It is important for students to clearly understand the terms of any account they are offered, and to make sure they’re using it in a way that minimizes fees…
Source: For College Students, Choosing a Bank Account Can Be a Minefield – The New York Times
Also quoted from the article,
“…Many schools contract with outside companies to handle the distribution of financial aid “refunds,” or money left over for educational costs after deducting tuition and fees. Students are often steered to accounts or debit cards offered by the school’s contractor; sometimes, students receive debit cards that double as student identification cards….”
So, along with the “marketed” account comes a free Latin lesson: caveat emptor
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