How to open a student bank account in the UK
How to open a student bank account in the UK Before you start university in the UK, you’re going to need to open a bank account – even if you’re an international student. So here’s everything you need to know… Types of accounts Most banks actively target students in the hope that once you’ve graduated and start making money, you’ll stick with them. And with so many options on offer, figuring out which account best suits your needs can be tricky. First things first: what are the different accounts available? Student accounts Student bank accounts are designed for those in higher education. While they are mostly similar to normal current accounts, they also come with added perks like interest-free overdrafts. Overdrafts are basically where a bank lets you spend more money than you have, up to a set amount. When your overdraft is interest-free, it means you aren’t charged anything when you use it. Just be careful, because some time after you graduate this ...