Student Advice Network - Student Finance, Student Employment, Student Accommodation and more

Student Bank Accounts

Below you will find a quick run down of the major bank accounts avaliable to us as students. Included are some of the benefits that they offer with clickable links direct to their websites.

Click on the bank names to go straight to the corresponding sites.

Alliance & Leicester

The main account to look at here is the Premier 21 Account. The benefits include:

5.00% AER
£2000 overdraft
Internet and phone banking
Could win a day with some celebrities

Lloyds TSB

The main bank account to look at here is the Student Account. The benefits include:

£1500+ overdraft
Free NUS Card
35 free music downloads
Save £75.99 on AA breakdown cover
Internet and phone banking

HSBC

The main account to look at here is the Student Account. The benefits include:

£2000 overdraft
Internet and mobile banking
Free 2 years worldwide travel insurance

Halifax

The main account to look at here is the Student Current Account. The benefits include:

£3000 overdraft
25% discount of AA breakdown cover
Commission free currency exchange
Internet and phone banking

Natwest

The main account to look at here is the Student Current Account. The benefits include:

£1250 overdraft
Credit card with £500 limit
Internet and phone banking

Abbey National

The main account to look at here is the Student Account. The benefits include:

£2000 overdraft
£50 Free cash when signed up
2% AER
Internet and phone banking

The list of bank accounts that is listed above is by no means comprehensive. It would not hurt to shop around a bit and compare what is on offer. Sometimes you might find it beneficial to sign up to one of these before you go to University just before the end of your a-levels, that way it is all ready for your student loan to go into.

Useful Tip

It is always helpful to have money in your bank account in order to make use of it. By all means spend but be careful. Try to draw up a rough budget at the beginning of each academic year (ie: September to September)