If I change my student bank account would it affect student finance?

Watch
Anonymous_234129
Badges: 5
Rep:
?
#1
Report Thread starter 6 months ago
#1
Hi
I want to change my student bank account to something else
However, do you need a student account?
Also, would it affect the tuition fee loan that is given to the uni and would it affect other things?
Thank you
0
reply
ReadingMum
Badges: 18
Rep:
?
#2
Report 6 months ago
#2
Tuition fee is unaffected as it is paid directly to the university.
You don't need a student account- just an account in your name. There are just some handy extras with student accounts which encourage you to open one.
0
reply
Anonymous_234129
Badges: 5
Rep:
?
#3
Report Thread starter 6 months ago
#3
(Original post by ReadingMum)
Tuition fee is unaffected as it is paid directly to the university.
You don't need a student account- just an account in your name. There are just some handy extras with student accounts which encourage you to open one.
Thank you for responding
when you mean by a account in your name do you mean by any bank account whether that is the spend and save account or the student account?
And also is this only needed for the maintenance loan or also required for the tuiton fee loan?
0
reply
ReadingMum
Badges: 18
Rep:
?
#4
Report 6 months ago
#4
You need a bank account which can receive incoming maintenance loan payments from the loan provider- an account which has a sort code and account number. The tuition fee is irrelevant as it is not paid to you - it is paid directly to the university
0
reply
ReadingMum
Badges: 18
Rep:
?
#5
Report 6 months ago
#5
Why not keep the student account and also get whatever account you are now interested in as well- you can have more than one.
0
reply
Anonymous_234129
Badges: 5
Rep:
?
#6
Report Thread starter 6 months ago
#6
(Original post by ReadingMum)
Why not keep the student account and also get whatever account you are now interested in as well- you can have more than one.
Nah I don't want the student account
Thanks for the help have a nice day
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

Who is winning Euro 2020

France (94)
27.09%
England (114)
32.85%
Belgium (28)
8.07%
Germany (39)
11.24%
Spain (8)
2.31%
Italy (33)
9.51%
Netherlands (11)
3.17%
Other (Tell us who) (20)
5.76%

Watched Threads

View All