The Top Five Student Bank Accounts For New Students, As The Summer Holidays, Come To An End.
As the final couple of weeks of the summer holidays creep up on us, the back-to-school sales have begun, and older students may be looking forward to starting college and university for the first time; for many, it's time to start looking at student bank accounts and checking out which one is the best for them and see which one is offering the best perks!
Student accounts are bank accounts specially designed for students - and usually, you can open one after you complete your A-levels or Scottish Highers once you have a place confirmed at university.
What might a student account offer?
Most banks will offer bonuses to entice the student to bank with them; after all, many students often stick with their student bank for many years after further education, and the banks know this and will do what they can to get their custom!
You may find banks offering:
0% overdrafts
Free cash
Free gifts such as discount cards for goods and service
As a guide, here are 5 of the most popular student bank accounts and what they offer new account holders.
It's worth noting that interest-free overdrafts are great in that they offer you a line of extra credit without any interest payments; however, they do need to be still repaid at some point, and so they should be used only as a last resort, and shouldn't be used as a way to finance that extra few drinks in the student union!
Information is correct as of the 20th of August 2022.