I'm in my first year of uni and I'm in need of a PC for work (all lecturers are online), atm I'm sharing one with my family, I used to be able to manage sharing it, but now uni work has increased and lockdown, meaning my mum is working from home and less free time for me to use it.
I have a job ready, but I start it next month, and until then I need a PC.
I've looked into student Bank accounts, but I'm a little confused about them, they say it's an interest free overdraft that you start to repay after graduating, but that pretty much seems like a 3 year loan, and I feel like there has to be some sort of catch to it. I called Santander and asked more about it, and they said the catch is I need to have an inflow of £500 every few months.
Are all other banks like that? I searched on their websites and found nothing mentioning it, just that you have to start repaying after graduating. I'm currently with Barclays so I plan to open a student account with them (I was going to open one with Santander since they give the highest overdraft, but the £500 inflow thing didn't let me). Are these overdrafts meant to be used as loans? I intend to start paying it off as soon I begin work.
Also if anyone has a Barclays student Bank account and maybe can give their experience using it.