Being Smart with $$ - Local Banks' May Be Good for Distant College Students

Nice tip for Metrowest Boston families that will soon be sending a child to college out of the area. My friend at Needham Bank told me of their no-fee ATM accounts that allow students to use any bank ATM around the world and get reimbursed for the fees that bank may charge.  If your current bank doesn’t have multiple branches near the new school you could get hit with many ATM fees.  And the most convenient part of the Needham Bank account is that the parent can fund the account locally anytime more cash is needed (such as for that emergency kegger in the dorm. 21 and older please to tip that cup! And NO driving!)  Not in Metrowest Boston? Check your own small, local banks for a similar deal.

Larry Pike, CFA
www.clientpriority.com
Blog: clientpriority.blogspot.com