We’re so glad you chose North Shore Bank for your student checking account. Here you’ll find the resources you need to get started. Of course, we’re available to help in person, too!
Signing in, Mobile Banking, Mobile Deposit
If you haven’t yet, follow these steps to get your new account set up on the Mobile App:
- Complete the enrollment process. (Tip: Make sure to choose a password that isn’t easy to guess and that uses special characters and capital letters.)
- Download the mobile banking app.
- Get familiar with your new mobile app by watching this demo video.
- Set up account alerts under your settings (this can help keep you from overspending!)
- Have questions? Contact any North Shore Bank location, or the Customer Support Team by message or by phone at 877-672-2265.
How to Use Your New Checking Account
Now that you have your student account set up, it’s time to identify the important information you can find in your account.
It’s important that you keep your account information secure. Use these tips to help protect your account:
- Do not give your account information to anyone without first checking with your parent or guardian.
- Don’t keep screenshots of your account or routing numbers, and do not use a password for your account that you have used or shared elsewhere.
- Don’t log in to your account while on public, unprotected WiFi or on shared computers.
- Limit the personal information you share online, whether it’s a debit card or bank account number, your address and phone number, or personal information.
- Be cautious about social media comments that reflect your personal thoughts or that go into detail about your private life as they could compromise security questions.
Test your cyber security knowledge with our
online assessment today.
How to Find & Use Your Local North Shore Bank Branch
While our Mobile App is great for managing your new student checking account from home or on the go, sometimes you may need to visit your local North Shore Bank branch to utilize services that can only be done in-person.
Why might you need to stop by your local branch in person?
- Coin Counting: cash in your loose change at any of our branches. No appointment necessary, and as a North Shore Bank customer, this service is free.
- Using the ATM: If you have a debit card, you can use it to deposit and withdraw money from your account - don’t forget your PIN number
- Utilize a Video Teller: enjoy extended hours along with personal service when you bank with one of our Video Tellers
Or, you may just want to chat with and get advice from one of our bankers. We’re here to help if you need us.
A Convenient Way to Meet with Your Banker
Have questions about your Student Checking account? Need to talk to a member of the North Shore Bank team? We’re always here to help.
You can
schedule an appointment to talk with a banker. We offer appointments virtually, by phone, or in-person.
An Easy, Practical Way to Budget
Creating a practical, working budget is the first step to being successful and independent financially.
Learn more about the
50/30/20 rule, a simple, practical rule of thumb. Remember – budgets are meant to be helpful, not complicated! Know where your money is going and plan ahead!
Savings! The Next Step in your Financial Journey
Take the next step to financial independence by pairing your North Shore Bank Student Checking Account with a
Statement Savings Account: You can visit a
North Shore Bank branch in person to open a Statement Savings Account.
Saving with a purpose is the secret to achieving your goals – whether that’s saving for a car, saving for college, or whatever else you want to purchase in the future! Use our
online coach to help you set concrete savings goals and show you how much you need to save every month to reach them.
What to Consider When Getting your First Job
When you get your first job, it’s a big and exciting milestone! No matter what type of job you have or are interested in getting in the near future, it’s important to make sure you’re practicing healthy financial budgeting.
Here are some easy tips for learning how to save money from your first job, allowances, or monetary gifts from family members:
- Know your income - It’s important to know how much money you are making. Write that number down so you can create a budget for it. If the amount of money you make per month fluctuates, whether due to hours or tips, estimate an average (and stick on the lower end of that estimation to allow yourself wiggle room in your budget!)
- Identify wants vs. needs - Make a list of things you want to spend your money on and a list of things you want to save up for (a car, college, etc.). Write down how much you think each item on your list will cost. Feel free to ask an older sibling, parent, or guardian to help you.
- Set goals using the 50/30/20 rule - Remember the 50/30/20 rule: use 50% of your income for needs (like a car payment bill), no more than 30% for wants (like new clothing), and at least 20% for longer term savings (such as setting aside for college). Set aside a certain amount of money every month for your 20% and whatever that goal is, write it down on your budget and stick to it.
- Track your habits - Once you are making money, keep track of what you are spending that money on. If you’re buying two iced coffees a day, can you find a way to cut down on that and save some money instead?
Planning on Getting Your Driver’s License?
Getting a driver’s license is a milestone and means more independence, more spending, and possibly purchasing a car.
- Use our tips to create your budget.
- If you’re spending more on gas and going out with friends, setting up Account Alerts can help ensure you don’t spend more than you have.
- Understand the difference between short and long-term savings: short-term savings are for things you are going to use very soon, such as shoes or a trip to Six Flags. Long-term savings are for bigger purchases that require much more savings, like a car. It’s important to prioritize what you want to save for.
- Looking to buy a car? Remember that, according to AAA, it costs about $9,200 a year to own a new car – don’t be too scared of that number, though. There are other options like second-hand or used vehicles, and having a healthy savings plan can make sure you have enough for monthly payments.
- If you are considering buying a car when you get your driver’s license, you’ll likely need a parent or guardian to act as a co-signer on your loan (if you get one). Make sure to talk to your parent or guardian about what that means and what they are willing to support.
Graduation Approaches - Let’s Talk Future Savings!
You may soon be approaching the end of your high school career – now what? While some graduates immediately go on to college, others decide to take a gap year, focus on starting their own business, or join the workforce. Here are some helpful resources for you, no matter what path you decide to take after graduation:
If you’re joining the workforce, now’s the best time to start saving for retirement. If your employer offers a 401(k), be sure to participate up to the amount they match.
Your First Direct Deposit
Congratulations on your first direct deposit in your North Shore Bank student checking account! Direct deposit refers to the deposit of funds electronically into a bank account rather than through a physical, paper check (usually from a job).
The more the money in your account grows, the easier it will be for you to maintain healthy finances.
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