Students are attracted to student bank accounts with offers like a free railcard, tastecard or interest-free student overdrafts, don’t be fooled… do your research.
Student accounts let you pay money in and out, like a regular bank account but tend to offer interest-free overdrafts, you’ll need to read the terms and conditions thoroughly to understand what the account offers.
Play close attention if you have an overdraft because if you exceed the limit the fees can be extortionate- that’s where banks can catch you out, and make their money!
An in-depth guide to student accounts can be found on the Money Saving Expert site, check out their suggestion of accounts by clicking here.
