These days, you need a debit card to get by. In your increasingly cashless world, plastic is a must! While many get their first cards as teens with their parent's bank, college is when most people get their first real debit card and an account they can call their own. In most cases, it's a card built specifically for college students.

But have you ever wondered why student cards exist at all?

The Difference Between a Regular Debit Card and a Student Debit Card

At first glance, student cards and standard cards work the same. You can use them to make purchases, get money from an ATM, etc. So what makes student cards unique?

First, there are different eligibility requirements. Typically, banks only make these cards available if you're an active student at an eligible school. You often must provide proof before a bank lets you open a student account. Many universities have partnerships with banks, allowing you to get a debit card right on campus.

In terms of functionality, a student card does the same thing. But here's the kicker: You usually don't have to pay fees. If there are fees, they're significantly lower than a traditional debit card. Banks understand that college students have distinct needs and tight budgets. So, they offer these cards to make it easy to get ahead financially.

Some will have modest reward options and cashback opportunities, but these cards are as simple as they come. That's by design to keep costs low and avoid those unwanted fees.

When you graduate, your student card will become a standard debit card with all the fees that come with it.

Why Get a Student Debit Card?

Ultimately, student cards help you adopt smarter financial habits. Unlike credit cards, there isn't a risk of debt. Your debit card connects to a bank account, so you can only spend up to your account balance. That means no temptation of frivolous purchases that will push you into debt.

Pair that with no fees; you have everything you need to manage your money smartly.

Author Resource:-

Daniel Stewart writes about student debit cards and taking control of your finances services. You can find his thoughts at student debit account blog.