Student bank account

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username5243714
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#1
Report Thread starter 8 months ago
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Can someone help guide me through the important things to know about getting a student bank account? I am starting university in September.

I have a few questions already but if you have any other important information, feel free to post it.

Can you set one up online or does it have to be in-person?
Can you get rejected when you apply?
Which bank offers the best account?
When should you apply?
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claireestelle
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(Original post by Lightning720)
Can someone help guide me through the important things to know about getting a student bank account? I am starting university in September.

I have a few questions already but if you have any other important information, feel free to post it.

Can you set one up online or does it have to be in-person?
Can you get rejected when you apply?
Which bank offers the best account?
When should you apply?
many banks would let you apply online, you can apply now, you would only really get rejected if there's something really not right on your credit history. It depends on whether you need a big overdraft but I don't think there's as many freebies with student accounts these days.
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username5243714
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(Original post by claireestelle)
many banks would let you apply online, you can apply now, you would only really get rejected if there's something really not right on your credit history. It depends on whether you need a big overdraft but I don't think there's as many freebies with student accounts these days.
Would it matter if there is nothing on my credit history (the only thing I've got is a debit account which I have never had an overdraft for - excuse me if I've used the wrong terminology or slightly misunderstand something, I'm not good with stuff like this).

After getting my student account, how easy is it to update SFE with this bank account rather than the one I already have?
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Blue_Cow
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(Original post by Lightning720)
Would it matter if there is nothing on my credit history (the only thing I've got is a debit account which I have never had an overdraft for - excuse me if I've used the wrong terminology or slightly misunderstand something, I'm not good with stuff like this).

After getting my student account, how easy is it to update SFE with this bank account rather than the one I already have?
It's fine. Banks don't expect you to have a lengthy credit history - as long as you've never committed fraud and therefore have a CIFAS marker, then you'll be accepted.

Yes, it's easy. You can do it online in seconds.

Student account best buys: https://www.savethestudent.org/money...-accounts.html

You can open one online, but they might as you to go into branch to provide some identification and proof of address. You should apply now once your firm is now unconditional i.e. you have a confirmed university place.
Last edited by Blue_Cow; 8 months ago
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claireestelle
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(Original post by Lightning720)
Would it matter if there is nothing on my credit history (the only thing I've got is a debit account which I have never had an overdraft for - excuse me if I've used the wrong terminology or slightly misunderstand something, I'm not good with stuff like this).

After getting my student account, how easy is it to update SFE with this bank account rather than the one I already have?
are you on the electoral roll? if so then hopefully shouldn't be a big issue. It's easy you change it on your sfe online account but you need to do it at least a week before you loan is due in.
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username5243714
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(Original post by claireestelle)
are you on the electoral roll? if so then hopefully shouldn't be a big issue. It's easy you change it on your sfe online account but you need to do it at least a week before you loan is due in.
Yep, I am 95% sure I am on that.

Thank you for your help. I think the loan is due on the 14th of September so it should be fine.
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username5243714
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Report Thread starter 7 months ago
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(Original post by AnneMarie10)
I think a few banks give out taster cards and discounted railway cards. Not sure which banks do this.
Tbf if you want freebies and free stuff from being a student then download Stunii they have loads of discounts and often do days where they give out free pizza and stuff like that in different cities
Santander has the railcard. Most banks when I looked didn't have any extras.
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