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What happens to a student account/overdraft after you finish uni?

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    Hi

    I have a student account with one of the banks. I'm around 1300 in overdraft (limit is 2000). After I finish uni and am no longer a student what does the bank then do to the student account and the overdraft. Will they convert my account to a normal current account and if i am in overdraft what will happen, will they ask for it back immediately or will they charge interest on the amoun that I am in overdraft and if so will that be alot?

    thanks
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    They will periodically lower your overdraft limit, expecting you to slowly bring the balance down. You should contact your bank for the exact terms as they will differ.
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    natwest you get a 1 yr period in which it remains the same and you get to pay it back, kinda cool
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    Depends on the banks terms and conditions.
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    I've heard of one bank automatically converting you to a graduate account, which has a bigger overdraft limit (slightly) therefore, they're noticing you might not have a steady income. No bank should expect you to pay your overdraft off as soon as you finish your course...it's not how the world works!

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Updated: June 11, 2012
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