Tamzy_344
Badges: 2
Rep:
?
#1
Report Thread starter 2 years ago
#1
I am currently studying in first year of college and I am worried about my student loan and maintenance loan as with my perivious bank I had lost my card and soon after my bank had closed my account and with further investigation they have made the decision to close my account.I have been told I have a Cifas marker and that it last 6 years I have looked into serveral bank account that accept people with this marker but I am unsure if student finance will accept these bank accounts as most of them are prepaid.
I would like to know what kind of account you have to have which is approved by student finance and how this marker can affect my student loan and maintenance loan ?
0
reply
Rona SFE
Badges: 8
Rep:
?
#2
Report 2 years ago
#2
(Original post by Tamzy_344)
I am currently studying in first year of college and I am worried about my student loan and maintenance loan as with my perivious bank I had lost my card and soon after my bank had closed my account and with further investigation they have made the decision to close my account.I have been told I have a Cifas marker and that it last 6 years I have looked into serveral bank account that accept people with this marker but I am unsure if student finance will accept these bank accounts as most of them are prepaid.
I would like to know what kind of account you have to have which is approved by student finance and how this marker can affect my student loan and maintenance loan ?

Hi Tamzy_344,

Everyone should be entitled to a basic bank account that will accept bank transfers. You should speak to your bank regarding opening such an account.

Regards Rona
0
reply
Tamzy_344
Badges: 2
Rep:
?
#3
Report Thread starter 2 years ago
#3
I have tired to apply to other bank for basic bank account but it’s not possible until I reach 4 years but I have found prepaid bank accounts that give me the same access however I am unsure if student finance will accept this type of account
0
reply
Rona SFE
Badges: 8
Rep:
?
#4
Report 2 years ago
#4
(Original post by Tamzy_344)
I have tired to apply to other bank for basic bank account but it’s not possible until I reach 4 years but I have found prepaid bank accounts that give me the same access however I am unsure if student finance will accept this type of account
Hi Tamzy_344,

Student funding payments must be paid to a bank account in your own name. If you have a poor credit score you may have difficulties opening a bank account. You can apply to a bank or building society for an account, however an alternative would be a 'prepaid' bank account or a Post Office account (if you are in receipt of certain benefits).and that would be acceptable.Regards Rona
0
reply
Tamzy_344
Badges: 2
Rep:
?
#5
Report Thread starter 2 years ago
#5
(Original post by Rona SFE)
Hi Tamzy_344,

Student funding payments must be paid to a bank account in your own name. If you have a poor credit score you may have difficulties opening a bank account. You can apply to a bank or building society for an account, however an alternative would be a 'prepaid' bank account or a Post Office account (if you are in receipt of certain benefits).and that would be acceptable.Regards Rona
Thank you so much for that information because I have found those solutions but wasn’t sure if they accepted it but thanks for the reassurance
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

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.

Personalise

Had lockdown impacted your relationships?

Yes, my partner and I are struggling (28)
7.78%
Yes, my partner and I broke up (32)
8.89%
Yes, it's hard being around my family so much (80)
22.22%
Yes, I'm feeling lonely isolating alone (44)
12.22%
No, nothing has changed (111)
30.83%
No, it's helped improve my relationships (65)
18.06%

Watched Threads

View All
Latest
My Feed