The important thing for freshmen to do when they arrive at Georgetown University: bank account opening.
Now China Construction Bank and Bank of America have a cooperation agreement that allows you to withdraw money directly from each other's ATMs. The specific way is to open a special debit card in China Construction Bank (ask the counter, only one card can provide this service), deposit RMB, and then you can withdraw US dollars directly from any ATM of Bank of America, free of charge. The exchange rate is calculated according to the current exchange rate, and the daily withdrawal limit is 1 000 USD. Of course, you can also withdraw RMB directly from the ATM of CCB when you return home with a debit card from Bank of America.
Of course, in the long run, you have to use an American bank account when you arrive in the United States. You can open an account near Georgetown University:
1, Bank of chevy chase: located in the Leavey Center of the school. The advantage is that the account opening procedure is simple, and you can save money and withdraw money at any time at school. However, because chevy chase is a local bank, only DC, Maryland and Virginia have branches, and other states do not.
2. Bank of America: There are two branches near the school, namely 1700N Moore St, Arlington, Va22209 (located in Rosslyn, just above the ground floor of the building next to the subway station) and 1339 Wisconsin Avenue, NW, Washington, DC 20007 (coming out of the school gate and along the road). The advantage is that there are national banks all over the country, and there is a cooperative relationship with CCB, and the transfer fee is very favorable. The disadvantage is that the requirements for opening an account are strict. There is an ATM next to the entrance of the main building of the school hospital.
3. Citibank: It is far from the school and it is inconvenient to deposit and withdraw money, but it has branches all over the United States. It is recommended to open an account in the United States after a period of time.
4. Wachovia Bank: It is also one of the larger banks in the United States, but it was recently heard that there was a financial crisis, so it is not recommended to open an account now.
Account type:
1, current account: interest-bearing and interest-free. Ask if there is a minimum balance, that is, the deposit in the account cannot be lower than a certain number, otherwise the bank will automatically deduct the "service fee".
Fill in the check: There are four lines to fill in the check. The first line is the date (usually the date when the check is issued. But if you need a buffer period, you can fill in the future date, and then you can deposit or cash the check. The first column of the second line is: payee, and the last column is the amount filled in Arabic numerals. The third line is to spell the number with English letters, and then only add it after it. For example, 306 yuan and 57 cents can be written as: 306,057/100 dollars. The first column of the fourth row indicates the purpose. For example: insurance, magazines, rent, etc. The last column is autograph. If the check is wrongly written, it will be invalid. You can cross it, write "invalid" or tear it up, but make a record. If it is a small mistake, you can sign your initials at the altered place, and the bank will accept it.
2. Savings account: the number of monthly deposits and withdrawals is limited, but the interest is higher than that of checking account. There is usually a minimum deposit. If the deposit is insufficient, you will lose interest or pay a service fee.
3. Certificate of deposit (certificate of deposit for short). Time deposit is to deposit a sum of money in the bank to generate interest, and it can only be taken out at the agreed time. If you want to cancel the contract before the expiration, you will lose at least one month's interest. Usually it is divided into three months, six months, one year, two years and three years. The longer the time, the higher the amount and the higher the interest. But its interest rate is fixed (the above accounts are all floating interest rates). When the interest rate drops or rises gradually, we should avoid long-term time deposits, so as to avoid our principal being stuck in time deposits with lower interest rates when the interest rate rises later. The advantage of time deposit is to generate interest or prevent us from using the money. The premise is that there is a sum of money that will not be used within a fixed period of time. So you might as well find other banks with better interest rates.