Wtf do I need to know about Student Bank Accounts?

Wondering where you need to begin with student bank accounts? This guide will help you with everything you need to know.

Don’t be blinded by the freebies

Most student accounts now offer an opening incentive for you. These include things such as free railcards, vouchers and more. Although these are a great treat, it shouldn’t be the reason you choose a bank account. Take a look at all of the options available to you before deciding.

Always consider the best 0% overdraft offer

Take a look at all of the available accounts, and the overdrafts they offer. Don’t forget to bear in mind that some banks offer overdrafts that are “up to” a certain amount, and some offer the same amount to everyone. 0% overdrafts are a great way of keeping yourself above board, but shouldn’t be used as an extension of your disposable income.

If you’re not happy, switch!

It’s a great idea to evaluate if you’re happy with your bank before every academic year. It’s not too difficult to switch, and you never know how your requirements from a bank account may change.

What you’ll need to open your account

When you book an appointment to open your student bank account, don’t forget to bring ID (driving licence or passport), your student finance assessment form, a letter with a proof of address and your university offer letter.

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