Student bank account during 'year out'

Comstock

I have a Student current account with the co-op, which I've had for 18 months. I've managed it well, and I have an overdraft entitlement of £1400. I think the most I've been overdrawn is £500 though.



I'm taking a 'year out' this year and working. I'm currently £250 overdrawn. Do I lose my overdraft entitlement for the duration of a year out, and revert to a current account, or can I keep it? ( I don't want to go £1400 overdrawn, but some overdraft would be useful, at least until Xmas)

Do I have to reapply for a student account next September, or do I just keep the account as it is?

Are they likely to take my overdraft facility off me the second I tell them I'm taking a year out (not done so yet)

In short, how do I best play this?

atypical

You'll need to tell Co-op that you're having a year out else, if your degree is normally three years, they'll change your account after three years assuming you will have finished your course.

If you're working for the year I don't imagine they'd have any qualms with you keeping your overdraft. Give them a call and ask.

Comstock

atypical wrote: »

You'll need to tell Co-op that you're having a year out else, if your degree is normally three years, they'll change your account after three years assuming you will have finished your course.

Sure. I've every intention of telling them. Officially I don't start my 'year out' until tomorrow......it was a late decision for various personal reasons.....