Hey there! Sign in to join this conversationNew here? Join for free
x Turn on thread page Beta
    • Thread Starter
    Offline

    10
    ReputationRep:
    Hi,

    I am applying to SF England. I read the wiki page on student finance.

    I already have a visa card from Halifax. I was wondering what exactly are the advantages of having the student bank account?

    I can understand you are entitled to overdraft and you get free goodies and offers, but is it compulsory for me to have a student bank account to apply to student finance?

    Thanks in advance
    Offline

    12
    ReputationRep:
    No, you don't have to have a student account to have a student loan. There's probably other advantages to having one though.
    Offline

    0
    ReputationRep:
    (Original post by New Username)
    Hi,

    I am applying to SF England. I read the wiki page on student finance.

    I already have a visa card from Halifax. I was wondering what exactly are the advantages of having the student bank account?

    I can understand you are entitled to overdraft and you get free goodies and offers, but is it compulsory for me to have a student bank account to apply to student finance?

    Thanks in advance
    It is not compulsory for student finance at all.
    The advantages are what you have listed, mainly the interest free overdraft, which at Halifax is £3,000 all the way up until a year after you have left Uni.
    Offline

    16
    ReputationRep:
    This question has been asked lots of times. No, you don't HAVE to have a student account for your student loans.

    It would be silly if you did as some people aren't eligible for student accounts (I won't be able to get one because I haven't lived in the UK for the last three years). Advantages are pretty much just an overdraft and free goodies like you said.
 
 
 
Poll
Do you agree with the proposed ban on plastic straws and cotton buds?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.