It is recommended that you bring between $100 and $300 cash.  Credit cards are widely accepted for many expenses.  It is not safe to keep a lot of cash (currency) with you.  Banks and credit unions provide a safe way to keep your money.  You may open up checking and/or saving accounts in local banks; to do so you need your photo ID.

Checking account is an account which allows the holder to write checks against deposited funds.  One may withraw money from checking account by using debit card.

Savings account is a deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing.  It is also possible to transfer money from savings to checking account.

Debit card is a plastic card that works in conjunction with the checking account; it can be used at Automated Teller Machines (ATMs) to withdraw money or directly at the stores to make purchases; the money is deducted from the checking account.

Check is a piece of paper (or sometimes electronic) that orders a payment of money from the checking account; it can be used to make purchases or to pay bills; the money is deducted from the checking account. 

Banks and Credit Unions 

Cedar Falls Community Credit Union 266-7531 123 W 4th St
Farmers State Bank 1710 W 1st St 268-1879 
First National Bank 266-2000 602 Main St
First Security State Bank 266-0474 3229 Greenhill Cir 
Iowa Community Credit Union 277-3940 3301 Cedar Heights Dr
Liberty Bank 296-7555 205 W 2nd 
Lincoln Savings Bank 266-0095 301 Washington St
Regions Bank 800-734-4667 422 Main St
Veridian Credit Union 235-3228 Maucker Union UNI
UNI Credit Union 273-2479 802 W 29th St
U.S. Bank 277-1320 222 Washington St
Wells Fargo Bank 273-8855 6309 University Ave

CAMPUS ATM's (Automated Telle Machines)

Veridian Credit Union: 23rd Street Market, Gallagher Bluedorn Performing Arts Center, Maucker Union, McLeod Center, Redeker Dining Center, Towers Dining Center, UNI-DOME


American currency is based on the decimal system with 100 cents to 1 dollar.  Currency is used in coins and bills.  Coins come in values of 1 (penny), 5 (nickel), 10 (dime), 25 (quarter), 50 (half-dollar), and 1 (silver dollar).  Paper bills come in values of 1, 5, 10, 20, 50, and 100.



Links to websites are provided for informational purposes only and are not an endorsement by the International Students and Scholars Office.