You will probably find it necessary to find a bank while you are living in Chicago. It will be helpful to receive your stipend payment, cash checks, pay bills, be paid for an internship, and perhaps use for online shopping. Hyde Park has a number of reputable banks with varying services. Some local options:
Many of these banks will have New Student Account specials in the fall, to attract new students.
TTIC does not endorse any bank: local, online or other.
Information about opening a bank account in the US, and the benefits of having a bank account in the US, for international students.