When should I open my student bank account for university loans?

I would wait until you turn 18 because you cannot apply for an overdraft until you turn 18

I will be turning 18 in June, will it be too late to do it then or is it fine to do it before results day?

You typically can't open a "student" account until after you have a confirmed place at university; so in general that's after A-level results day.

But there's nothing to stop you opening a "young persons" bank account now (for example, Santander have their "1|2|3 Mini Current Account" for 13-17 year olds; and Barclays a "Young Person’s Account" for 16-18 year olds; other banks will have similar products) , and then transfer that to be a student account once your place at university is confirmed.

Hi sorry for the late response but is it worth opening a child account when I’m so close to turning 18 by which I’ll have to get an adult account anyways?

Hi sorry for the late response but is it worth opening a child account when I’m so close to turning 18 by which I’ll have to get an adult account anyways?

If you need a bank account now, then it is worth opening one. If you don't, then wait. Sometimes the incentives offered with student bank accounts (eg Santander's free railcard), aren't available to existing customers so be careful where you open an account.

I’m thinking of opening one now because I just submitted my SFE application and isn’t there a deadline to put bank details on the account?

You can leave the bank details empty for now and add them once you have your student account. There is time to add bank details (and course details if you don't make your firm choice) between results day and when courses start.