HSBC Student Account

[Deleted User]

I have applied for the HSBC student account, and an MP4 player should be on the way, would I be breaking any terms by chnaging my account to the Halifax Bank account (£2750 overdraft).

Thank you

Descartes

Yes, but I don't think they care.

littlemissmay

that seems like a very large overdraft! are you sure that the overdraft is so much as it seems a little unrealistic! and if it is right, then surely this cant all be intere st-free?

techno_geek

Halifax don't guarantee an overdraft that big (see other threads on the subject...)

The most you'll probably get as a new customer is £1000, and then you'll have to work up to asking for an increase -- i.e. use the account properly as your main account, have direct debits coming out of it, and fund it regularly as well as pay your student loan in there -- otherwise Halifax won't give you an increase if they see you're playing the system.

It's annoying, I know - I had planned to do something similar but it's not worth the hassle...