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Which student bank account do you use? Watch

  • View Poll Results: Which student bank account do you use?
    Lloyds
    34
    17.00%
    Natwest
    29
    14.50%
    Santander
    60
    30.00%
    Co-op
    11
    5.50%
    HSBC
    37
    18.50%
    Halifax
    13
    6.50%
    Other
    16
    8.00%

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    (Original post by OHNOGEM)
    Well I don't plan on having min wage lol, but it's just the the feel of added debt tution+loan+overdraft right after you graduate is pretty heavy
    I'm 1,500 into mine and I will extend it in my postgrad year to 1,750. I don't feel worried though because of my banks graduate account.

    Also, the loan isn't really hanging over my head because it automatically comes out of your account, it's not money you ever really have access too.

    I used my overdraft for silly things like going out, but I'm glad I used it and had no regrets about my time at university because I missed a night that I really wanted to go to! Everyone is different though, do whatever you think is right for you
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    Santander but only because they were giving £50 to new customers! Due to start my placement (third year) now and the overdraft is a godsend! Don't know what I'd do without it tbh
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    I'm planning to use Halifax, simply because I'm already with them and they offer good overdraft limits.
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    How do we get out railcard sorted with Santander?

    Is it free or a small fee?

    Thanks.
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    I currently have a 123 account with Santander, and will be switching to a 123 student account (new for this year I believe?) with Santander.

    You get the overdraft facility, the free railcard, plus 3% AER (interest) on any balance between £300 - £2,000. You can also have a contactless debit card if you want, which is also useful for purchases under £20.
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    (Original post by sparkysarmy)
    How do we get out railcard sorted with Santander?

    Is it free or a small fee?

    Thanks.
    It is free, you order it from your online banking, there is an option to do this when you login.
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    I'm an international student starting my first year this fall, and I sort of have no idea where to begin with student banking. I've been looking through this thread and it looks like Santander is might be a good choice, but I'm open to any other suggestions?

    Also, is anyone here familiar with BBVA and their services? I have a BBVA Compass account in the United States, so I've been considering opening up a BBVA current account in the UK for student banking purposes but I don't know if that's my best option.
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    (Original post by danyxin)
    I'm an international student starting my first year this fall, and I sort of have no idea where to begin with student banking. I've been looking through this thread and it looks like Santander is might be a good choice, but I'm open to any other suggestions?

    Also, is anyone here familiar with BBVA and their services? I have a BBVA Compass account in the United States, so I've been considering opening up a BBVA current account in the UK for student banking purposes but I don't know if that's my best option.
    International student accounts, don't come with the same perks unfortunately. Check the picture below..

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    You also get a debit card and a cash withdrawal limit of £300 per day. I imagine the one free foreign cheque deposit each month, would save you a fair bit of money though.
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    Lloyds preach how last yr they were voted best for student accounts. I'm iwht them (just finished A-levels) and they automatically transfer you to a student one. Wondering if there's anyone better thou
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    (Original post by Soontobesuper)
    Lloyds preach how last yr they were voted best for student accounts. I'm iwht them (just finished A-levels) and they automatically transfer you to a student one. Wondering if there's anyone better thou
    Read this thread and then you can decide for yourself.
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    (Original post by 8472)
    HSBC!!!!!!! Woop woop.
    I've never seen such a reaction to HSBC - at least, my housemate doesn't feel the same
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    (Original post by OHNOGEM)
    But the interest adds up when you finish your degree
    Most banks offer a year free interest after you finish your degree or you can swap onto their graduate bank account which offers the same thing. I got a job and I paid my overdraft off pretty quickly after my first degree, within the year of free interest.

    Like I said before... 'if you are sensible'. If people are not sensible then maybe they should avoid overdrafts.

    If you don't 'need' an over draft and you are smart then you could put some of the money into a high interest account, make some profit and pay it all back before the interest free period.
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    (Original post by alow)
    I don't want any of the freebies nor do I even come close to needing the overdraft.
    More fantastic that you don't need an overdraft. Get one anyway, put some of the money into an ISA and earn interest on it over the period of your degree, then pay off the overdraft before the interest free period ends. It's that easy.
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    (Original post by littleeggy)
    More fantastic that you don't need an overdraft. Get one anyway, put some of the money into an ISA and earn interest on it over the period of your degree, then pay off the overdraft before the interest free period ends. It's that easy.
    Hi can I PM you about this? I'm interested
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    (Original post by littleeggy)
    More fantastic that you don't need an overdraft. Get one anyway, put some of the money into an ISA and earn interest on it over the period of your degree, then pay off the overdraft before the interest free period ends. It's that easy.
    I'm already going to be at the limit you can put into an ISA each year. Not worth it for the couple of quid I would get anyway.
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    I'm with HSBC I quite like them I had a £500 overdraft for my first year which I think is probably the best amount for anyone starting off with an overdraft and this year I've been offered the credit card with a limit of £500. Mind you, I have no intentions of using the credit card without knowing I have the money to pay back what I use :ahee:

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    (Original post by SophieSmall)
    I personally hate PINsentry. I think it's really inconvenient if you need to quickly check your online banking or make a transfer and you don't have it with you.
    You can do it without the PINSentry device if you set it up that way
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    If I get a student bank account mine has gotta have more perks and less overdraft. Only because I would use the rail card, discount card etc all the time but the overdraft would rarely get used


    Nightworld1066
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    anything but halifax. i've had so many problems with them.
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    (Original post by Shaolin Punk)
    anything but halifax. i've had so many problems with them.
    What kind of problems? I've been wrestling over switching so, your experiences could be helpful!
 
 
 
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