The Peabody Institute of the Johns Hopkins University

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Banking Information

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Banking Information

Many students find it necessary to open an account with a financial institution in Baltimore. Having a local account can give you speedier access to your funds as banks usually take time to process checks written on out-of-state accounts.
 
Not all banks are alike and it is important to shop around to find the bank best suited to your needs.  Here is a list of the kind of questions students should ask when choosing a bank:
 
How long does it take:
  -   before I have access to deposited funds?
  -   checks written on an in-state account to clear? Out-of-state?
  -   funds to transfer from foreign bank accounts?
  -   a large check to clear (like a loan check)?
What fees are charged? Is there:
  -   a monthly service charge?
  -   a minimum balance to avoid a monthly service charge?
  -   a fee for writing checks?
What are the fees for overdrawn checks?
What other fees are there? (Teller charge? Phone access? ATM transaction fee?)
  -   Does the bank have online services?  Are they free?
  -   Is the bank on a network (e.g. Cirrus, MOST) that will allow access to other bank’s ATMs (including the one at Peabody )
  -   What is the interest rate for specific accounts (savings, checking, etc.)?
  -   Is there a minimum amount required to earn interest?
What are the bank’s hours of operation?
  -   Are there evenings when the bank is open? Weekends?
  -   Ask for a pamphlet or business card with banking hours and contact information.
Where is the bank located?
  -   Where are ATMs located?
  -   Are there branch locations throughout the city, county, or state?
  -   Where is the branch nearest Peabody?
 

Cheat Sheet

 

Microsoft Word Banking Cheat Sheet

This is a  MS Word hard copy of the questions above.  It's helpful to contact several banks, collect information and compare the services they provide before making a commitment. 
Some banks with branches near Peabody: 

  

Bank of America www.bankofamerica.com (410) 385-8310 
Carrollton Bank  www.carrolltonbank.com (410) 536-7386 
Chevy Chase Bank  www.chevychasebank.com (410) 468-3140 
Citibank www.citibank.com/us (800) 627-3999 
The Harbor Bank www.theharborbank.com (410) 528-1801 
M&T Bank www.mandtbank.com (410) 462-5090 
PNC Bank www.pnc.com (410) 962-1420
Provident Bank www.provbank.com (410) 277-7111
Suntrust Bank www.suntrust.com (410) 986-1540 
Wachovia www.wachovia.com (410) 468-2519

 

 Note to International Students

Due to delays in obtaining a social security number, an International Student opening a bank account will be required to present the following documents:

Bank of America Passport, School ID
Carrollton Bank Passport, School ID, W8 (provided by the bank)
Chevy Chase Bank Passport (must be over 18 y.o.)
Citibank Passport (possibly School ID)
The Harbor Bank Passport, School ID, Proof of Address
M&T Bank Passport, School ID
PNC Bank Passport,School ID
Provident Bank Passport, School ID    
Suntrust Bank Passport, Proof of Address
Wachovia    Passport, School ID

 

Peabody ATM

The ATM located on Peabody’s campus is owned and operated by the Johns Hopkins Federal Credit Union. This ATM accepts cards on the MOST, Cirrus, Honor, Encore, VISA, and MasterCard networks, but does not accept deposits.

 
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