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Which Student Bank Account?

Student bank accounts offer free overdraft facilities and will stop you getting stung by sky-high interest rates that standard accounts don’t. So that means before you head to uni you’ll need to open one so your money is in the best possible place. To help you choose which one here’s the lowdown of all accounts on offer, just click on the name of the bank to find out more.

Barclays
Award-winning banking app
£500 fee-free overdraft on account opening
Up to £2,000 fee-free overdraft while studying
Save money and earn cashback with SmartSpend
Personalised contactless Visa debit card
Barclays Pingit allows you to send and receive money from friends and family using your mobile
Barclays Cloud document storage for banking and personal documents

Halifax
£1,000 interest-free overdraft on opening account
Mobile banking app
An interest-free planned overdraft for the length of your course plus an extra year after you graduate, up to a
maximum of 6 years
Go contactless with your Visa debit card
Free mobile text alerts for balances, limits and overseas transaction alerts
Earn when you spend once registered for online banking

HSBC
£500 interest-free overdraft on opening account
Up to £3,000 overdraft
No overdraft fees
£60 Amazon.co.uk gift card
Mobile banking app
PayM allows you to pay friends and family using just their mobile number
Access to offers and discounts

Lloyds
Fee-free tiered Planned Overdraft of up to £1,500
Student credit card
Free NUS extra card
Free everyday banking
Get up to 15% off places you shop regularly

Natwest
£500 interest-free overdraft in first term and up to £2,000 after that
Mobile banking app
Free National Express Young Persons Coachcard valid for 4 years when you sign up for paperless statements
Earn cashback on purchases at popular retailers

RBS
£500 interest-free overdraft in first term and up to £2,000 after that
Mobile banking app
Free National Express Young Persons Coachcard valid for 4 years when you sign up for paperless statements
Earn cashback on purchases at popular retailers

Santander
Free 4-year 16-25 Railcard which could save you 1/3 off rail travel
An interest-free and fee-free Arranged Overdraft, up to £1,500 in years 1-3, then up to £2,000 if you stay on to year 5
Earn 3% interest on  balance between £300 and £2,000

The Co-Operative Bank
Interest-free overdraft of £1,400 in first year increasing to £2,000 in third year
No monthly fee
Online banking
Free text alerts when your balance goes under or over limits set by you
Bank has ethical values and supports thousands of communities across the UK

 

 

 

 

 

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