Student Bank Question

Soldato
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Hi all,

Well I am accepting my uni offers for september. I therefore have to fill in the uber form for my tuition fee loan and general student loan. I need to put my bank details on this for my first payment in september.

Heres the problem though, im currently 17, and wont be 18 until about 2 weeks before I actually start uni. I obviously cant open a student bank account until I am 18, so I have to put down my current bank details, but on my 18th birthday im no longer eligable for my current account.

So do I put my current bank details down on this form? Knowing that this account will expire on my birthday and that I cant get a new one until about a week before I start :confused:

I cant find anyone to contact on the form itself, and this is supposed to be the new great form that makes everything easier :(
 
Associate
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you have a local LEA branch call them, i believe you can open your account (as you have your offer letter) BUT you will not get any credit facilities. I would advise waiting a while to open this account, as the banks haven't yet brought out their student deals (freebies basically thrown into w/ your account).

edit: barclays are rubbash i would prolly get HSBC in a few months when they come out with their stuff (will rpolly be a young persons rail card)
 
Soldato
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spirit said:
edit: barclays are rubbash i would prolly get HSBC in a few months when they come out with their stuff (will rpolly be a young persons rail card)

That is down to personal preference, I have had no problem with barclays even past graduate stages.

As for the freebies they are availible all year round.

KaHn
 
Caporegime
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Talk to your bank about having the account converted into a student account. That way you can put down those bank details, and when you hit 18 the changeover should be pretty seamless. This of course assumes your bank is halfway competent, or more specifically that the employee you speak to is, which may be a bit of a leap.
 
Associate
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Just go to your local bank that you want to open a student account with and explain the situation. They should be able to help you.
When i filled in my student loan form i hadn't opened my student account so i put my old bank details. When you get your loan letters they send a slip for you to fill in about changing your bank details fill that in an send it back.It worked for me and didn't cause too many problems. :)
 
Soldato
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KaHn said:
Go into barclays with your uni offer letter and they will open a student bank account for you.

KaHn

Thanks this is helpful, lets say I wanted to shop arround and see what other banks were offering etc, do other banks do this? Obviously being 17 I assume somebanks wont be intrested?


spirit said:
edit: barclays are rubbash i would prolly get HSBC in a few months when they come out with their stuff (will rpolly be a young persons rail card)

When would you expect them to be brining their new accounts and stuff out then?

vonhelmet said:
This of course assumes your bank is halfway competent

Im with the halifax and so far.....they dont fit that statement :p
 
Soldato
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Nazbit said:
Im with the halifax and so far.....they dont fit that statement :p

Halifax are the spawn of the devil child!

On a serious note, most actual banks (not converted building societies) will open a student account for you, I had real trouble trying to get halifax to give me an account(I was also an account holder with halifax for 7 yrs), took me 5 mins in baclays. The main ones to try are

Natwest

Barclays

HSBC

LlyodsTSB

RBS

iirc.

KaHn
 
Last edited:
Associate
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Most people that i'm at uni with are either with HSBC of Natwest. I have heard good reports from both. I would think that they will bring out their offers around June time. :)
 
Soldato
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I was with RBS through Uni. Started off with a Natwest account, but they'd only give me a £250 overdraft in my first year (which wasn't nearly enough, since my parents couldn't afford to support me), so I left them and joined RBS, who gave me £1750 straight away. They've been fantastic. No problems at all with them, and they are more than happy to help if you have any money issues. When I left Uni, they converted my overdraft to an interest free loan, and I've been paying it off monthly. It's nearly all gone now, and I'll end up with no overdraft. Something that none of my other mates have, even though they've all been out of Uni for a year longer.
 
Soldato
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lemonkettaz said:
ok thanks.

offer letter rings no bells like :p... i am sure i can find something to prove i'm going to uni.
Well once you find out that you're in, you'll get an offer letter confirming everything from Uni. Use that. The account is something that can be switched fairly quickly, so you don't need to do it months in advance. I don't think I properly sorted mine until I'd arrived at Uni.
 
Soldato
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Any idea what age you have to be to be able to use a young person's rail card?

I was going to open a student account to get one, but if by being over 21 I won't qualify I might as well just get Halifax to change my account to a student account... Still, I'm reluctant to pass up any freebies...
 
Soldato
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lemonkettaz said:
when do you recieve the offer letter.

I've accepted my offers as firm and insurance about 4weeks ago
But you're not in at Uni yet, and it's not guaranteed that you are going until you pass your exams (unless you have an unconditional offer). Once you've passed your exams, your Uni will send you a letter confirming everything. It's that letter which you take to your bankio.
 
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