Member Advice on Student bank accounts

“Open a bank account” was an item on the suggested list of things to do during your first week of university provided by my uni. Now at first I though this was a little silly, since everyone I knew had had accounts since they were babies, but then I realised that they meant a student account rather than a normal current one. You need an account in order to receive a student loan, and to store any other earnings in a safe place, but with 5 major high street banks offering these accounts : HSBC, Natwest, Royal Bank of Scotland, Lloyds TSB and Barclays, plus many other less prolific ... more

Banks rely on intransigence for making their money. They are not out to offer you the best service they can, but to make as much as they can out of you. That is not to say that many don't offer very good service, but you should always be careful to shop around and read the small print. Why intransigence? Because once you have an account with one bank, they reckon that the hassle of moving to another bank will very likely put you off doing so. This means that they will do anything to sign you up but once you are a customer their attitude may be slightly different. All of these are general ... more

I am going to give you some information regarding how to choose the right student bank account for you. I will also give you information regarding how to use it effectively and how to manage your money in general regarding banking and interest rates while you are a student. 1) Get a student account with a good overdraft facility. There are plenty of student bank accounts out there so shop around to get the best deal. Apply for one within the first month or so of joining Uni as they tend to do special offers, which do not carry on all year round. For example I got a HSBC Student Account and the ... more

I Set out this morning to look for leaflets on bank accounts for my daughter. Opening a bank account should be an easy thing to do but I set out to do just that but I find out it isn't as easy as it seems. The account I am trying to sort is for my sixteen year old daughter she is joining the sixth form at school and wants a current account with a cash card here's some of my findings.. Lloyds TSB They are offering a family or friend referral scheme where each of you get awarded £50 they say… YOU FIRST You've made the right choice by opening a Lloyd's tsb current account. So why not recommend us ... more

i have belonged to lloyds bank, now renamed lloydstsb for 25 years. in the early years (first 15) this bank was similar to all the others, however, it now offers a superb facility for a student. Upon graduating this bank offers many rewards for staying with them. i.e.extended overdraft facilities for 3 years, also a loan with no interest. i have looked at many other banks since graduating and have not found any other which offers as much as lloydstsb. their telephone service and internet access are also brilliant. what more could a student ask for. i have personally tried other banks but they ... more