U.S. News and World Report recommends Bank of America, Citibank and the Navy Federal Credit Union as the best banks for students. Other banks that scored highly include Wells Fargo and U.S. Bank.
Three factors were taken into account when choosing which banks were best for students. These were the absence of fees on products like checking accounts, accessibility in the form of convenient bank branches and ATMs and tools for managing money. Together, these help ease students who may be relatively new to managing their finances into being able to keep track of a budget, avoid late fees and develop other skills associated with successful money management.