College Debit Cards
Many colleges are making financial aid available on a college provided debit card. The money may be more conveniently available to students. Many students are taking them up on this offer and using their financial aid right from the debit card. But did you know there are reasons to not do this? College students need every dime of financial aid. Some debit cards provided by the college may charge you a fee if you actually use it as a debit card. You should be able to use it as a credit or check card, then there should be no fee. If you cannot do this, you should not be getting your financial aid on a debit card. Did you know that the colleges are probably getting a bounty for each student they get a debit card to? The colleges do not actually run the cards. Private banks do. You are then dealing with a private bank. You can avoid fees as well if you just withdraw cash to use from ATMs run by that bank. The problem is, there may not be these ATMs readily available to you at any g...