The following list of local banks
is for your convenience only and does not imply any special recommendation or
endorsement. Students may wish to choose a bank closest to where they are
living. This is not a complete list.
Oak Lawn, 10440 S. Cicero Ave.
Orland Park, 15100 S. LaGrange Rd.
Worth, 6838 W. 111th St.
Palos Heights, 6401 W. 127th Street
Orland Park, 18 Orland Square Dr.
Tinley Park, 17401 Oak Park Ave.
Worth, 7103 111th St.
Chicago, 6331 W. Archer Ave.
Palos Hills, 10260 S. Roberts Rd.
Chicago Ridge, 6551 W. 95th St.
Oak Lawn, 4200 W. 95th St.
Oak Lawn, 5535 W. 95th St.
Oak Lawn, 4046 W. 111th St.
Orland Park, 15862 S. LaGrange Rd.
Orland Park, 50 Orland Square Dr,
Palos Heights, 12145 S. Harlem Ave,
|Marquette National Bank
Bridgeview, 8020 S. Harlem
Evergreen Park, 9335 S. Kedzie
Oak Lawn, 10419 S. Cicero Ave.
Orland Park, 7560 W. 159th St.
|TCF National Bank
(also located in Jewel grocery stores)
Tinley Park, 17117 Harlem Ave.
Palos Heights, 6410 W. 127th St.
Hickory Hills, 9357 S. Roberts Rd.
Oak Lawn, 10545 S. Cicero Ave.
|United Trust Bank
Bridgeview, 8028 S. Harlem Ave.
Opening a Bank Account
Once you have arrived in the United States, you may want to open a bank account
at a local bank. When you do so, bring your student identification card from
Moraine Valley, your passport, Social Security card, and the funds you wish to
You must have a Social Security
number, or a Taxpayer ID number, to open a savings account at a bank. If
you don't have a social security number, you may apply for a Taxpayer ID
number. Please ask the bank official. You do NOT need a Social
Security number to open a checking account; your passport document should
The following is a brief
description of the most useful banking services.
A checking account
will permit you to write checks to make purchases and pay bills. Most
retailers and service providers will accept a personal check drawn on any
United States bank as long as you can show appropriate identification
(passport, driver's license, or State Identification card). By using checks,
it is easy to keep records of your purchases and payments.
A "debit card,"
also known as a checking card, or a cash card, allows you to withdraw or
deposit money to your bank account using an automatic teller machine (ATM)
and to make purchases at stores that accept the card. Some debit cards carry
a credit-card logo (such as MasterCard or Visa), and can be used in place of
a check or credit card. Debit cards are not credit cards, however, and they
can be used only to the extent that you have funds in the account to which
they are linked.
Savings accounts. Unlike
most checking accounts, savings accounts earn interest on the balance of the
account. If you plan to bring money for the entire academic year or for your
entire academic program, you may wish to put your money in an account that
earns interest. You can withdraw money from an ordinary savings account, but
you can't do so by writing a check.
Many banks offer so-called NOW
(notice-of-withdrawal) accounts that combine the features of checking and
savings accounts. With a NOW account, you may write a certain number of
checks each month; such accounts can be very handy for students who maintain
a relatively high balance and write relatively few checks.
Most banks offer similar
services and fees, so it is recommended you find a bank that is most
convenient. Downtown Chicago banks may provide more international services,
but they are further to travel to if you must visit the bank.