best student account

ms2005

Hi there

every year freshers seem to worry about this, and quite right to, i did but i will give you some advice.

IT DOES NOT MATTER, what ever account you get they are all the same it's neither here nor there where the money sits, especially considering most students never have any anyway.

Regarding sticking your overdraft in an ISA if you do then good luck to you, nearly every person i know said they would do that when they arrived but not one has, even those who live of hand outs, to be a typical student you need every penny you can get so tieing it up in ISA's etc just does not happen, unless of course mummy and daddy can fund you magnificantly by which i mean 1000+ a month

So just get the account which gives you the best promotion, if your not in a hurry most banks will be at your freshers fair with one off even better promotions than they will ever give you if you walk in and say hi im a student.

My experience is that most banks dont treat you any different now than later, your just another customer, sure they want your business as most people stick with their bank their whole life but right now the least of your worries going to uni should be which account.

If you have money, great stick it in an account, but it wont last long so fretting over who will give you the best interest, customer servcice etc is pointless. If you mean in terms of if you run out and want more who has best service then its potluck, HSBC are the only bank i have known that wil increase a maxed student overdraft.

Standard is as so. 1st year - £1000, 2nd £1250 3rd £1500, most 4 year course stick at £1500, so i would never expect any bank to ever give you more than 1750 but do you really want 1750 overdraft.

Sorry i cant pick a bank for you but it real really does not matter so long as it is a specific student account you pretty much get the same anywhere

mcbadger

Although you're supposed to have just the one student account (into which your "main or significant income" or whatever must go), is there anything wrong with opening two (or more, I guess)?

I opened a student account with HSBC (by general consensus at my uni the best student bank) for their railcard offer last year, and then another with Natwest who gave me £55 and then a further £35 when they cocked up and lost my initial deposit cheque. I used the HSBC account as a real student account and just moved money in and out of the other to satisfy minimum cashflow etc - £90 (as it turned out to make me) was more than I could have got by just abusing my overdraft, especially as I spent most of the overdraft anyway!

Would thoroughly recomend HSBC never had a problem with them. :T