Banks and Personal Finance

Banks and Finances

To handle financial matters in the most convenient way, it is probably best if students open checking accounts at banks providing automatic teller machine (ATM) service. There is only one ATM (Bank of America) on the campuses, in the Smith Campus Center (SCC) on Pomona. Otherwise, Pacific Western and PFF’s ATMs are also fairly close, and there are several banks located in the Village. Bank of America, however, has thousands of ATMs everywhere you may travel.

The following is a list of the banks closest (one-mile radius or about a 20-minute walk) to Harvey Mudd, along with the cheapest checking account that can be opened by students. This information was updated May 24, 2010.

Bank Account Type Check Fees and Printing Minimum Balance Minimum Opening Deposit ATMs in Claremont ATM Fees
Pacific Western
223 W. Foothill Blvd.
909.621.0519
0.4 miles from Platt Center
Free checking 20 a month free, after $0.30 per check written No minimum $50 One $0 at any ATM with Visa/MasterCard, Cirrus, Maestro, Instant Teller, Exchange or Star symbol; $1.25 otherwise
US Bank
393 W. Foothill Blvd.
909.625.8655
0.5 miles from Platt Center
Free checking $21.25 for 150; first order free if account is opened online No minimum $25 Two $0 at PFF/USB; $2 for non-PFF/USB (first 4 transactions are free)
Bank of America
339 Yale Ave. (Claremont Village)
909.865.2424
0.8 miles from Platt Center
Free checking 150 for $17 No minimum $25 Eight (24 hr. ATM located at the SCC) $0 at BofA; $2 for non-BofA
Chase
400 N. Indian Hill Blvd. (Claremont Village)
909.624.9001
0.8 miles from Platt Center
Free checking 120 for $18.95 No minimum $25 One $0 at Chase; $2 for non-Chase
Wells Fargo
203 Yale Ave. (Claremont Village)
909.398.1140
0.9 miles from Platt Center
Free checking 150 for $17.26; online banking is free No minimum $100 Three $0 at WF; $2.50 for withdrawal, $2 otherwise at non-WF
California Bank and Trust
102 N. Yale Ave. (Claremont Village)
909.624.9091
0.9 miles from Platt Center
Checking $4/month,
8 checks free, $0.75/check after
Checks: $17.80 for 150 No minimum $100 One $0 at CBT; $1 for non-CBT
First City Credit Union
250 W. First Street (Claremont Village)
800.944.2200
1.1 miles from Platt Center
Free checking First 50 free; $13.63 for 150 No minimum $10 Three $0 at FC; non-FC, 6 free per month at other credit unions, $1.50 thereafter and at non-credit unions
Citibank
405 W. Foothill Blvd, Ste. 101
800.627.3999
0.7 miles from Platt Center
Free checking Unlimited check writing, prices vary based on design. Online banking is free No minimum $100 ATMs only at branch No fees while enrolled at an accredited college

Spending

Students normally spend $80–100 per month on living expenses (laundry, movies, snacks, toiletries). Also, if you are bringing a car, there is a $20 per semester registration fee (and bring proof of insurance as well). There are no charges for library cards, computer accounts or routine computer print-outs.

Work-study

Work-study is often part of a student’s financial aid package. New students are offered work-study for the first semester. Look for a job as soon as you arrive on campus, before they are grabbed by others. Career Services, the Dean of Students Office, Office of Admission or Computing and Information Services should have ideas of where you could find a job. Paychecks for student workers are distributed every two weeks.