Student Banking
Ways to Help You Complete Your Education

A college education is one of the best investments anyone can ever make. But as the cost of education continues to outpace inflation, students and their families are finding that it's increasingly more difficult to cover college costs. That's why American Savings Bank offers a variety of funding solutions, as well as accounts, designed for students.

	Highlights Below > Benefits You’ll Receive > Student Values

Benefits You’ll Receive

• Discounted Student Checking package
• Low-interest rates for Student Secured Visa^® credit card and federal loans
• Tax-free earnings on after-tax dollars for a Coverdell Education Savings Account
• No income, age, or time limits on contributions to a 529 College Savings Plan

Student Values

Student Checking Package1
Open a new ASB Free Checking account – it’s a great checking that free, and a free checking that’s great.

• No monthly service fee
• No minimum balance requirement
• No minimum opening deposit2
• Free online banking with free online bill payment3
• Free identity theft recovery service
• Free Visa® Gold Check Card with travel rewards4
• No annual fee overdraft transfer5
• Free first box of Kalo design checks

Plus, receive this additional benefit.

• No-Annual-Fee Student Secured Visa credit card4

Student Secured Visa Credit Card
Our Student Secured Visa credit card can help students build good credit. Like the regular Secured Visa, credit is secured by funds deposited in their American Savings Bank Statement Savings account (minimum balance required). More

Coverdell Education Savings Account (CESA)
A CESA is a tax-advantaged way to help pay toward the future cost of a child's education expenses. Parents, grandparents, or any interested party may contribute to a Coverdell account (formerly called an Education IRA) to cover certain elementary school, secondary school, and college expenses. More

529 College Savings Plan†††
American Savings Bank's Financial Services Group department offers the 529 College Savings Plan — a professionally managed, tax-advantaged way to build college savings. More

Student Loans
One of the single largest sources of education loans is the Federal Family Education Loan Program (FFELP), which offers Stafford Loans for students and PLUS Loans for students' parents. More

1. Must be a full-time college student attending an accredited 4-year university/college (minimum 12 credit hours for undergraduates, 8 hours for graduate students), including community colleges (2-year accredited college). Must show proof of current credit hours (paid college registration slip or paid tuition), or current valid ID when account is opened to qualify for this offer.
2. You must make a deposit at least once within 30 days of opening or your account will be closed.
3. Your checking accounts must be in good standing to enroll in online bill payment.
4. Subject to credit approval; applicable on non-TravelAwards PlusSM Visa cards.
5. For Savings Overdraft Transfer, a Statement Savings account is required to participate. Regulatory transfer limits apply and a free is imposed on the savings account for transfers made.