A winter storm warning remains in effect for Hartford County until 7 p.m. today. Residential students are asked to postpone their return to campus to Monday afternoon or, for those whose class schedules allow, Tuesday. Students, please do not travel to and arrive on campus today.
Hartt Community Division activities today and this evening are canceled.
Having a U.S. bank account is a great way to manage your finances while studying at the University of Hartford. Opening a bank account is not a complicated process. Many banks offer free checking accounts to students. These accounts typically come with an ATM card or debit card, the ability to write checks, and the option to access your account online to review the balance and transaction history.
When you open an account, most banks will require two pieces of identification, such as your passport and UHA ID Card. Before you go to the bank, you need to be familiar with the basic customer identification programs that financial institutions follow when opening new accounts.
Bank Customer Identification Programs (CIP)
In an effort to reduce money laundering, U.S. banks must verify the identity of everyone who opens an account. To comply with federal regulations, banks have established Customer Identification Programs (CIP) that they are to follow for anyone who seeks to open an account.
Establishing your Identity
Documentation to bring with you
Documents you should take with you to open your account include
Banks offer different types of checking accounts designed to fit individual needs. The cost of checking varies from bank to bank. Some banks charge per transaction, some have a basic monthly fee, and others offer free services if you maintain a certain minimum balance in your account at all times. You should be able to access information regarding your personal account, including all transactions and deposits, through the bank's website.
A debit card, also known as a check card, allows you to withdraw or deposit money to your bank account using an automatic teller machine (ATM) and to make purchases at stores that accept the card. Debit cards are not credit cards.
A savings account enables you to save money and accumulate interest on your savings. Interest is paid either monthly or quarterly. The difference between a savings and a checking account is that you cannot write checks on a savings account.
Many banks issue cards that allow you to deposit and withdraw money 24 hours a day using an Automated Teller Machine (ATM). These machines, frequently located outside the bank, are convenient. By using a bank card, customers avoid waiting in line at the bank and have access to funds or money after the bank closes. Banks that are members of a national ATM network allow you to access your funds with your bank card at selected ATM’s throughout the country. There are many ATMs located on campus.
Credit cards may be convenient, especially if you unexpectedly have major expenses. You can pay University and medical fees, airplane tickets and car repairs with any major credit card. You must understand that you can easily accumulate large bills with credit cards, and before you know it, you may be in debt. Before you accept a credit card, you must be sure to understand all your obligations. Most banks charge an annual fee. If you are unable to pay your full balance each month, you will be charged high interest rates (usually 18 percent or higher) on the remaining balance and any additional charges you make. Make sure you stay within your budget when making credit card purchases.
836 Park Ave., Bloomfield, CT 06002
315 Cottage Grove Road, Bloomfield, CT 06002
48 Jerome Ave., Bloomfield, CT 06002
Please note that the University does not recommend financial institutions to our students. There are many others in the greater Hartford area to choose from.