Answer: Based on recent research, students feel more prepared if they have a checking account prior to college:
In fact, a recent survey of 42,000 first-year college students found that the earlier teenagers had access to credit cards, the less prepared they felt for managing their own money in college. Those who had checking accounts, by contrast, were “markedly more prepared” to handle their finances than those who were unbanked before college, according to the study conducted by education technology company EverFi and sponsored by financial services company Higher One.
Might be a good class opener to have students discuss pros/cons of each product. The more experience students have with both products, the richer the discussion will be.