Hey there! Sign in to join this conversationNew here? Join for free

student finance accounts?

Announcements Posted on
How proud of your uni are you? Take our survey for the chance to win a holiday! 09-02-2016
  1. Offline


    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
  2. Offline

    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.
  3. Offline

    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.


Submit reply


Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: July 21, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

This forum is supported by:
Today on TSR

Student Money Week continues...

Find out which Q&As are happening today

Should junior doctors continue to strike?
Useful resources
How much money do you spend a week?The ultimate guide to tax!Guide to student bank accounts

Sponsored features:

Post Office Money logo

Travelling abroad?

Preferential exchange rates on your euros and dollars.

BIC logo

Need more cash?

Five ways you can make a few quid as a student.

Quick link:

Unanswered money and finance threads

Groups associated with this forum:

View associated groups
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.