1. Banks want you!
The banks quierenLos banks are actively pointing to students, more than any other group of the population.
There is a good reason, also. The students are essentially investing in themselves to (hopefully) get a higher than the average wage when they graduate.
Even though you may be borrowing to finance their education, the banks expect that, in the near future, you will reap the rewards and expect to Stash their profits with them.
Banks are trying to establish loyalty, and have good chance that maintained for lifetime once that has opened a student bank account with them.
Just remember that you don't have to be loyal, and you must switch banks if it is necessary to benefit from the next best thing. It may seem too much effort, but change can pay dividends for many students and graduates.
2. Watch out for the bank account of the student gifts
Beware the regalosHay much that they offered this year, but don't get fooled by full gifts! Offers short term, including free products, insurance, cash-back rewards and other useful things may sound attractive, but you have to be smart.
An account of the student offering £20 worth free MP3 downloads is not as good as a large overdraft obtaining interest-free for 3 years or more.
3. Go for the biggest overdraft student
An arranged overdraft is a common form of borrowing money through your checking account. The best student account is that the money lent through an overdraft has 0 interest. With an overdraft without interest you pay back nothing but what you borrow. This is applicable only to the bank accounts of the students, so make the most of it!
Go for a great sobregiroIncluso if you don't feel like you need the full overdraft, even request it then take some of it (without interest) to the pump of your savings account.
You are now playing the system! You actually make money by earning interest on borrowed money, while you are a student. We are not talking about mega-dollars, but for something so easy to make, it is not a bad return!
Be careful that the 0 interest period is not forever! Only lasts a certain number of years after graduation before the charges by established interests. You will have to start paying before to be fucked by older payment. Equally important, don't you think go over your overdraft limit willing student or you could suffer heavy charges.
4. The overdraft is up to or guaranteed?
Student-preguntaVale noteworthy discovered student limit announce often is the maximum that can be obtained. This amount is usually only available in his final year at the University and only to students with a decent credit rating (now you can get a free report with Credit Reports Matter).
For example, some banks Street, as Halifax attract students offering an overdraft of up to 3,000 pounds. However, we know that many students have never claimed to have received the full £3,000 at any time during college.
5. Know the terms of repayment
He has student reimbursement a recent survey that we carry out, 65 of the students surveyed said that actually they don't know when they have to pay their overdraft student. Of course, you probably won't have to pay until after graduating, but by then already it may be too late and the sudden demand for £3000 can be a good scare!
After college, most of the banks are automatically converted to your student account a bank account of postgraduate course that addresses pay your balance discovered during a given period. Take a look at our bank account graduate guide that lists the best accounts offered to graduates and gives them an idea of the amount of money that is likely to have to pay and how quickly.
6. Know your credit score
Check last Creditopor score, if you can find the time, worth what banks are already thinking of you (from the point of view of risk). The amount of overdraft that you grant depends on your credit score (record of expenses, past indebtedness, source of income, etc.).
Fortunately, you can get one for you online free credit report through Credit Reports Matter. We have used this service ourselves and it is the best we have found, even if you have to cancel the free trial once you have received your report.
7. Location, location, location...
A local bank can get to be worthwhile, especially when you need to make a deposit in cash or check, or deliver any documentation.