More than one graduate account

jd87

I've already got a NatWest Graduate account and a Smile Student/Graduate account.

Is there another graduate account (with interest free o/d) that I can have? I don't mind having to move money around each month to meet funding requirements, etc.

I've been looking at the lloyds one but the article is a bit confusing: "Can you open another graduate account: Yes" but then it says you need to transfer your account to them if you don't already bank with them. A contradiction surely?

atypical

jd87 wrote: »

I've been looking at the lloyds one but the article is a bit confusing: "Can you open another graduate account: Yes" but then it says you need to transfer your account to them if you don't already bank with them. A contradiction surely?

It's not a contradiction. There's nothing in their T&Cs which says it should be your only graduate/main account. So if you do open one, you're free to open another one with a different bank (but looking at the table, all the other banks say it must be your only graduate account). But a separate requirement is that they want you to transfer an account over to them.

If you don't want to transfer you can get around it by opening a normal current account (or even savings account, it's not clear what they consider a "Lloyds TSB customer") with Lloyds then changing it to the student one. Or open a current account with a different bank and transfer it to Lloyds, but this is more long winded.

I would phone them first to see how strict they are on it and to find out what they consider a Lloyds TSB customer.

jd87

I already have a Barclays current account that I never use, maybe that could be the account I transfer?

Beccci

jd87 wrote: »

I've already got a NatWest Graduate account and a Smile Student/Graduate account.

Is there another graduate account (with interest free o/d) that I can have? I don't mind having to move money around each month to meet funding requirements, etc.

I've been looking at the lloyds one but the article is a bit confusing: "Can you open another graduate account: Yes" but then it says you need to transfer your account to them if you don't already bank with them. A contradiction surely?

Hey,

I am with Lloyds for my student account and main account and I find that their student accounts are really good but they REALLY don't like you having accounts anywhere else and they also can't change a current account into a student account which tbh is just stupid, their systems don't let them do it or something along those lines

melancholly

i know this isn't your question, but it might be worth looking at all your incomings/outgoings - opening lots of accounts to use the overdraft isn't a great long term solution....

Mankysteve

The question is should you building up large amount of debt that wont be able to pay off when then start charging interest/demanding the money back.