The so-called debit card is the function of the savings account. In the United States, almost every bank provides applications for debit cards, and it is not necessary for the applicant to have a credit record and SSN number, nor to refer to a series of conditions such as the applicant's job, salary, whether he holds an American green card or an American citizen, so opening a card is almost zero risk. The condition for opening a card is that you provide a certain down payment. Moreover, debit cards of big banks such as Bank of America, Chase and TCF are free of annual fees, and there is no handling fee for withdrawing money at designated ATMs, which is very convenient. Remittances to and from China are generally made by debit cards, because credit cards have no ability to save money.

Bank accounts are mainly divided into checking accounts and savings accounts. The main difference is that a checking account is a current account with no interest. Savings accounts will have different interest rates according to the amount of deposits. I suggest you apply for a college examination. After opening a checking account, the bank will send you a check and a debt card &; ATM cards (the regulations of each bank may be different), of course, these are optional. Students who want to open a savings account should read each policy carefully, because some savings accounts require a minimum deposit, sometimes a minimum deposit of 65,438 US dollars+00,000 yuan, so please read it carefully when applying for a savings account.

credit card

Many students still use credit cards brought from China after coming to the United States. In this way, parents will know your specific consumption here, which can avoid spending money indiscriminately, but it also has disadvantages. Credit cards are more troublesome than debit cards in application, consumption and repayment, but the biggest advantage is that they can be advanced in advance. Credit card application is really troublesome and the success rate is not high. It's just one of the payment methods for consumption, and most credit cards also need an annual fee. Therefore, whether international students apply for a credit card can be decided according to their own needs. There is no need to apply for a credit card for students who stay for a short time. For those who plan to stay abroad for more than three years or to settle down, using a bank card is also a guarantee for a better life in the future, because the convenience of credit cards for international students is not only "spending in advance", especially for those who plan to stay in the United States or Canada for a long time, the credit history of credit cards is an important basis for their future life.

American credit records have a very strict and perfect record system, which is also one of the manifestations of people's integrity and financial management ability. If you are going to settle abroad, it will inevitably involve buying a car and a house. I believe it is more realistic for most students to buy a house or a car with a loan. Most domestic loans are secured by assets, but for international students who have almost no assets, the important reference index of loans is credit history. The accumulation of credit records is a long time, which is different from the bank's points. It doesn't mean that if you suddenly spend tens of thousands of dollars today, your credit history will increase greatly. Therefore, it is suggested that students must apply for a credit card as soon as possible, so that your credit history may be enough to buy a home loan in a few years.

Compared with debit cards, the success rate of credit card applications is much lower for international students. Generally, banks will set up a university credit card specially for students, which is very helpful for students who have just arrived in the United States and have no credits. In the United States, bank credit cards all use the method of repaying loans, that is, the bank will give you a maximum amount, that is, the highest monthly credit card consumption. After that, the bank will send you a bill every month. You have to repay according to your own consumption situation, and you can choose the minimum repayment amount or the full repayment amount. Even if the bank will send you a bill every month, I suggest you apply for an online banking so that you can check your account at any time. Even big banks will inevitably make mistakes. Check your account frequently, and be sure to call customer service if you have any problems.

Students who use credit cards can also repay online without going to the bank every month. Be sure to call customer service when you encounter problems. Never muddle along. When studying abroad, you must manage your finances well. Customer service telephone numbers are generally listed in the contact us column of each bank website. If you need to change your address by phone or online, I suggest you call the bank to confirm it in 3 days. Some banks have credit cards and checks. Savings are separated, so the address of the credit card should be changed separately. If you can't get the bill after moving, you must call the customer service department of the bank.

Some websites of American banks:

Wells Fargo, Wells Fargo:

Chase, Chase Bank, USA:

First Bank First Bank:

Bank of America/

HSBC North America Branch, Citibank, regional financial banks, Deutsche Bank, etc.