Student Banking

Our Student Banking products offer students from pre-school to college, the opportunity to learn the importance of developing good savings and investing habits, as well as the sense of independence that comes with accumulating money for their personal use.

Ulster Savings Bank is committed to supporting early money management skills. We are actively involved with local student saver programs at schools throughout the Hudson Valley. If your school participates, a school representative will pick up and deposit any monies for the student(s) on a designated day, usually first thing in the morning. The school representative will then promptly return receipts to the student.

Minor Savings Account

In today's world, it’s critical to start good savings and investing habits at an early age. This account is created exclusively for students of elementary to high school age and teaches children the benefits of saving, while making it fun and enjoyable.

  • A $5 minimum deposit
  • Receive statements quarterly.
  • Students can sign up for online banking
  • Interest will be earned on balances of $5 or more
  • Withdrawals can be made at any of Ulster Savings Bank's convenient branch locations.

Smart Start Checking

Our Smart Start* Checking account is specifically designed for students between the ages of 13 and 17 years old with a parent/guardian joint owner. Get  $25** deposited into your account when you complete 10 short modules in our online financial education center. After you have fully completed all 10 modules, you will be able to download a certificate. Please deliver this certificate to the bank by mail, email, or in person when you open your new account to receive your $25 deposit. Ask an account representative at time of account opening for additional details.

  • No minimum balance
  • No monthly service charge
  • Unlimited check writing
  • Debit Mastercard
  • $10 refund per month for out-of-network ATM fees

Student Investor Checking

Our Student Investor* checking is specifically designed for today's college student. You can open an account online or in person at any of our 14 locations. Some features and benefits of a checking account with US include:

  • FREE first set of checks (select styles)
  • No minimum balance required
  • No monthly service charge
  • Only $25 minimum opening deposit
  • $10 refund per month for out-of-network ATM fees

If you are going to college in the Hudson Valley, you will find Ulster Savings Bank branches near most of the colleges in the area. ATMs are also located on campus at both SUNY Ulster Community College and SUNY New Paltz.

Our membership in the Allpoint network gives you access to over 55,000 Surcharge-Free^ ATMs worldwide! In the event you don’t use an Ulster Savings or Allpoint Network ATM, we will refund you up to $10 of ATM fees and surcharges per month on your debit card. 

Rewards for Good Grades

Students enrolled in the Minor Savings and/or the Smart Start Checking, with a B average or better, can receive a $2 deposit into their savings account each report card period! You can earn up to $8 each year. Just stop by any branch location and show US your report card.

Swipe and Save

Enroll in our Swipe and Save Program and round up your debit card purchases to the nearest dollar and transfer the difference to a statement savings account. Get started saving. It's as easy as 1, 2, 3!

  1. Enroll. Stop by a branch and enroll in a USB checking account with a debit card and connect it to a USB statement savings account of your choice. 
  2. Shop. Use your debit card for everyday purchases and spend like you normally would.
  3. Save. Your purchases will be rounded up to the nearest dollar and the change will be transferred from your USB checking account to your USB statement savings account.

*Customer purchases checks after first free set. Other fees such as insufficient funds, overdraft privilege fee, continuous overdraft fee, etc. may apply. See fee schedule for details.

**Ask an account representative at time of account opening for details. Account credit is reported on a 1099-INT as interest earned.

^No surcharge fees at Ulster Savings and Allpoint ATMs applies to Ulster Savings cardholders only. Fees may apply at other ATM locations.

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