<p>I want to open a bank account for my son. Does anyone know which banks are located walking distance from Tufts? I would prefer a big commercial bank so that he has access to his account at home too.</p>
<p>That is so funny momworried…I asked the same exact question last year when my S began as a freshman!</p>
<p>What he did was to open an account at Bank of America, which is in our town and also on the Tufts campus. This way he keeps money in there for books, spending money, haircuts, whatever and just uses their ATM. </p>
<p>If he needs me to transfer any money to his Bank of America account, I can do that since I am listed on both his bank accounts and I just take money out of one bank and put it in the 2nd bank using the ATM machine.</p>
<p>This has worked well for us. He is working full time this summer and his employer is automatically depositing his paychecks into the BOA account, so he has plenty of money for the school year and it will also go toward his study abroad spending money too.</p>
<p>Bank of America is probably the easiest. There is an ATN with check deposit and everything in the campus center, another couple of ATMs on Boston Ave, and a branch office in Davis Square.</p>
<p>There is another ATM in the Campus Center…I think it is Sovereign Bank. They also have a branch in Davis, as does Citizens Bank and a Middlesex Federal Savings and maybe one other credit union (though none of those have on-campus ATMs, unless I am mixing up Sovereign and Citizens).</p>
<p>This is from the Tufts website:</p>
<p>Banking
ATMs are located in the Mayer Campus Center (Bank of America) and Dowling Hall(Citizens Bank). Bank branch offices and ATMs are located in Davis Square and Hillside in Medford, only a short walk from campus.</p>
<p>Thanks everyone. We have Bank of America 5 minutes from us, so that’s what I’ll do.</p>
<p>So my son had a senior event day at school where they had several speakers. One of the speakers was a financial advisor. And she told the kids not to bank with any large banks that have locations on campus. Bank of America specifically was mentioned. The advisor claimed that these banks charge the students outrageous fees. Is that true?</p>
<p>We are opening an account for our son at Bank of America and connecting it to our accounts, so he can have the advantage of free banking as well.</p>
<p>I think that if you do everything electronically for the student accounts at BOA (in other words, use ATMs and online banking) they waive the fee. I would rather, though, use a smaller, local bank, but I don’t know if that makes sense if there isn’t a branch near home.</p>