Can you open 2 student accounts?

FussyPants01

Hi,

Santander are my chosen bank account because of the overdraft facility and the student discount railcard BUT Halifax are offering £100 if you deposit £500 until November. Can I open both and close the Halifax one after I get the £100? I have read the Ts and Cs and there's doesn't seem to be anything preventing that. The £500 would be money from my savings. Thanks!

silvercar

If there is nothing preventing you doing so, then I don't see why not. Many years ago, banks used to insist that student accounts were fed from student grants/ loans. Now that not everyone takes the loans, I'm guessing they can't be so stringent. They will possibly want to know how it is being funded.

FussyPants01

Thanks!
It doesn’t ask for monthly funding, and I don’t think they can ask for grant as not everyone gets one.