Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • thriftymama4
    • By thriftymama4 15th Jul 17, 9:51 AM
    • 3Posts
    • 0Thanks
    thriftymama4
    Help daughter get graduate account
    • #1
    • 15th Jul 17, 9:51 AM
    Help daughter get graduate account 15th Jul 17 at 9:51 AM
    Please can anyone advise what is best way for me to help my daughter switch from her student current account to a graduate current account? She is with Santander who seem to have the best graduate account too (0%free for 2 years, £2000 overdraft) however they say can not switch her until her student overdraft is paid off.

    Any ideas about best way to proceed, thanks?
Page 1
    • xylophone
    • By xylophone 15th Jul 17, 11:19 AM
    • 22,881 Posts
    • 13,241 Thanks
    xylophone
    • #2
    • 15th Jul 17, 11:19 AM
    • #2
    • 15th Jul 17, 11:19 AM
    If possible, lend her the money to pay off the overdraft - she can then repay you?
    • Dobbibill
    • By Dobbibill 15th Jul 17, 11:36 AM
    • 2,288 Posts
    • 3,415 Thanks
    Dobbibill
    • #3
    • 15th Jul 17, 11:36 AM
    • #3
    • 15th Jul 17, 11:36 AM
    will her Santander Student account not automatically become a Graduate account?

    Taken from http://www.santander.co.uk/csdlvlr/BlobServer?blobtable=MungoBlobs&blobkey=id&blobcol =urldata&blobheader=application%2Fpdf&blobheaderva lue1=inline%3Bfilename%3DStudent+Key+Facts+Documen t-do-ec-188.pdf&blobwhere=1314023318935&blobheadername1=Co ntent-Disposition

    When you complete your course you’ll no longer be eligible for this current account. At this time, these Specific Conditions will cease to
    apply to your current account and unless we agree with you before the end of your course that you can have a different facility with us,
    your 1I2I3 Student Current Account will automatically be transferred to the 1I2I3 Graduate Current Account and the Specific Conditions for
    the 1I2I3 Graduate Current Account will apply. We’ll give you at least two months’ notice of the date of the change or, if applicable, closure
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • thriftymama4
    • By thriftymama4 15th Jul 17, 12:04 PM
    • 3 Posts
    • 0 Thanks
    thriftymama4
    • #4
    • 15th Jul 17, 12:04 PM
    • #4
    • 15th Jul 17, 12:04 PM
    My daughter has been told by Santander that the account will not automatically change over because she is £1000 in to her overdraft.
    • jonesMUFCforever
    • By jonesMUFCforever 15th Jul 17, 1:28 PM
    • 23,985 Posts
    • 11,297 Thanks
    jonesMUFCforever
    • #5
    • 15th Jul 17, 1:28 PM
    • #5
    • 15th Jul 17, 1:28 PM
    Switch the account to another provider.
    What goes around - comes around
    give lots and you will always receive lots
    • Kim_13
    • By Kim_13 15th Jul 17, 2:08 PM
    • 1,239 Posts
    • 1,631 Thanks
    Kim_13
    • #6
    • 15th Jul 17, 2:08 PM
    • #6
    • 15th Jul 17, 2:08 PM
    My daughter has been told by Santander that the account will not automatically change over because she is £1000 in to her overdraft.
    Originally posted by thriftymama4
    Unfortunately the bank staff don't always get it right. Graduate accounts exist to give students a grace period to pay back what they owe, as far as I'm aware.

    Is there any disadvantage to your daughter of simply waiting to see if the account is converted, as the posted information suggests? If they were going to start charging interest for instance, they should send her notification of this.

    It may be worth speaking to someone else at Santander to clarify (perhaps by email so that it is in writing.)
    Sealed Pot 10 #520 ~ ~£66.55/£100
    VSP 2017 #9 ~ £41.40/£250.00
    CCCC 2017 #1 ~ £179.71/£120.00
    EF #170 ~ £500
    Xmas 2017 #25 ~ £5/£365
    365 Day Penny Challenge #4 ~ £17.31/£667.95
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

380Posts Today

3,631Users online

Martin's Twitter
  • RT @thismorning: 'Sometimes the best gift is releasing somebody else from the obligation of having to give to you' says @MartinSLewis. Do y?

  • Shana tova umetuka - a sweet Jewish New Year to all celebrating. I won't be online the rest of t'week, as I take the time to be with family

  • Dear Steve. Please note doing a poll to ask people's opinion does not in itself imply an opinion! https://t.co/UGvWlMURxy

  • Follow Martin