Banking

If you're a full-time student

  • You can open a student bank account before you start university as most banks will accept your conditional offer letter.
  • Shop around for the best offers but don’t make a decision based on the freebies alone. Look at the long-term benefits, such as a 0 per cent overdraft - if you've worked out your budget and stick to it then you won’t need the overdraft, but it may be reassuring to know it’s there.
  • When you open your bank account, think about online banking using a secure website operated by the bank as this may make accessing your account, making payments and moving your money around easier.
  • If you have a bank account already, then look into changing your account as you may get a better deal.

If you're a part-time student

  • Part-time students don't normally qualify for a student bank account, but having a standard current account will make it easier to manage your money, including making payments, using cash machines, setting up direct debits and - subject to status - will provide you with a debit card, cheque book and overdraft facilities. 
  • When you open your bank account, think about online banking using a secure website operated by the bank as this may make accessing your account, making payments and moving your money around easier.