Natwest offer the railcard and the offer is brought out mid june. (i work there and this is when its been brought out over the past few years)
Don't get an account for the railcard lol, they cost £64 for 3 years, that's nothing really!
just looked on the natwest site... all the overdrafts sound good, but its still annoying that it doesnt say about a reail card!!
I'm with the Co-Op bank and I get a £2,000 interest-free overdraft, which is pretty good if you ask me, although there aren't many branches around (my nearest one is Luton and that's about 40 minutes drive away) but most things can be sorted over the phone, and I can pay in cash at the Post Office. I wouldn't recommend taking out an account just for the 'freebie' unless it's really going to benefit you.
how long does the coop give you to pay off your overdraft before interest kicks in?
Nat West give you 3 years after you graduate.
Natwest now ask for evidence of an unconditional offer before they will let you set up your account/convert the account you already have to a student one. This requirement was new in 2010. If you can get the free railcard another time, remember that money has to go into your account once a month and out of it three times a month (I think) or they will take your railcard away when it is due for renewal.
the critical thing in your post is that Nat West have not yet opened their student account promotion so what they are doing changing accounts now is to get out of offering the deals to the poor saps that sign up now.
Im just going to change my account at lloyds to a student account, that way I don't have to change my info with student finance and wont have to remember a new pin. I get a £1,500 interest-free overdraft starting with £500 for the first six months i can then apply to increase it to £1,000 in months seven to nine and I can apply for £1,500 after that
I'm going to change from HSBC to NatWest when freshers rolls around because I have no need for the overdraft system and want a freebie railcard ;D
After you open the student account is the money available immediately? Or must you wait until your university course starts?
My preferences in order are...
Co-op (was rejected for a current account a few months ago)
Lloyds (currently have a current account with them)
Yorkshire Bank (owe them money but if the debt was passed on then there is a chance)
Poor credit history, so i am doubtful i will get one at all.