<p>Understandable all around, but I encourage all of you parents to take a look at Square too. Just links your debit card (maybe checking account too, I don’t remember) and then the recipient (your kid) also links his/her debit card and can receive funds the same day. Avoids a lot of hassle. Square also has an iPhone app and I assume they’re on Android too.</p>
<p>Interesting. I use Square for business. But can you say what “fees” they charge for those transactions (i.e. transfer cash to another account)?</p>
<p>I don’t believe there are any fees for Square transactions when it’s debit card to debit card but I believe I have seen a rare wire transfer fee of something like $2.50. But USCCU’s fees are nothing compared to other institutions.</p>
<p>Happy to report it only took 3 years, but busy son set up his USC CU accounts today! The on campus location wasn’t always open three years ago, but is now. Here is the info:</p>
<p><a href=“Home - USC Credit Union”>Home - USC Credit Union;
<p>He just took $100 cash with him to get it started or you can take it off a visa, etc., or another bank’s debit card you have with you.</p>
<p>And while on the topic, he also has a Square which came in handy because his roommates, who are all foreign and didn’t have accounts here, infrequently had cash, but had visa/debit cards. So whenever they owed him money for utilities, food, or whatever else, they just swipe their card on his square and he gets the money. Sorry, I don’t know if there is charge for this transfer, I was just happy he gets paid back. 
</p>
<p>If you’re talking about the little Square that plugs into a phone, that’s different from Square Cash that’s an online transfer between debit/credit cards. I believe that the little Square plug charges 2.5% per transaction, but don’t quote me on it. It’s something like that for credit card swipes. But the online website doesn’t charge anything.</p>
<p>BTW we’re talking about 2 different things here - Square Cash from the online website and the Square credit/debit card reader. It’s the same company but 2 different services. I don’t have a Square reader but, for example, lots of food trucks around L.A. and a few of the smaller independent movie theaters here use them. Square Cash is great but I don’t have any experience with the Square reader.</p>
<p>I think you are right about the 2.5%, yes he has the Square that attaches to his phone, it was free to get (maybe just shipping?). A lot of independent types (nail or hair person working out of a salon, coaches doing lessons, etc.) use them too. I’m just learning about the Square Cash service, don’t know much about it, but this forum always encourages something to learn, thanks!</p>
<p>Join the 21st Century and get a Capital One 360 (formerly ING Direct) account. Very hip.</p>
<p>I avoid Capital One like the plague. Their credit cards have horrible fees and interest rates (how do you think they can afford all their advertising?) and there are plenty of other places to go. In my experience, the best place to go for financial services is bankrate.com. For example, my folks for years had their credit cards through a small bank in Arkansas that had zero fees and an 8% interest rate. But they were always at the top of the Wall Street Journal’s evaluations of credit cards.</p>
<p>I don’t for a second believe that USCCU is the best financial institution on the planet, but I have been impressed an pleased with their services and their treatment of me. I got a very good (5%) interest rate on a car loan and they’ve refunded fees several times. I know the branch manager, the security guard, and several of the tellers. That’s hard to do with the large, impersonal corporations that 95% of banks have become today.</p>
<p>For easy money transfer between friends, roommates, even parents, many people are using Venmo. I’ve found it to be really smooth.</p>
<p>The BOA in the UV is actually open during construction.</p>