Advantages Biggest overdraft, branches are plentiful, great service
Disadvantages Can't think of any!
I'm a student and chose the Bank of Scotland mainly because they offered the largest interest free overdraft - In my first year I didn't need this, but I'm thankful that I took it as its proved very handy this year (2nd year)I originally wanted to go with Lloyds - but they said I couldn't bank with them because no member of my family banked with them (great business model) - I hope they go bust now. But them I'm glad they did, because I got to go with Bank of Scotland!
Online banking is a breeze - I have two credit cards with the Bank of Scotland, and everything it managed from the one portal. It's secure, easy to use and doesn't require you to write down your password and pick the 7th, 11th and 12th letters from it just to log in.Telephone banking is also relatively easy - with a trusting scottish accent on the automated system you come out of the ordeal slightly happier than you were before - quite impressive for telephone banking I must say!
Branches are plentiful (especially in Scotland), there are more branches of the Bank of Scotland in small towns than any other bank (in my experience) - Its the only bank on my University Campus (the University of Aberdeen),I wish I could say the adverts were good - but really I can't. They are irritating and degrading to its existing customers - not a reason to not go with them... but needs mentioned I feel.
Interest Rates - nothing special here, I get 2.5% on my Student Current Account. Recently I saw an advert for 6.3% on desposits over £100,000 - not exactly applicable to me..but maybe it is to you.Overdrafts (Students) - Here are the overdrafts for the main banks, with any worthwile gifts
Bank of Scotland: £3000
Natwest: £1000-£2000 (free railcard)
Royal Bank of Scotland: £2500 (25% off concert tickets)
HSBC: £2000 (£15 UCAS fee paid for you)
Lloyds TSB: £1500 - £2000 (free mobile phone insurance and £75 cash)
|Efficiency of service|
|Competitiveness of charges/rates|
|Promptness of service||Excellent|
|Online - Content/organization of site||Good|
|Online - Reliability/speed of site||Excellent|
|Online - Ease of applying for products||Average|
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