Not sure which bank to create a student account with

i went for the one with the best student deal, which in this case was an hsbc account with a free year of amazon prime and £100 voucher, because i only closed it anyway

I see. That sounds lit. By the way, can you tell me what fee-free overdraft means?

I see. That sounds lit. By the way, can you tell me what fee-free overdraft means?

I went with HSBC as well, i cant fault the service and their mobile app is very good
Fee free means that you wont be charged interest if you dip into your overdraft i.e the amount you pay back is the amount you took out. My student overdraft is/was £1000 i think

normal bank accounts go as low as £0 balance, (try) to spend more than that and you'll get charged a relatively big fee or the payment will fail

with an overdraft of £x, you can go to £-x without the fee or the payment failing, usually indefinitely - i've run an overdraft for at least a month without any issues

Wait, will I be charged for having a student bank account or something? Or is it free to have a student bank account? Sorry I’m a little lost 😅

No no you wont be charged, an overdraft is basically emergency money you can get from a bank if you run out. For all overdrafts now you need to pay back interest on what you borrowed with the exception being student bank accounts. It means if you need an emergency £10 or something you can dip into it without having to pay back say £20

So, as far as I know, you only have a student bank account so you can get the maintenance and student tuition loans right? Am I missing something? Sorry lol

no any student can have one for personal use, until they stop being a student. alternatively you can get your maintenance loan paid into a normal account, it doesn't matter

you can only have one student account though

Do you just use the student bank account as your normal one then? I already have an account with 2 different banks. Should I stop using one of them and use student account as my main one?

Do you just use the student bank account as your normal one then? I already have an account with 2 different banks. Should I stop using one of them and use student account as my main one?

personal preference

no i closed my student account because it's not especially helpful and i just wanted the free stuff from it

I moved my savings account to Santander (the one I have my student account in) just so it's easier to manage. (don't need to flick between two online banking platforms if i need to transfer money across etc.)

How did u manage to open a student account before results day? I tried to open one with Santander but they said i gotta wait till results day. Also my current bank tsb went from a normal to a student account automatically even tho I haven’t started uni yet, does that mean I can’t open a student account with another bank since I really wanted to open one with Santander

So let me get this straight. The differences between a normal bank account and a student one are:

- Freebies
- Fee free overdraft
- tuition and maintenance loans

Is this correct? I heard you will have to pay everything back immediately if you don’t have a student bank account