Leading Banks in North Dakota for Students in 2025

Leading Banks in North Dakota for Students in 2025

Choosing the right bank account is a crucial decision for students in North Dakota as they manage their finances during their academic journey. In 2025, several banks stand out for their student-friendly offerings. This article provides a comparative review of these banks, outlining eligibility requirements, the account opening process, typical fees, and alternatives.

Quick Summary

In North Dakota, students have access to several banks that cater specifically to their needs. The most notable options include:

- Bank of North Dakota (BND): Offers a student checking account with no monthly fees.
- Wells Fargo: Provides a student account with a range of services but may have some fees.
- First International Bank & Trust: Features a youth account with minimal fees and helpful online banking options.
- Gate City Bank: Offers a student account with no monthly fees and easy access to mobile banking.

Each bank has its strengths and weaknesses, making it essential for students to consider their individual needs when selecting an account.

Eligibility & Requirements

Bank of North Dakota (BND)

- Eligibility: Open to students enrolled in a college or university.
- Requirements: Valid student ID and proof of enrollment.

Wells Fargo

- Eligibility: Students aged 17–24.
- Requirements: Proof of student status (such as a student ID or enrollment letter).

First International Bank & Trust

- Eligibility: Generally available for students ages 16–24.
- Requirements: Must provide proof of student status.

Gate City Bank

- Eligibility: Students aged 13–24.
- Requirements: Proof of enrollment in an educational institution.

Step-by-Step Opening Process

Bank of North Dakota (BND)

1. Research: Visit the BND website for detailed information.
2. Gather Documents: Collect necessary documents, including a student ID and proof of enrollment.
3. Visit a Branch: Open an account in person at a local branch or online if available.
4. Initial Deposit: Make an initial deposit if required.

Wells Fargo

1. Online Application: Start the application on their website.
2. Provide Information: Enter personal information and upload proof of student status.
3. Review Terms: Go through the account terms and conditions.
4. Submit Application: Complete the application and fund the account.

First International Bank & Trust

1. Online or In-Person: Choose whether to apply online or visit a local branch.
2. Documentation: Provide proof of student status.
3. Agree to Terms: Review and agree to account terms.
4. Account Setup: Fund the account as needed.

Gate City Bank

1. Account Selection: Choose the student account option on their website.
2. Fill Out Application: Complete the online application form.
3. Verification: Submit proof of enrollment.
4. Account Activation: Fund the account to activate it.

Typical Fees & Timelines

Bank of North Dakota (BND)

- Monthly Fees: No monthly fees.
- Transaction Fees: No fees for standard transactions.
- Timeline: Account can often be opened immediately upon verification.

Wells Fargo

- Monthly Fees: $0–$10, waived with qualifying conditions (like direct deposit).
- Transaction Fees: $0.50–$3 for out-of-network ATM withdrawals.
- Timeline: Online applications may take 1–3 business days for processing.

First International Bank & Trust

- Monthly Fees: Generally $0.
- Transaction Fees: $0.25–$1 for certain transactions.
- Timeline: Typically, accounts are activated within 1–2 business days.

Gate City Bank

- Monthly Fees: No monthly fees.
- Transaction Fees: $0.50 for out-of-network ATM withdrawals.
- Timeline: Accounts can be set up in a few hours if done in-person.

*Please verify all fees and timelines with the respective banks as they may vary.*

Alternatives & Digital Banks

In addition to traditional banks, students may also consider digital banks and credit unions that offer competitive rates and lower fees. Notable alternatives include:

- Chime: Offers a no-fee checking account with early direct deposit.
- Ally Bank: Provides an online savings account with no monthly fees and competitive interest rates.
- Local Credit Unions: Often provide student accounts with lower fees and personalized service.

These digital banks and credit unions can serve as viable options, especially for tech-savvy students or those who prefer online banking.

FAQs

1. Can I open a bank account without a Social Security number?Yes, some banks allow international students to open accounts using a passport or other forms of identification. Check with individual banks for their specific policies.

2. Are there age restrictions for student accounts?Most banks require account holders to be between 13 and 24 years old. Verify with the bank for any specific age requirements.

3. What documents do I need to open a student account?You typically need a valid student ID, proof of enrollment, and a form of identification (like a driver's license or passport).

4. Are there any fees associated with student accounts?While many student accounts have no monthly fees, some may charge for specific transactions. Always check with the bank for detailed fee structures.

5. Can I manage my account online?Yes, most banks offer online banking services, allowing you to manage your account, pay bills, and transfer funds easily.

6. What happens to my student account after graduation?Some banks may convert your student account to a standard account, which may have different fees. Contact your bank to understand the transition process.

7. Can I use my student account while studying abroad?Yes, you can typically use your account internationally, but be aware of foreign transaction fees and ATM withdrawal charges.

8. How can I avoid fees on my student account?To avoid fees, maintain the required minimum balance, set up direct deposit, or meet other qualifying criteria set by the bank.

Conclusion

In summary, North Dakota offers various banking options for students in 2025. Each bank has distinct features, fee structures, and requirements, making it essential for students to evaluate their financial needs and preferences. By understanding the available options, students can make informed decisions that help them manage their finances effectively during their studies.

Disclaimer: For informational purposes only; not financial/tax/legal advice.

About the Author

Marks Toms – Editor-in-Chief
Marks oversees editorial policy, compliance, and fact-checking at bankaccountsopen. Read more articles