SETTLING IN

Banking

Opening a U.S. bank account, local banks near campus, and financial tips for international students.

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Why open a local bank account?

Keeping your money in a local bank while studying at Drury is safer and more convenient than carrying cash. It makes it easier to pay bills, receive refunds, and manage everyday expenses.

  • Pay bills without cash or international fees.
  • Receive refunds from Drury directly to your account.
  • Use a debit card for everyday purchases.
  • Track spending with online and mobile banking.

Types of accounts

CHECKING ACCOUNT

For everyday transactions: debit card purchases, ATM withdrawals, and paying bills. Usually includes online and mobile banking.

SAVINGS ACCOUNT

For storing money and earning interest. Funds can be transferred to checking as needed. May have withdrawal limits.

Documents needed

Banks typically require all of the following to open an account.

  • Valid passport.
  • U.S. visa (F-1 or J-1).
  • Proof of local address: housing contract, utility bill, or bank statement.
  • Form I-20 or DS-2019.
  • I-94 arrival record, from i94.cbp.dhs.gov (opens in a new tab).
  • Social Security number, if you have one, or an ITIN.

AN SSN IS NOT ALWAYS REQUIRED

Banks often ask for a Social Security number, but it is not always legally required. Some banks let international students open an account with alternative documentation such as Form W-8BEN.

Banks near Drury

Several banks have branches and ATMs in Springfield. Compare account options and fees before choosing.

BANK OF AMERICA

Full-service banking with checking, savings, and drive-through ATMs.

U.S. BANK

Multiple Springfield locations including downtown. Personal checking and savings, online banking.

ADRO

No-fee checking and savings accounts, and credit cards designed for international students.

This list is for convenience only and is not an endorsement of any bank.

Safety and practical tips

  • Use online and mobile banking to monitor balances and set up alerts.
  • Never share passwords, PINs, or security codes with anyone.
  • Be cautious of phishing emails that impersonate banks.
  • Use ATMs in well-lit, secure locations near bank branches.
  • Avoid carrying large amounts of cash.

SCAM ALERT

Be wary of unsolicited calls, texts, or emails asking for your banking information. Banks will never ask for your password or PIN.