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Life at Tufts

Opening a U.S. Bank Account

The Somerville/Medford area around Tufts has a number of national and local banks eager to gain students as customers. Many of these banks have specific checking/savings accounts designed for university students in order to gain your business. These accounts are usually designed to meet the basic needs of a student while they are in the area pursuing their studies.

As an international student, you should research the banks you are considering using so they meet your individual needs. Use the banks' websites and feel free to contact the banks via phone, email, or in-person. Do not be afraid to ask any questions you have.

Some questions to consider as an international student

  • What are the fees associated with wiring money from/to overseas?
  • What requirements and penalties are there regarding a minimum balance?
  • Does my account earn interest?
  • Are there monthly service fees or other fees?
  • Are there bank offices and/or ATMs near Tufts University?

Documents You Should Have
To open an account, bring any documents requested by the bank as well as the following:

  • Tufts Student ID
  • I-20 or DS-2019
  • Passport and I-94 card.
  • A Social Security Number (SSN) is not required to open an account.
    • If you do not have a SSN you will be required to complete a W-8BEN.

Banks popular with students at Tufts (not an exhaustive list)