when does a student bank account stop being a student bank account???

Estavez_2

No problem :beer:

bluseychris

katmad99 wrote: »

Hi, i'm sorry if this had been discussed elsewhere, i have searched but not found what i am looking for.

I am a third (final) year student and am well into my interest free overdraft with my HSBC student account. I am interested in finding the best graduate account after my final year.

I am worried as i do not know, and cannot find out (on thier website at least) what HSBC consider the 'end of' my final year?? Basically i am scared that suddenly my bank account will stop being a student bank account and that i will be hit with a large interest rate on my overdraft.

I would just like to know when banks consider your final year to be 'over' and so i know when to pay my overdraft off and look into graduate accounts. Looking on the websites all i can see is vague phrases like "after your third year", which dont specify exactly when i should sort myself (and my money!) out!

Would it be after graduation?? or at the beginning of september when a new university year begins and i am no longer a student?? or exactly three years after i opened the account???

Please help. I am not normally this clueless about money but this has stumped me as i can find no specific guidelines.
Thanks in advance for any advice.
Kat

If it's anything like mine (I'm with Abbey) They'll change it to a graduate account when you tell them (i didn't for 4 years) and they'll wait for you to pay it of with no interest. I dropped out and all, didn't tell them either.

merlinormartin

It was convered to a graduate account end of 2006, and the overdraft lasts for another 3 years interest free. It gets "smaller" ever year tho - £2000 yr 1, £1500 y2, £500 yr 3.

My student account also converted to a graduate account ..similar system decreasing each year .. am with Natwest .... who also have "graduate" mortgages with special rates .. for anyone whos interested.