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Where Should You Bank?

Whether you choose to open a local bank account or continue to bank where you have in the past is an individual decision. The information provided on this page can help you find what’s available locally so that you can compare and decide what is best for you. For convenience, Macalester can and strongly encourages students to direct deposit their student payroll checks. Direct deposits can only be set up with banks located in the United States.

There are also many banking options located within a three-mile radius of campus and one US Bank ATM machine located on the lower level of the Campus Center. Most of these banks will allow you to open an account online, but in order to do so, you will need:

  • to be at least 18 years of age (or to have a joint account holder who is 18 or older) and
  • to be a legal resident of the United States.

If you choose to open an account online, make sure you have the following information on hand:

  • Social Security Number
  • A driver’s license, state ID or military ID for each applicant. (Note: International students will have the opportunity to open a bank account as a part of the Pre-Orientation for International Students.)
Bank NameAddressPhoneDistance from campus
Associated Bank202 Snelling Ave, St. Paul(651) 646-86810.7 miles
Bank Cherokee985 Grand Ave, St. Paul(651) 292-92001.4 miles
Bank of America2044 Ford Parkway, St. Paul(651) 528-58992.2 miles
Coulee Bank742 Grand Ave, St. Paul(651) 698-81001.9 miles
Old National Bank1570 Concordia Ave, St. Paul(612) 486-97600.8 miles
US Bank1071 Grand Ave, St. Paul(651) 229-61231.3 miles; ATM located in the Campus Center
Wells Fargo Bank1827 Grand Ave, St. Paul(651) 205-5480 0.6 miles

If you have questions about banking, you may contact Patricia Langer, Associate VP for Finance at 651-696-6562 or