- Bank Account
There are several types of accounts and each bank has its own policies governing its accounts. Always inquire about a bank’s services before deciding on the type of account. Make sure you carry identification with you (passport, I-20).
- Checking Account
A bank account against which checks can be drawn. There may be a monthly service fee.
A written order to a bank to pay the amount specified from your checking account.
- Bounced Check
Checks not paid because there is not enough money in the account. Fees include a fee from your bank, as well as from the payee.
- Service Charge/Fee
A fee for banking services.
The amount of money available in the account.
- Bank Statement
A monthly statement of activity on a bank account.
- Credit Cards
Issued by banks, gasoline companies and stores and are used to delay payments for purchases. If you have an international credit card, bring it with you – it is an excellent form of identification. If you apply for a credit card while in the U.S., please keep in mind that credit cards are sometimes refused to international students. Remember a credit card bill has to be paid monthly.