When it comes to college students, money is a priority. It is important to always have a good eye on your expenses and you should always want to use the latest and greatest things when it comes to banking. Losing track of your funds is just not an option.

Enter Waspit, the newest banking system that was created primarily for students; dubbed ‘Banking 2.0.’

Waspit wants you to take control of your money and let you have all of the say in how it is spent. It’s aimed at giving the students total control over their expenses and inform them on the best ways to spend their money. It also offers mobile payments and a number of features that give the user the power. For example, you can now pay back one of your friends for that time last weekend when he bought you some Taco Bell instantly over your phone. It’s designed to give you the latest capabilities in the most simplistic ways.

Did I mention that it’s free? There aren’t any pesky account or sign-up fees. You can even get the Waspit debit card or a mobile tag that goes on the back of your phone for when you want a quick payment. If you want both, all you have to do is pay two dollars a month. Yes, I said it: the whole package for just two dollars a month. Neat, right?

Waspit is also going to be a mobile application for both iOS and Android phone platforms, as well as a Facebook application for when you want to connect your account to your social networks. This will allow you to know what your account is and where your money is at all times. It’s that simple! It doesn’t matter what phone carrier you have, just as long as you have a phone.

With this brand new social banking technology, every college student that has a Waspit account will be able to know where their money is going and how much they currently have. By earning Buzz points by using Waspit, you also qualify yourself for a nice gift card to a venue of your choice. (That’s pretty cool, isn’t it? A FREE gift card!)

Also, with Waspit, when you get people to sign up, more Buzz points will be added to your account. That means that if you get everyone in your Psychology class to sign up, you’ll have enough Buzz points to get a gift card to a pizza place and buy everyone some lunch (or to Bestbuy towards your new iDevice)! And when you leave feedback about places that you’ve been or products you’ve tried, you’ll earn more Buzz points. It’s like Waspit wants to constantly give you points so that you can get the things that you want.

Read more about Waspit here: http://finovate.com/2012/09/waspit-launches-social-banking-for-students.html

All in all, Waspit is going to change the way that students do business. You can show your bank who’s boss, just by simply taking control what is rightfully yours: your money.