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Banking Options for MIT Students

Bank Name and Account TypeATM Location and Fees Card AcceptanceMonthly FeeMinimum Balance
Cambridge Trust Personal CheckingHarvard Square, Kendall, University Park@MIT, several in Boston, fee on non-Cambridge Trust ATMsAnywhere Mastercard is taken$5 per month and $0.35 per transaction for balances less than $500None with monthly fee
MITFCUThree on campus, one to be in Student Center by winter, fee for non-MITFCU ATMs withdrawalVisa credit card with $500 credit limit, or Mastercard DebitNoneNo
Fleet Student CheckingAll around MIT, Boston areaVisa debit cardFree for one year then $5 per monthNo
Citizens Bank Basic CheckingNearest is in Central Square, no fee for Citizens Bank ATMs, fee for other ATMsMastercard debit card$2.50No
CitibankEZ CheckingNo ATMs near MIT, first 5 non-Citibank withdrawals are free, then a feeMastercard debit cardIf balance is at least $1,500, no monthly fee, $3 monthly fee otherwiseNone with fee
1st Internet BankNo ATMs nearby, but up to $6 rebate on ATM fees per monthVisa check card$5 per month for balances less than $500$100
NetBankFee on non-NetBank ATM useVisa check cardNoneNo