STUDENT BANK ACCOUNTS
Student current accounts are an essential accessory for anyone heading off to university. Even if you don’t think you’ll get a part-time job or student loan, you’ll need somewhere to hold your money, especially given the ease of contactless and the various budgeting options on offer, it’s easy to see why you’d want a student bank account if you don’t already have one.
Not only can these accounts offer great deals on railway travel or other attractive bonuses, they usually come with low or even no overdraft fees. That means that if you end up spending a bit more than you have in your bank account, you won’t have to worry about fees and interest adding to your debt.
✅ Normally No Fees To Pay
✅ Usually Some Great Freebies & Giveaways
✅ Some Providers Will Pay Interest On Funds
✅ No Or Low Overdraft Fees
✅ You Can Switch At Any Time
❌ Not Competetive For Those In Credit
❌ Sometimes Specific Requirements
❌ Can Effect Your Credit Rating If Mismanaged
❌ Can Be Higher Fees If Your Still Overdrawn After Graduation