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Tednol
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#1
Report Thread starter 16 years ago
#1
Anyone who is business minded, have a think about this...

Open a student bank account, and a savings account, with every available bank and building society. I reckon there are at least 10 banks with student accounts, and hence interest free overdrafts.

Max out all 10 overdrafts, and you get £10000 interest free.

Place this money in the savings account associated with the relevent bank.

Say you can make 4% a year in an instant access savings account, that works out as £400 a year for minimal effort.

Easy!
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Juwel
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#2
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#2
As if degree-level work isn't going to be hard enough to deal with, we have to put up with 60-odd letters from banks and the like every month.
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Tednol
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(Original post by ZJuwelH)
As if degree-level work isn't going to be hard enough to deal with, we have to put up with 60-odd letters from banks and the like every month.
LOL granted, but once the accounts are open you will just be getting statements showing how you are making the easiest money of your life.
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Farter
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#4
An easy way to make money is by farting!
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Juwel
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#5
Easy money? Bookies. £1 bets on accumulators (or Coral's great new Fantasy 4-4-2), and one of them should win! I once won £218 with the Fantasy 4-4-2 (scant consolation for what happened when Arsenal came to OT) and won two more bets before that, so I've easily won more than I've lost.
I'm not saying waste away in front of the tellies puffing your **** shouting at the dogs and horses (god those people are losers, I was laughing to myself so much when I scooped my 2 ton!).
Accumulators gather very good odds so even betting an extra pound doubles your potential winnings, which can work out to be a lot! Just be sensible with the betting and the one you win more than cancels out those you lost beforehand.
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DanMushMan
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(Original post by ZJuwelH)
Easy money? Bookies. £1 bets on accumulators (or Coral's great new Fantasy 4-4-2), and one of them should win! I once won £218 with the Fantasy 4-4-2 (scant consolation for what happened when Arsenal came to OT) and won two more bets before that, so I've easily won more than I've lost.
I'm not saying waste away in front of the tellies puffing your **** shouting at the dogs and horses (god those people are losers, I was laughing to myself so much when I scooped my 2 ton!).
Accumulators gather very good odds so even betting an extra pound doubles your potential winnings, which can work out to be a lot! Just be sensible with the betting and the one you win more than cancels out those you lost beforehand.
online poker, paid $8/hr to play, and any winnings. Up ~$500 in 3 weeks. Dicked away $100 on Sunday when i was drunk. Stupid.
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Farter
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#7
Farting!!!
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Tednol
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William Hill in an excellent online betting shop. You can even gamble away your savings on a WAP phone. I like William Hill because they sent me a birthday present, it was a guide to playing poker and was totally free, unexpected, and useful!

I've had some setbacks, but overall I'm about £300 in credit since opening my account. I opened it for the 2001 FA Cup Final and made a nice little killing and haven't really looked back.
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cardking
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#9
Report 15 years ago
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One way many students (and others in the know) make some money is by taking advantage of the free bonuses at online casinos. Don't laugh - it's true.

Put simply, it works like this: there are hundreds of online casinos, all after your custom. To attract customers, they offer bonuses. For instance if you deposit £100, they will give you another £100 bonus, so you have £200 to play with. They hope you lose the lot and more, but you can outwit them and come away with most of the bonus and with your original deposit intact. There will usually be a minimum wagering requirement before you can withdraw any money out; by using blackjack for those wagers where the dealer's margin is only 1 or 2%, you should be able to keep 98% of the bonus.

It works; there are people making hundreds of ££s a month tax-free out of this. You can buy books on the subject or better still you can join a forum like Rpoints. There you will find details of hundreds of online casinos with comments and ratings from members, telling which are the best casinos to play and the best way to play them. Once you get to the Rpoints site, register and you will have access to the Casino Forum plus all the other money-making forums there - it's free to join and there's no spam.

You've got to be organised and disciplined to do this but it does work.
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chats
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(Original post by cardking)
One way many students (and others in the know) make some money is by taking advantage of the free bonuses at online casinos. Don't laugh - it's true.

Put simply, it works like this: there are hundreds of online casinos, all after your custom. To attract customers, they offer bonuses. For instance if you deposit £100, they will give you another £100 bonus, so you have £200 to play with. They hope you lose the lot and more, but you can outwit them and come away with most of the bonus and with your original deposit intact. There will usually be a minimum wagering requirement before you can withdraw any money out; by using blackjack for those wagers where the dealer's margin is only 1 or 2%, you should be able to keep 98% of the bonus.

