The Student Room Group

Student Bank Benefits

I know its still a little early to apply im just thinking about my options beforehand. I want to apply to a different bank to the one i have now so that the uni can take rent out of one and i can freely spend the other, and i want to open an account on a different bank. Has anyone that is in uni right now opened an account with either HSBC, Natwest or Lloyds bank?

If you have can you reply down below and tell me if the bank is worth it or not depending on the benefits? I'm stuck between HSBC and Natwest right now in terms of benefits and accounts so.
Original post
by speakableioy
I know its still a little early to apply im just thinking about my options beforehand. I want to apply to a different bank to the one i have now so that the uni can take rent out of one and i can freely spend the other, and i want to open an account on a different bank. Has anyone that is in uni right now opened an account with either HSBC, Natwest or Lloyds bank?

If you have can you reply down below and tell me if the bank is worth it or not depending on the benefits? I'm stuck between HSBC and Natwest right now in terms of benefits and accounts so.


What about the benefits are you stuck on? :smile:

Reply 2

Original post
by mesub
What about the benefits are you stuck on? :smile:
Well, both banks offer interest-free overdrafts, with HSBC offering a £1,000 for the first year which could rise to 3,000 by year 3, and Natwest offering one of up to 2,000 from year one but a £500 limit in term one, year one.

Other natwest benefits include:

A "tastecard" which "is a discount card which offers you 2 for 1 on meals, 50% off food or 25% of food and drinks at thousands of restaurants or pizza takeaways UK wide."

A coffee club which lets you to "get access to 25% off barista-made drinks at thousands of coffee shops across the UK, including Caffè Nero, Black Sheep Coffee, Cinnabon as well as 100s of independent coffee shops.

For HSBC benefits:

HSBC lets you "Start saving from just £25 a month with our Regular Saver. Save between £25 and £250 a month for a fixed 12-month term."

They also have a some tools that help me manage my money by phone and i can also bank online.



Now that i think about it natwest does sound better 😭
Original post
by speakableioy
Well, both banks offer interest-free overdrafts, with HSBC offering a £1,000 for the first year which could rise to 3,000 by year 3, and Natwest offering one of up to 2,000 from year one but a £500 limit in term one, year one.
Other natwest benefits include:

A "tastecard" which "is a discount card which offers you 2 for 1 on meals, 50% off food or 25% of food and drinks at thousands of restaurants or pizza takeaways UK wide."

A coffee club which lets you to "get access to 25% off barista-made drinks at thousands of coffee shops across the UK, including Caffè Nero, Black Sheep Coffee, Cinnabon as well as 100s of independent coffee shops.

For HSBC benefits:

HSBC lets you "Start saving from just £25 a month with our Regular Saver. Save between £25 and £250 a month for a fixed 12-month term."

They also have a some tools that help me manage my money by phone and i can also bank online.


Now that i think about it natwest does sound better 😭


If you're leaning towards NatWest, then go for that.

Reply 4

Just bear in mind that what's on offer might change between now and when you go to university -- so what would be best for you now might not be the best in September.

Regarding HSBC, I believe they have a history of offering more perks around the start of the academic year, but on a time-limited basis. For example, they offered £125 cash (subject to conditions) for accounts opened between 15/8/2024 and 30/9/2024 [source]. I can't see anything to indicate that they did that this year, though.

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