This article explains how to find the right student bank account for you.

It is important that you find the right student bank account. Do your homework and shop around to find the best deals for you. Don't be overly impressed by freebies such as cash, vouchers or gadgets. Read the small print and look out for hidden costs like unauthorised overdraft and interest fees. The websites Money Super Market and Money Saving Expert both have details and comparisons of various student bank accounts.


What features should I look for in a student bank account?

An interest-free overdraft facility can act as a buffer if you get into difficulty. Check how much is on offer and what charges apply if you go over the limit (rates vary from bank to bank). Banks are generally happy to offer this service but make sure you don't exceed your limit. Also check what happens to your bank account when you graduate to avoid any unnecessary charges.


What should I do if I think I'm going to go over my overdraft limit?

Speak to your bank if you think you are go over your overdraft limit, they may be able to increase your overdraft or give you a temporary extension. This could save you a lot of money on fees and high interest rates.

Ensure you're sent monthly statements or go green and access them through the internet. Regularly checking your statements will help you to track your budget and financial situation along with checking for any unusual transactions.


Any more advice?

Try not to visit the cash point daily. Those withdrawals soon add up. Just £10 a day equals £3,650 per year!


Money management and budgeting advice

The Student Finance Centre can give you no-nonsense advice including how to set and stick to a budget, and make the most of your money. To book an appointment contact the team via or 023 9284 3014.