If you don't have a lot of experience with banking, here are four tips you should know before spending another penny.
Marguerita Cheng, a financial planner at Blue Ocean Global Wealth, says opening up a second bank account may be a good option.
"Even when you're in school, if it is appropriate for you to open another account, you're not doing anything to disrespect your parents.
When you're deciding which bank account to open, Cheng advises Gen Z to be wary of CDs.
You'll want to pay attention to monthly maintenance fees, overdraft fees, and out-of-network transaction fees, which are some of the most common charges.
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