How to open a student bank account when studying at Open University? 26 September 2017 at 5:05PM in Student MoneySaving 6 replies 10.1K views

Damagedcar

I am studying at the open university fulltime and wonder if any bank account will accept me for a student bank account?

[Deleted User]

Damagedcar wrote: »

I am studying at the open university fulltime and wonder if any bank account will accept me for a student bank account?

Highly unlikely because a condition of student bank accounts is that you pay in your student loans. Which as a part time OU student you won’t have.

Dobbibill

Quite possibly - some of the criteria is...

You can apply if:

you're aged 17 or over
You’re studying full-time on a course of at least two years’ duration, or a one-year full-time access course leading to a degree
You've been a resident in the UK for at least three years

When can you apply for a student account?

As soon as you have a place confirmed, you can apply.
If you’re already a student, you can still apply for a student account.

Not all Student accounts require you to pay in your student loan. Some state that the overdraft feature will only be considered if you pay in a regular amount. This could be from another bank, savings, earnings etc.

Have a look at the different providers and see which ones you meet the criteria for

http://www.moneysavingexpert.com/students/Student-bank-account

[Deleted User]

The criteria you’ve quoted states full time course. OU is classed as part time.

sheramber

Santander only require you to be an undergraduate, no mention of full time so may be worth asking.

Kayalana99

It highly depends on the bank, some have become more flexible with OU study. I looked into Santander the other year I *think* you need to pay £x amount in for that one and it can't be from another S account.

I do know some people who have got one though, plus whilst for student finance reasons you class as 'part-time' you can even get council tax reduction for being a 'full-time' student.

gregoryneill

this is was precise information. i will surely refer one of my friends who was asking for such information here.