Unlike many countries, the U.S. operates largely on credit and debit cards. Cash and checks are used increasingly less even at fast food restaurants and grocery stores. You will probably want to open a bank account in the U.S. to simplify your financial transactions. Many debit machines will not accept international cards, although ATM machines will, for a fee. It may be convenient to open an account in Dickinson for your regular shopping activities.
Before you choose a bank you should know the types of services you want, the locations and their banking hours. It is good to contact several banks and find the right one for you.
Most Americans use checking accounts for paying bills and to avoid carrying large sums of money. A checking account can be used to pay most of your monthly bills. When you open a checking account, you will be given numbered checks, printed with your name, address, phone number, date of birth, account number, etc. so that you may write checks out of your account to pay bills or make purchases.
Most banks will also offer a Debit or ATM (Automatic Teller Machine) card for personal banking 24 hours a day, 7 days a week. You will receive a special banking card and a personal identification number (PIN). These cards are used to draw cash from your account. There are many ATM machines located in banks, malls, and grocery stores. There is also an ATM machine located in the DSU Student Center. You may be able to use your own bank card in these ATMs but we recommend that you check with your home bank, including the possibility of additional charges. When using this service, be sure to safeguard your PIN at all times.
Keep accurate records of your bank transactions. Keep your canceled checks as they serve as receipts. Make sure all checks written are fully covered by your deposits. If your write an “insufficient funds” check, the bank will charge a penalty for overdrawing your account (usually about $15), and the store to which you write the overdrawn check will also charge an additional fee (from $15 to $25). In addition, you may lose your checking privilege at your bank and at the place where you wrote the check. Writing a bad check is against the law: it is considered theft. Theft over $100 is a felony crime for which the penalty is a jail sentence of three to five years.
A savings account is designed to hold money in a bank for long periods of time so that it can earn interest. If you have a large amount of money that you do not need to draw upon regularly, you may want to establish a savings account. It is a good idea because the bank will pay you interest on your deposit, based upon the size of the deposit and the time it is left in the savings account. You may make withdrawals from your saving account and you may also transfer funds to your checking account.
Banks in Dickinson ND
Dickinson State University does not recommend one financial institution over the other
240 2nd St W, Dickinson, ND 58602
Gate City BankBank of the West
204 Sims St, Dickinson, ND 58601
150 West Villard, Dickinson ND 58601
Wells Fargo Bank
PRAIRIE HILLS MALL
1681 3RD AVE W, DICKINSON, ND 58601
Tel: 701-483-0874 www.wellsfargo.com
American Bank Center
140 1st Avenue West , Dickinson, ND 58601
(701) 483-6811 (877) 483-6811
410 W Villard St , Dickinson , ND