Do people have both a normal bank account and a student account?

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CCUupcake123
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#1
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I am just about to open a student bank account and it was asking me whether I want to switch to Santander does this mean that my hsbc (normal account) would no longer be my account

Basically should I close my hsbc bank account and just have a student one (transfer banks) what do student usually do?
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claireestelle
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(Original post by CCUupcake123)
I am just about to open a student bank account and it was asking me whether I want to switch to Santander does this mean that my hsbc (normal account) would no longer be my account

Basically should I close my hsbc bank account and just have a student one (transfer banks) what do student usually do?
it's up to you, would it be easier for you to budget if you can have two accounts?
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abbiesuzanne
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I opened a 123 student account with Santander because of the interest-free overdraft and the 16-25 railcard which lasts 4 years! Most of my friends switched to a student account too. It's up to you though Whatever suits you best
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Mayomikun123
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I have one to transfer my savings into and then I opened a student account with Santander for student loan and stuff. If you think you will be able to budget with one account then transferring to a student one should be fine. x
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CCUupcake123
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(Original post by claireestelle)
it's up to you, would it be easier for you to budget if you can have two accounts?
Thank you for your reply! I think I might be easier for me to budget in one
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hamza_f
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(Original post by abbiesuzanne)
I opened a 123 student account with Santander because of the interest-free overdraft and the 16-25 railcard which lasts 4 years! Most of my friends switched to a student account too. It's up to you though Whatever suits you best
Oh wow 4 yrs? How much is the rail card when you join Santander?
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CCUupcake123
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(Original post by abbiesuzanne)
I opened a 123 student account with Santander because of the interest-free overdraft and the 16-25 railcard which lasts 4 years! Most of my friends switched to a student account too. It's up to you though Whatever suits you best
Thank you for your reply! I think I might just use my normal bank account for budgeting and have my student account for the rest
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CCUupcake123
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(Original post by hamza_f)
Oh wow 4 yrs? How much is the rail card when you join Santander?
I’m pretty sure it’s free, correct me if I’m wrong tho
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CCUupcake123
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(Original post by Mayomikun123)
I have one to transfer my savings into and then I opened a student account with Santander for student loan and stuff. If you think you will be able to budget with one account then transferring to a student one should be fine. x
Thank you reply! I think I might do the same as you cos I feel like it’ll be easier
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CoffeeAndPolitics
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(Original post by CCUupcake123)
I am just about to open a student bank account and it was asking me whether I want to switch to Santander does this mean that my hsbc (normal account) would no longer be my account

Basically should I close my hsbc bank account and just have a student one (transfer banks) what do student usually do?
Hey, there.

When I opened my student bank account with Santander, I decided to keep my other current account (HSBC) because I felt it would be easier to manage finances that way but it's completely up to you as claireestelle rightly said.
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hamza_f
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(Original post by CCUupcake123)
I’m pretty sure it’s free, correct me if I’m wrong tho
Oh for real? So all I'd have to do is make a student account with Santander and I can save £30 per year on buying a rail card?
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ONatusch
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When I opened my student account, I began a new account with Nationwide and kept my savings account as well as my original current account. I very rarely use my old current account, but its useful for some stuff now and again. It really is just personal preference.
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artful_lounger
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I just had my normal bank account become my student account. When I was no longer a student, it went back to being my regular non-student account without the student account perks.
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abbiesuzanne
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(Original post by hamza_f)
Oh wow 4 yrs? How much is the rail card when you join Santander?
Can confirm it's completely free
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CCUupcake123
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(Original post by hamza_f)
Oh for real? So all I'd have to do is make a student account with Santander and I can save £30 per year on buying a rail card?
Yep pretty much and it’ll last 4 years, that’s why I’m gonna do it cos that’s pretty good deal!
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MidgetFever
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#16
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I've always had two - My current account and my student account, it's made it a lot easier to save money that way.
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Desideri
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I stayed with the same bank as I was with before, so they changed my normal current account into a student current account. I kept my normal savings account, and use that to help budget.

The advantage of having both accounts at the same bank is that I can transfer money between them instantly on the app, whereas there's sometimes a short delay when transferring money to friends/family at different banks.
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