Advice about what kind of bank account to open Most banks offer student accounts specifically designed to meet your needs, but its usually worth finding out which offers you the most in the long term. What should I look out for?
• An interest-free overdraft: This can be very useful if, for example, you have to pay your rent before your loan arrives in your account. But remember to check how much you can be overdrawn without having to pay interest and how long it remains interest-free after you graduate. • Hidden charges: Some banks charge fees for returned cheques and unauthorised overdrafts, for example. • A student advisor: They can give advice and offer the right banking facilities for your needs. • Access to internet and telephone banking: So you can keep track of your spending.
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