Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Clear Lake Bank & Trust


Girl looking at debit card and paying with her phone.

Banking Tools for College Students

Leaving home requires a few new financial tools.


Person to Person Payments

Owe your roommate money for half of the utility bill? No problem – just use our free Person to Person Payment system to automatically send funds via phone, tablet, or PC. Friends do not need to be CLB&T customers. All you need is their email address. 
Don't waste money on ATM fees. Check out ATMs in your new location to get cash without paying a fee. We've done the work for you with a list of surcharge free ATMs at the University of Iowa, Iowa State University, University of Northern Iowa, and North Iowa Area Community College
  • Check balances

  • Transfer money

  • Review transaction history

  • Pay bills to a company

  • Pay a person

  • Manage your debit card: activate and turn off if lost/stolen

  • Deposit a check via your phone’s camera

Student FAQs: 

How old do I have to be to get a checking account?
We suggest you are in or going into high school. If you're under 18, you'll need an adult with you when you open it. 
How old do I have to be to get a debit card?
Since you must have a checking account to have a debit card, see answer above.
Is there a fee to have a debit card?
While there is an annual debit card fee depending on the account type you choose, we offer students opening a new checking account a free MyPic debit card for a limited time, so no worries on the affordability factor. Our fun stock image options make it easy to get a card you'll love.
Should I get a credit card before going away to college? 
Totally your call, but Rome wasn’t built in a day and neither is your credit score. Having a credit card is a great way to establish credit! Taking care of this with your local banker before you go away to school is less stressful and one less think to think about.
Do I need to switch my bank account before I go to college or move away?
No way! You can do most of your banking (checking your balance, transferring money, paying a friend, depositing a check) from your phone or laptop. 
What should I expect to pay in student loans? 
Lots of variables there. Check out our financial calculators for estimates. 
Can I still save money while in college?
Not all students are starving. Saving money is hard, but there are plenty of ways to become smarter about the way you spend your money. Take a peek at our tool that can help #savings goals.  
More questions? Contact a personal banker.