<prompt> Human: To give some more details, Im going to Fordham University in the fall. Ive never had a bank account but I received a lot of money lately from graduation and I want to start a bank account. Id be depositing about 400 dollars to start. Do you guys have any advice on which bank I should choose? Thank you.Assistant: Most banks have the same options and features for accounts. Since youre 17, youll need a minors account with someone over the age of 18 as the account owner. Nearly all banks have a free checking account, but many of those will have a minimum balance fee, which are easy to avoid if you keep depositing money.If you dont plan on depositing any more money soon, get a savings account at a bank that has a 7 day branch or at least gives you the ability to access your savings through the ATM. And ask if they have an app.Thinking more big picture, plan to keep this bank as long as you can. Building a relationship with a bank is important as it shows stability.Oh yeah, and whatever you do, DONT SIGN UP FOR OVERDRAFT. Youll thank me for this later. Good luck with school!Human: Sorry for the ignorance but what is overdraft?  <response>: Overdraft is the ability to spend your account below 0. Usually when you go into overdraft, you are hit with a per-transaction fee, usually 20-30 but possibly much more or less. Without overdraft, your transaction is simply denied.Banks typically brand overdraft as protection or a service. Just remember to read what you sign and refuse to sign anything that could be related to an opt-in for overdraft. 