Banking
Rather than opening an account at the first bank you see, do a bit of
shopping around. It is possible to find a bank in Cambridge with no-fee
checking accounts, allowing you to save $5-15 per month on the service
charges many banks now charge. There are a few banks that waive all fees
with a $500 or $1000 minimum balance, and at least one that has no minimum
balance requirements.
Cambridge Trust Company, a small bank with branches in Cambridge with a few ATMs in the area.
Larger banks, such as Bank of America, which ate Fleet Bank recently, offer several checking options for students. A listing of the many area banks is available in The Unofficial Guide to Life at Harvard including detailed information about various accounts. Visit them; if you think you can do better, you might consider Internet banks as a final option.
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