It works; there are people making hundreds of ££s a month tax-free out of this. You can buy books on the subject or better still you can join a forum like Rpoints for free. There you will find details of hundreds of online casinos with comments and ratings from members, telling which are the best casinos to play and the best way to play them.

You've got to be organised and disciplined to do this but it does work.
thats what i have done, i got a £10 promotion card and i have made £200 from them so far.
they also have 'bonus days' when whatever you deposit you get double into your account.
it doesnt always work as some people will get addicted and end up losing
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Ziggy Stardust
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#11
I find Ebay is a great way of making money..

I work in a well-known surfing brand shop and we had an ace offer on sunglasses, so I bought eleven pairs at £13.50 each and sold them all on for £37.50

Hefty profit
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Drogue
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#12
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#12
(Original post by Tednol)
Anyone who is business minded, have a think about this...

Open a student bank account, and a savings account, with every available bank and building society. I reckon there are at least 10 banks with student accounts, and hence interest free overdrafts.

Max out all 10 overdrafts, and you get £10000 interest free.

Place this money in the savings account associated with the relevent bank.

Say you can make 4% a year in an instant access savings account, that works out as £400 a year for minimal effort.

Easy!
Sadly, most student accounts come with an agreement to only open one student account in their terms and conditions. Otherwise a good idea.

To anyone who doesn't want to take a student loan, the same applied. Take it, pay the ~2% interest, put it in a high interest bank account (I have a 4.69% one with nationwide) and pay it off at the end of the course.

Total loan taken out: £9000
Worth at the end of 3 years: £9871
Debt at the end of 3 years: £9365
Profit: £506

:cool:
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sanguiniusmmiv
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#13
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#13
Anyone who is business minded, have a think about this...

Open a student bank account, and a savings account, with every available bank and building society. I reckon there are at least 10 banks with student accounts, and hence interest free overdrafts.

Max out all 10 overdrafts, and you get £10000 interest free.

Place this money in the savings account associated with the relevent bank.

Say you can make 4% a year in an instant access savings account, that works out as £400 a year for minimal effort.

Easy!
I have a funny feeling that this is illegal!! Most of the banks will specify that you can only have a student account with them if you haven't got one with another bank. If you have another student bank account, and lie about it, then I believe you are committing the crime of "obtaining money by deception".

But the casino method is effective if you're disciplined enough not to blow it all!!
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Womble548
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#14
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#14
Things that can be done with a few figures:

Casino bonuses (there are even 'risk free' ones) - possible £500-£1000 per month
Credit cards (0% in savings accounts - can get over £100000 earning interest)
Betting (bonuses and arbitrage, more confusing) - make as much as you put in

Only problem, need to be 18+
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AT82
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#15
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#15
ok say I have a spare £100 to invest in my company fund what is the easiest way to make a lot of profit on this money which is low risk? I.e I am not going down betting shop to wage that Beckham will score a goal for united next year
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marabara
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#16
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(Original post by amazingtrade)
ok say I have a spare £100 to invest in my company fund what is the easiest way to make a lot of profit on this money which is low risk? I.e I am not going down betting shop to wage that Beckham will score a goal for united next year
you having a laugh?!

you're only going to get about £6 max from any low-risk strategy, and most savings accounts will give you £5

even going into shares, you'll have to pay dealing costs, and its only worth it if you have £500+
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AT82
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#17
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(Original post by marabara)
you having a laugh?!

you're only going to get about £6 max from any low-risk strategy, and most savings accounts will give you £5

even going into shares, you'll have to pay dealing costs, and its only worth it if you have £500+
But there must be somhing you can buy and sell? I did have a line of cables which I made £7 profit each from an initial investment of £1 each. I still have them but I can't sell them all yet.
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cardking
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#18
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#18
(Original post by Womble548)
Credit cards (0% in savings accounts - can get over £100000 earning interest)
That's quite do-able; you can read all about how to do this here: Plastic Profits
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crana
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#19
Report 15 years ago
#19
(Original post by Womble548)
Things that can be done with a few figures:

Casino bonuses (there are even 'risk free' ones) - possible £500-£1000 per month
Credit cards (0% in savings accounts - can get over £100000 earning interest)
Betting (bonuses and arbitrage, more confusing) - make as much as you put in

Only problem, need to be 18+
yes, you also have to have a rather nice credit score to get all those 0% cards.
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Chubb
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#20
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#20
Sorry but its technicaly illegal to have a student account that isn't being used as your main account (though its hard for them to notice - if they do you will be in trouble and black listed to boot though). A more legal approach though is to do this but with just one student account though you will not make anywhere near as much profit.
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