Specially created for the needs of students and also to help make the financial aspect of life at university less of a challenge
The most significant benefits of having an account for students is the overdraft options with no interest which a lot of them have
The main benefits of a student bank account are the interest-free overdraft options
While you are studying the course, your credit card will be uninterest-free until you reach a certain limit, which in certain cases will increase the following year.
When you graduate and begin paying interest on all or a portion of the balance on your overdraft
Bank accounts for students also come with additional benefits, such as discounts that are exclusive, free gift cards and student-specific financial advisors.
Certain student bank accounts provide interest-free credit for all the time you are pursuing your education and even following your graduation, giving you the time to pay it off after you have started working.
Make sure to pay it off as soon as you can to reduce your debt and avoid unneeded interest payments.