Hey there! Sign in to join this conversationNew here? Join for free

Student account - Can you apply for more than one? Watch

    • Thread Starter
    Offline

    9
    ReputationRep:
    I applied for HSBC about 5 days ago, but the railcard from santander would be useful for me

    Are they disadvantages from having more than one account?
    • Section Leader
    • Very Important Poster
    • Peer Support Volunteers
    • Clearing and Applications Advisor
    Online

    21
    ReputationRep:
    Section Leader
    Very Important Poster
    Peer Support Volunteers
    Clearing and Applications Advisor
    (Original post by kingLAWZA)
    I applied for HSBC about 5 days ago, but the railcard from santander would be useful for me

    Are they disadvantages from having more than one account?
    Some banks t&c's dont allow that, also multiple overdrafts could look bad on your credit report. Not worth the hassle for a free railcard.
    • Thread Starter
    Offline

    9
    ReputationRep:
    (Original post by claireestelle)
    Some banks t&c's dont allow that, also multiple overdrafts could look bad on your credit report. Not worth the hassle for a free railcard.
    The thing is, I don't intend to use these cards in any shape or form, I'm using another completely separate debit card I made a couple years back for anything. These cards are purely for the benefits. I know I have to put money in, but can I take it out as soon as I get the railcard for example?
    • Section Leader
    • Very Important Poster
    • Peer Support Volunteers
    • Clearing and Applications Advisor
    Online

    21
    ReputationRep:
    Section Leader
    Very Important Poster
    Peer Support Volunteers
    Clearing and Applications Advisor
    (Original post by kingLAWZA)
    The thing is, I don't intend to use these cards in any shape or form, I'm using another completely separate debit card I made a couple years back for anything. These cards are purely for the benefits. I know I have to put money in, but can I take it out as soon as I get the railcard for example?
    It doesn't matter that you don't plan on using them, you ll have opened two accounts that will be on your credit report so you ll break terms and conditions. They ll know people try and play the system so they probably won't give it to you until a bit after you ve opened the account.
    • Thread Starter
    Offline

    9
    ReputationRep:
    (Original post by claireestelle)
    It doesn't matter that you don't plan on using them, you ll have opened two accounts that will be on your credit report so you ll break terms and conditions. They ll know people try and play the system so they probably won't give it to you until a bit after you ve opened the account.
    Ok thanks,

    I applied for my HSBC account but I never received any confirmation email, is this normal? It would be a week soon and they said it would be sorted in a week
    • Very Important Poster
    Online

    19
    Very Important Poster
    I did some research on this and there is a way to open several accounts at the same time. Hassle though. If you do some research you can work it out for yourself. It only works during a certain time period though.
    Offline

    18
    ReputationRep:
    Check the terms and conditions of the two accounts, and ask Santander if you're allowed to have a student account with another bank. If you've only just opened the first account, are you able to withdraw? Sometimes they give you X days to change your mind
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Would you like to hibernate through the winter months?
    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
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • 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.