every year. It includes questions concerning your income, assets, family size and the number of people in your household currently attending college.
More good news: Your EFC does not change, regardless of the college. For example, if your EFC is $15,000, you'll be expected to contribute $15,000; it doesn't matter if the college costs $19,000 or $40,000.
Start a 529 college savings plan
529 plans are an increasingly popular way to save for college. Named after Section 529 of the Internal Revenue Code, these plans offer unique tax advantages and flexibility that are ideal for college savings.
- No income restrictions for contributions
- Tax-free earnings
- Tax-free withdrawals for qualified higher education expenses
- No age restriction for beneficiaries
- Variety of investment or FDIC-insured savings options
You can open a 529 account for your child, grandchild—even yourself! And unlike the Coverdell Education Savings Account, there are no income restrictions. Contribution limits per beneficiary vary by state for 529 accounts. Earnings on the account grow tax-free, and depending on where you live, you may also qualify for state tax deductions.**
Before selecting the account owner, be sure you understand how this decision may impact financial aid. When determining your EFC, funds in an account owned by the student will be assessed at 20%, meaning that 20% of the 529 plan savings are considered available to pay for college. But if the 529 is owned by the parent, the funds will be assessed at a maximum of 5.64%. So in most situations, it makes the most financial sense for the parent to own the 529 account.
* Source: The College Board. Trends in College Pricing 2015, Published Charges over Time, Table 2B.
** See your tax advisor for rules governing tax deductibility in your state.