Local Banks

As a Penn student, you have the option to choose any bank for your direct deposit relationship. Penn has long-standing relationships with two financial institutions that offer services you may find specifically tailored for your needs – PNC Bank and the Student Federal Credit Union (SFCU). These institutions provide students the option to link their accounts to their PennCards, which allows the ID card to be used as an ATM or a debit card.

There are other institutions near campus that you may decide better meet your needs. We list a selection of nearby banks below.

Note to New Students:

U.S. Citizens and Permanent Residents: You can open an account with any of these financial institutions online, prior to your arrival on campus.

International Students: You must be present to open an account and should do so as soon as possible after your arrival on campus.

PNC Bank

Students can link their PennCards to a PNC Bank account to use as an ATM or debit card. PNC makes banking convenient, with PNC ATMs on and around campus, including all Wawa locations. PNC also offers a number of accounts and tools customized for students.

You should be aware that, in exchange for the opportunity to promote their programs to the Penn community, PNC Bank provides Penn with financial contributions that help sustain important student programs and other University initiatives.

For more information about Penn's relationship with PNC and how to open an account, visit the PennCard website

PNC also publishes information specifically for international students looking to open a U.S. bank account. 

The Student Federal Credit Union (SFCU)

As a credit union that serves the Penn community, the SFCU offers convenient access to accounts. Using a linked PennCard or Visa® Check Card, account holders can access 18 ATMs on and around campus and nationwide. To open an account, visit www.upennsfcu.org/ or call (215) 222-2604 for more information.

Other Financial Institutions

Listed in alphabetical order, located on or near the Penn Campus:

  • Bank of America
  • Citizens Bank
  • Santander Bank
  • Sovereign Bank
  • TD Bank
  • Wells Fargo
Banking Relationship Disclosures

Penn complies with the U.S. Department of Education’s guidelines in making information on its marketing relationships with financial institutions publicly available. The contracts outlining the banking relationships with PNC Bank and the Student Federal Credit Union at the University of Pennsylvania can be found here.