Student bank accounts & loans Watch

Thidical
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Most student bank accounts state that you are required to have accepted an unconditional offer, or received your grades and met your conditional firm/insurance. If we have to apply for a student loan prior to getting our grades, and therefore prior to getting a student bank account, surely the loan will go through our current debit cards (11-18 account or whatever)? So what's the point in a student bank account?
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sophia5892
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(Original post by Thidical)
Most student bank accounts state that you are required to have accepted an unconditional offer, or received your grades and met your conditional firm/insurance. If we have to apply for a student loan prior to getting our grades, and therefore prior to getting a student bank account, surely the loan will go through our current debit cards (11-18 account or whatever)? So what's the point in a student bank account?
If you stay with the same bank then your account details (sort code and account number) won’t change even if you change account type.

Loans are paid to your account not your debit card.

Or you apply with your current bank details then change them before your first loan instalment if you switch banks.
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Last edited by sophia5892; 1 month ago
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Thidical
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(Original post by sophia5892)
If you stay with the same bank then your account details (sort code and account number) won’t change even if you change account type.

Loans are paid to your account not your debit card.

Or you apply with your current bank details then change them before your first loan instalment if you switch banks.
Aah right, thank you
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999tigger
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(Original post by Thidical)
Most student bank accounts state that you are required to have accepted an unconditional offer, or received your grades and met your conditional firm/insurance. If we have to apply for a student loan prior to getting our grades, and therefore prior to getting a student bank account, surely the loan will go through our current debit cards (11-18 account or whatever)? So what's the point in a student bank account?
You apply for a student loan and they start to process. they wnat the evidence and details to make sure you are elihible and how much for.

You get your results mid August. At this stage you can try and open a bank account as you will be able to confirm your place and prove to the bank youve accepted. You will also need proof of address for the uni accomm unless living at home.

You dont get paid till you enroll and start uni which is about mid sept to mid oct.

Your bank account should already be set up bu then to take your loan or of you have a junior account it will go there.

Point of student bank account maybe £80 Amazon voucher, railcard.

£1,000-£3,000 overdraft the most importnat feature.
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