Student Bank Accounts

All high street banks offer Student Accounts and most include incentives such as cash, gifts, money off vouchers or free overdrafts to attract new customers.

A number of banks have branches on campus and most include a free student advisory service to help young people learn to manage their money.

Most Student Accounts WILL come with:

  • Debit card
  • Credit card or option to apply for one
  • Cheque book
  • Direct debit and standing order facility
  • Overdraft
  • Interest paid on money in the account, usually at a low rate
  • Phone and/or internet banking
  • Gifts or other incentives for opening the account
  • Student advisers
  • On-campus branches

Most Student Bank Accounts will NOT come with:

  • High rate of interest on money in the account

You can use most Student Bank Accounts to:

  • Have wages, benefits, State pension and tax credits paid directly into the account
  • Pay in cash
  • Pay in cheques
  • Pay your bills by direct debit or standing order
  • Withdraw money from cash machines
  • Withdraw money from your bank or building society branches
  • Withdraw money from the Post Office®
  • Withdraw money from some shops

See the links above for more detailed information on the variety of bank accounts available and see our bank directory to find out what types of accounts your local bank offers.

Always be sure you fully understand what is and is not included, the costs, restrictions and exactly who is offering it before signing up for a bank account or any financial product. For more information see the Financial Services Authority Consumer Information website

None of the information contained in this website constitutes, nor should be construed as Financial Advice.

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