Halifax Student Account 2009/10: We Want Your Feedback

Former_MSE_Dan · 11 August 2009 at 6:08PM

Hi folks,

In our newly published Student Accounts 2009/10 guide, Halifax Student Account is one of our new top picks.

It offers 0% overdrafts of 'up to £3,000' for every year of study, and we're after feedback from people who have applied this year about what overdraft limit you are given to start with, and also whether this was upped if you requested more.

Thanks for all help in advance

Dan

DarThom · 12 August 2009 at 9:45PM

Hi Dan,
I originally applied for this account in August 2008, i was given an overdraft of £500. I went in again recently as i had a letter from them saying my account 'deal' was about to end. Upon questioning this the subject came up about overdrafts and i was given a further limit of £1000. I was told if i wanted more i'd have to phone a special office and be cleared.

Petlamb · 13 August 2009 at 4:40PM

I went to apply today, and I am more than a little cross and disappointed - they DECLINED me outright...

Now, before it's said (and it'd be my first thought too if I read this post!) I do have a credit rating built up (I'm 21 not 18, and have had a credit card before, have a contract phone etc) and have never been late or missed a payment on anything. I have checked my credit reports with experian and equifax, and neither had anything negative on. $:\$

The woman who worked there simply said 'oh but you don't have history with us' (my last acc with them was a childhood one..)

Yours,
Grumpy, of Sunderland

CCFreya · 13 August 2009 at 5:50PM

Hi

I got this account because I read a similar article for the academic year 07/08, and have been pleased with it on the whole. I didnt get the full overdraft when I first got the account, I got £500 which was arranged to go up in a few months to £1000. After finishing my first year I went in to the bank and was declined the £3000 overdraft but the next day I rung up Halifax, asked for it and was given it. It is now up for review as they would only give me it for a year, but hoping I can get it again.

WelshSun · 13 August 2009 at 8:22PM

I applied and got one today. £500 overdraft, but the woman said it was possible to get the overdraft up to £1000 by end of year one and £2000 year 2 and so on. Overall an easy account to setup.

Seems like a good account and always top or closely rated in surveys, so Ill use them this year and loom around again Next year.

yeahyeahyeahs · 13 August 2009 at 11:11PM

when i first applied two years ago, i got an overdraft of £150, they then upped it by request to £1000.

By 2nd year, I got £1500.

btw, I was 20 when i started uni and i think my credit score is 877. i have had a regular savings account with them since i was 7 and have been putting money in it regularly ever since.

jennifernil · 14 August 2009 at 2:46AM

Our daughter has the Halifax student account. She was given an overdraft of £1250 in first year (2003), and has consistently been refused any more, despite paying in our contribution and her part time earnings every month.

Now she has PhD funding (and earnings) of over £1500 per month, they still refuse to increase it. Some months she has to travel abroad to conferences and, due to having to wait for the Uni to pay out expenses, we have to bankroll her.

lucie707 · 14 August 2009 at 7:29PM

i opened a student account with halifax in september 07 (id been banking with them for at least 6 years) and they gave me a £500 limit. i went in a week later and they agreed to up it to £1000. in 2008 after asking several times they finally agreed to up it to £1750 im now in my 3rd year and rang yesterday and they declined the £3000!!

MrsManda · 14 August 2009 at 9:32PM

I've had no problems with Halifax.
I got £1000 OD immediately. The person in the branch was a bit useless and was of the opinion that it was only possible to get £1k in the first year. I left it because I didn't need it then in March I wanted an increase. The branch refused me so I called customer services and got the full £3K.

mrjoet · 16 August 2009 at 11:12PM

Halifax rejected me, however I called them and asked why and they said that at this time of year new students do not yet have confirmation that they have a place at University.

They said to call back in a week and I should have better luck.

TDQO · 17 August 2009 at 1:11AM

I opened my account in 2006 and got 1000 immediately and upped that to 1500 in my 2nd year. However twice they have reduced the limit by either 500 or 250 with literally a few days notice. They even froze my account as they reduced it by 500 and as my next paycheck was 6wks away they froze it but then added over 200 quids worth of charges!! It took me 6 months to pay off all the charges and I had to borrow money from friends and family to cover them.

Hopefully when I get back in september they will up it to at least 2000.

Halifax Student Account 2009/10: We Want Your Feedback

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