Join TSR now for chat about life, relationships, fashion and more…Sign up now

student finance accounts? Watch

    • Thread Starter


    so basically i'm kinda confused about student loans and setting them up to your bank account, because i vaguely remember previous students talking about having two bank accounts, one for normal use and one for their student loans?

    Words of Wisdom appreciated

    It's difficult to answer the above question...because I don't think many people understand the purpose of your question lol.

    Most students have more than one bank account, normally they have a cashcard account and a student account.

    The student account comes with many benefits depending on what bank you are with, such as overdrafts, 0% interest paid on overdrafts, discounts on railcards, etc.

    I think I get what you're trying to ask.

    When you set up your student finance you simply enter the details of the bank account that you want the money to be paid into. You don't need to have more than one account, but some students like to have two; one current account for bills and whatnot, and a savings account (preferably with a decent interest rate) to store the money in that you're not using at that time.
Is GoT overrated?
Useful resources
How much money do you spend a week?The ultimate guide to tax!Guide to student bank accounts

Sponsored features:

Web Legend

Win a Macbook Air!

Blog about setting up a website for a chance to win in our Web Legend competition.

Quick link:

Unanswered money and finance threads

Groups associated with this forum:

View associated groups

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

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