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How to Compare Student Accounts

There are a number of benefits to taking out student accounts when you go to university. The problem is that there are so many of them that you’ll need to compare student accounts to find the best one for you.The HSBC student account can offer a number of benefits, including an overdraft of up to £3000, with £500 interest free guaranteed when the account is opened. Another benefit is the online budget planner to help you spend wisely.The Bank of Scotland is another one that can offer up to £3000 for an overdraft and there are no monthly charges for the account. You can use internet and telephone banking. However, some banks are able to offer gifts as well as good overdrafts. Lloyds TSB is one of those that will not only offer up to a £1,500 interest free overdraft but also a three year NUS extra card.

There are a number of benefits to taking out student accounts when you go to university. The problem is that there are so many of them that you’ll need to compare student accounts to find the best one for you. It can be difficult to go through so many of them, so here are three student accounts that you could choose from.

The HSBC student account can offer a number of benefits, including an overdraft of up to £3000, with £500 interest free guaranteed when the account is opened. This is something that all students need, especially n the run-up to the student loan being placed into the account. There is also access to an online budget calculator, which can help you work out where you money is going and start spending wisely. Another benefit is that there are no arrangement fees on any overdrafts that you and the bank agree upon.

The Bank of Scotland is another one that can offer up to £3000 for an overdraft and there are no monthly charges for the account. You can also use telephone or internet banking as well as going into the branch to sort out any of your financial queries and problems.

However, some banks are able to offer gifts as well as good overdrafts. Lloyds TSB is one of those that will not only offer up to a £1,500 interest free overdraft for the first year of the account but also a three year NUS extra card, which will usually cost money to gain. The benefit of the extra card is that you can gain a discount in a number of stores and you will be sent out leaflets and coupons to gain even more.

It is worth shopping around to compare student accounts. There are websites such as moneysupermarket.com or moneysavingexpert.com, which are able to search around the different accounts and offer you details on each one to make your search quicker and easier.

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