In this article, we’re going to share how to open a student account online.
This will include important considerations for students studying in their home country (resident students) and students studying abroad (non-resident students).
Please note that this article will be focusing on accounts for students over the age of 18, so primarily high school and university (or college) students.
This article is part of our free series on how to apply and how to open a bank account, which covers bank accounts for all stages of life and all possible scenarios.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Open Student Account Online
- Opening an Online Student Bank Account
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Open Student Account Online
Yes, it is possible to open a student account online if you have the necessary supporting documents, which typically includes a government-issued form of identification, proof of residence in the country where you are applying, proof that you attend a qualifying academic institution, and completion of the account opening application.
While most major banks offer the ability to open a student account online, it’s important to note that all banks will likely have different requirements. For instance, certain banks may require that a student has been resident in the desired country for a number of years. This effectively eliminates the ability of foreign students who are moving to a new country for school to open.
With this in mind, many foreign students (and their parents) consider opening bank accounts with major international banks that have children’s savings accounts and the best accounts to open. While these are not student-specific accounts, they can offer all of the same benefits and even more. This has the added benefit of being connected to the parent’s account, which can be held at the same bank.
Additionally, it’s important to note that all options (local and international) will provide the student with a local currency debit card, mobile access, and access to relevant credit either through an overdraft or a secure credit card.
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Opening an Online Student Bank Account
Opening an online student bank account is common practice. Most major banks prefer students to complete the process online through their websites. This enables all documentation and student information to be captured and processed remotely. In short, this is less time-consuming and more efficient for both the student and their chosen bank.
Alternatively, if you’re looking to set up an account for your newborn, the best kids savings account will differ depending on your financial goals. However, you can click the link here to learn more about setting up your child financially with the best bank accounts.
Does a Student Bank Account Come With a Debit Card or a Credit Card?
Yes, a student bank account does come with a debit card, which is directly linked to the account. However, student bank accounts with credit cards are not common. Instead, a student credit card would need to be applied for separately after a student bank account has already been approved.
Frequently Asked Questions
Below are two of the most common questions that we receive from people looking into how to open a student account online. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can I Open a Student Bank Account Online?
Yes, you can open a student bank account online. Most high-street banks prefer that applicants complete the online application instead of visiting a branch. This allows the student to download, complete, and submit all account opening documents without needing to visit a branch.
How to Open Student Savings Accounts?
To open student savings accounts, applicants will need to complete an application and submit supporting documents similar to any other account opening process. That said, additional documents are typically required by banks that offer student accounts. These may include proof of enrollment in a qualified academic institution.
Do You Want Help Opening Bank Accounts?
If so, you can access GlobalBanks Insider and start the process of applying for an offshore account in a few clicks.
GlobalBanks Insider is a dedicated account opening solution that involves direct support from our team and direct introductions to the banks of your choosing. It gives you instant access to the…
+ Direct support from a team of banking experts
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+ Answers to your most pressing questions and challenges
+ Expert insights on which banks to choose & why
+ Plus FULL access to our entire suite of account opening tools and intelligence!
And “yes!” GlobalBanks Insider is designed to help foreign and non-resident individuals and companies open bank accounts.
You can learn more on the products page from the main menu above.
