Credit Cards & Banking

Your student may want to open an account at a local bank when they arrive in Maryville.

College is often the first time students manage their own money, and a little preparation goes a long way. Many students choose to open a local bank account when they arrive in Maryville, and parents can help guide that transition by talking through the basics of budgeting, credit, and bills.

Budgeting:
Encourage your student to set a weekly or monthly budget that includes regular expenses (like groceries, gas, and monthly bills) as well as occasional costs (like clothing or healthcare). Make sure they know how to track spending and keep an eye on their account balance.

Credit Cards:
If your student is considering opening a credit card, help them understand both the benefits and the risks. Review how to compare offers, read the fine print, and use credit responsibly to avoid unnecessary debt.

Paying Bills:
Many bills — including tuition, phone, and credit card statements — will be sent directly to your student. Show them how to read a billing statement, stay organized, avoid late fees, and address any errors right away.