Can i get an overdraft while on JSA?

JuicyJesus

jonesMUFCforever wrote: »

I would suggest yes.

I would suggest not. There is no central degree granting authority in the United Kingdom. If you wish to open a University of jonesMUFCforever and issue degrees in Picking Your A*se or whatever then there is nothing to stop you besides possibly running out of printing ink and paper. You won't get a student account with it, mind you.

I would also suggest that banks being able to search a UCAS database is simply not true, given the requirement for potential student customers of most banks to provide documentary evidence of their course. I have also never heard of any bank doing this, nor have I ever heard of UCAS ever offering such a facility, both of which would have to be disclosed under the Data Protection Act.

jonesMUFCforever

JuicyJesus wrote: »

I would suggest not. There is no central degree granting authority in the United Kingdom. If you wish to open a University of jonesMUFCforever and issue degrees in Picking Your A*se or whatever then there is nothing to stop you besides possibly running out of printing ink and paper. You won't get a student account with it, mind you.

I would also suggest that banks being able to search a UCAS database is simply not true, given the requirement for potential student customers of most banks to provide documentary evidence of their course. I have also never heard of any bank doing this, nor have I ever heard of UCAS ever offering such a facility, both of which would have to be disclosed under the Data Protection Act.

I suggest you are wrong - I have seen people come in with letters stating that the bank has been unable to confirm with UCAS their course - and if they want to upgrade their youth account to student they have to come in with their UCAS confirmation letters.

JuicyJesus

jonesMUFCforever wrote: »

I suggest you are wrong - I have seen people come in with letters stating that the bank has been unable to confirm with UCAS their course - and if they want to upgrade their youth account to student they have to come in with their UCAS confirmation letters.

Which could also be because they had brought in UCAS letters, the bank has telephoned them for confirmation and UCAS have not been able to provide it.

Lith

kizzie_nikita,

You can if you have a second bank account (i've done it years ago been there done that)

mulronie

opinions4u wrote: »

Is a central record held anywhere on who gets a degree?

No.

jonesMUFCforever wrote:

I suggest you are wrong - I have seen people come in with letters stating that the bank has been unable to confirm with UCAS their course - and if they want to upgrade their youth account to student they have to come in with their UCAS confirmation letters.

Even if that were true (which I doubt), UCAS exist for admissions only. Once you have started at university, you will never hear from UCAS again.

The details of my degree are between myself and the university I attended. Any central database that commercial organisations could access at their leisure to look into my education history would violate my Data Protection Act rights.

To the OP: Check out http://www.halifax.co.uk/bankaccounts/pdf/student-current-account-guide.pdf

"A Student Current Account gives you an interest-free overdraft of up to £3,000 (0% EAR variable), which you could keep for up to six years – that’s the length of your course plus one year after you graduate."

So give them a call and see if you can benefit from that - hopefully you can sort your finances out in that time and get your overdraft paid off

kizzie_nikita

Lith wrote: »

kizzie_nikita,

You can if you have a second bank account (i've done it years ago been there done that)

So i'd have to set up a second bank account (regular current account?) and then i'd be able to?

I've also checked and Halifax don't do a graduate account anyway

jonesMUFCforever

It also states that if you stop qualifying for the student account the free interest overdraft will not apply.
(page 25)

kizzie_nikita

mulronie wrote: »

No.


To the OP: Check out http://www.halifax.co.uk/bankaccounts/pdf/student-current-account-guide.pdf

"A Student Current Account gives you an interest-free overdraft of up to £3,000 (0% EAR variable), which you could keep for up to six years – that’s the length of your course plus one year after you graduate."

So give them a call and see if you can benefit from that - hopefully you can sort your finances out in that time and get your overdraft paid off

I've had my student account nearly 3 years so 2 year course + one year after course, but i honestly didn't realise it had been 3 years!

Wondering if it would be possible to change from Halifax student account to NatWest graduate? Don't think so, but you never know.

I'm not that far from being £0 on my bank account, but there's times i will need to dip into the overdraft until i'm completely on my feet and can't afford being charged for it

opinions4u

If you are currently unemployed, my guess is that Nat West will not offer you any account with an overdraft facility.

lolavix

Maybe depends on the branch, but every one I worked in we asked to see proof of graduation, unfortunately being on JSA will not help, although they may give you an interest free buffer of say £100