Budgeting is important when you’re a student, and the right student bank account can help you stay on top of your money. With lots of competing accounts out there, it’s hard to know which is the best deal. If you’re looking for a student account, is the HSBC Student Account worth considering?
Why Should I Bank With HSBC?
There are plenty of benefits to opening a student account with HSBC.
- The bank offers one of the biggest interest free overdrafts available, guaranteed. You can get £1000 in your first year, rising to £3000 in your third year.
- HSBC makes banking and budgeting easy with its banking app. On the app, you can access smart money tools like the ‘Balance After Bills’ feature. You can also freeze and unfreeze your card if you can’t find it (read: you left it in the students’ union).
- With an HSBC Student Account, you get benefits like discounts at Costa Coffee, ASOS, Boohoo, and more. When you’re on a limited budget, anything that helps your money go further is a winner.
- And finally, drum roll please…you get £100 for signing up. To get the cash, you have to make 5 debit card transactions within 30 days of opening the account. Check the bank’s website for more terms and conditions.
Who is Eligible for an HSBC Student Account?
You can apply for a student account with the bank if you:
Are aged 18 or over
Are resident in the UK and have lived in the UK, Channel Islands, or Isle of Man for the past 3 years
Have proof you’ve been accepted onto a qualifying course (eg your 16-digit UCAS code)*
Don’t have another student account elsewhere
*If you’re returning to do a postgraduate or secondary degree of 1 year or more at a UK university, you must have completed an undergraduate course in the last 3 years.
How Can I Apply?
To apply for a student current account, click here.
Is it worth opening an HSBC Student Account?
As student accounts go, HSBC’s offering will take some beating. As well as one of the biggest available interest-free overdrafts, signing up will bag you some pretty great discounts. And let’s not forget the £100 cash which could come in handy when you’re on a tight budget.
Our verdict? HSBC has got it very right. With this student account, you can stay on top of your money and enjoy what student life has to offer.