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Student bank accounts
Former Member
Posts: 1,876,323 The Mix Honorary Guru
For those of you who are university students, what bank are you with/what sort of bank account do you have? Did you switch from your old bank before you went? What made you do this?
Any information would be appreciated, as I thought it would be good to 'shop around' for the best account. What sort of things should I look for when choosing one? Thanks in advance!
Any information would be appreciated, as I thought it would be good to 'shop around' for the best account. What sort of things should I look for when choosing one? Thanks in advance!
Post edited by JustV on
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I have a student account with Natwest. Before going to university I just had a current (1621) account with Abbey National, which i have kept open. Abbey National don't do a proper student account which is the main reason why I switched to Natwest.
Basically make sure you look at all the different features of the account and compare them to check you are getting everything you need from whichever account you need. Check overdraft amounts etc.
Hope this helped a bit!
The overdraft facilities are great too.
Yup, same here.
I still have my old current account with Nationwide for my student loan to go in to but I transfered the first part into an ISA as soon as it arrived anyways.
My ISA's with HSBC as well so I can transfer money instantly on the net...which is useful when I need a bit more from my loan to keep me going...
Be warned though, I have thoughilly raped my overdraught and am aware that it will need to be paid back in the not-to-distant future. It's either that or I'll have to fake a suicide and disappear off to Peru.
Bopz
Like a freezer.
:-.
I got £1000 overdraft in my first year and £1250 in the second with HSBC. To be honest, I haven't used it at all, but I'm very careful with my money. I know a lot of people don't find it enough of an overdraft.
Nat West do £1250 overdraft first year, but I've only got £1000 currently but have to say most of it's gone. although I did use it to pay my other overdraft off so I suppose I haven't done too badly really. Christmas is gonna be a bugger though.
The overdraft has been good, mainly because its interest free money, so if you borrow it now and pay it back later your making money on it.
Mine was £750 straight away, going up to 1000 then 1250 in the second year and in the third it was 1500. They also give you quite a while to pay it back, which is good. The 1500 goes down by 500 each year, so I'm in no rush to pay it back.