Help with Opening student account!

fallon2011

Hi im Liam,

21 years old classed as mature student. I'm doing an access course this year and when i have completed this will definately be going to university, what i want to know is can i open a student account now with a bank which has an overdraft facility available to me?

Thanks for reading and i hope you can help.

Liam

Catbag

Nooo, i don't think so. If you want a student account you need to be able to present the bank with a UCAS letter confirming your place at university or the notification from Student Finance.

However, you could open an account with a bank of your choice and then apply to upgrade it to a student account when you are confirmed at uni?

ThinkingOfLinking

Catbag: Natwest don't accept the SFE notifications; it HAS to be the UCAS letter. Not sure if it's the same for other banks though...

wilf55

what is a good student account for those with bad credit my dd is 22 and has a ucas letter and student finance letter etc but has bad credit she isnt terribly fussed about an overdraft but would want a bank account

ideas anyone

many thanks

KatieShopstoomuch

I got a student account last year when i was doing my access course although it was with Ulster Bank (NI) on our induction week they were there trying to get everybody to open a student account, I got an overdraft of £400 (what I asked for) . I'm starting uni next month and have kept the same account and am waiting to see if they'll increase my overdraft - unlikely though my credit rating is awful! *shame*

wilf55

my dd's credit rating is awful too, she probably would love an overdraft but has pledged to be sensible and not ask for one !!

she just needs to get organised as she starts doing teacher training on 20.9.2010

MrsManda

wilf55 wrote: »

my dd's credit rating is awful too, she probably would love an overdraft but has pledged to be sensible and not ask for one !!
she just needs to get organised as she starts doing teacher training on 20.9.2010

If her credit rating is awful but she thinks she can now be trusted to not spend more than she has it may be worth having a small overdraft if it's offered to her so she can start to rebuild her credit rating.

wilf55

MrsManda wrote: »

If her credit rating is awful but she thinks she can now be trusted to not spend more than she has it may be worth having a small overdraft if it's offered to her so she can start to rebuild her credit rating.

good idea i hadnt though of it like that

any ideas which would be a good bank to approach?

fallon2011

Thanks for your answers everyone, Although i have just looked and co-op bank do accept college students for a student account. if anyone knows any more information please do reply

ThinkingOfLinking

Fallon, I am a college student and I have a Natwest account. I'd recommend this bank for several reasons.

1. Free railcard. This can be used even on local overhead trains in the big cities, eg Glasgow, Liverpool, Manchester, London.
2. Online banking is really safe and easy to use.
3. Great telephone access.
4. Branches are everywhere.
5. Generous overdraft limit.
6. I don't see Natwest Bank collapsing under the recession; it's a safe, trustworthy place.

atypical

Flickering_Ember wrote: »

6. I don't see Natwest Bank collapsing under the recession; it's a safe, trustworthy place.

They would have if it weren't for your, and everyone else's in the UK, £617. HM Treasury injected £37bn in 2008.