Banks and Banking Services

If you choose to have a local back account, Staley Credit Union is within walking distance from campus.

If you are living in the Woods Apartments, then this is especially important for you when paying rent. The Woods charges $27 when using your credit card to pay rent.

Types of Banks:

There are three types of banking services available in Decatur: full-service banks, savings and loan associations, and credit unions. Their services are similar in that they all offer savings and checking accounts and loans to qualified customers. The interest rates for these services may be somewhat more competitive at credit unions and savings loans, but they generally vary only slightly. Banks offer additional services, such as safe-deposit boxes and international currency exchanges. Credit Unions are member-owned, and one must usually be employed at the university or selected business to become a member.

Personalized checks:

Nearly all banking customers use personalized checks. Personalized checks have your name, address, and other information you choose printed on them. You must pay a few dollars for your supply of personalized checks, so it is wise to wait until you have an address, Social Security number, and phone number before you have your checks printed. In the meantime, the bank will issue you a temporary supply of bank checks.

Cashing a check:

Checks made out to you can be deposited or cashed at your bank. The Office of Student Financial Services in Shilling Hall will cash your personal check for up to $50.00 (from your account, made out to “cash”).