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student finance accounts?

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Applying to Uni? Let Universities come to you. Click here to get your perfect place 20-10-2014
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    heya

    so basically i'm kinda confused about student loans and setting them up to your bank account, because i vaguely remember previous students talking about having two bank accounts, one for normal use and one for their student loans?

    Words of Wisdom appreciated
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    It's difficult to answer the above question...because I don't think many people understand the purpose of your question lol.

    Most students have more than one bank account, normally they have a cashcard account and a student account.

    The student account comes with many benefits depending on what bank you are with, such as overdrafts, 0% interest paid on overdrafts, discounts on railcards, etc.
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    I think I get what you're trying to ask.

    When you set up your student finance you simply enter the details of the bank account that you want the money to be paid into. You don't need to have more than one account, but some students like to have two; one current account for bills and whatnot, and a savings account (preferably with a decent interest rate) to store the money in that you're not using at that time.

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Updated: July 21, 2012
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