Posts Tagged ‘No Overdraft Fees’

HSBC Student Bank Accounts

Almost every bank on the earth provides student banking facility. HSBC Student Bank Accounts are no different in this regard. The student banking facilities they provide have a number of good reasons to attract someone for opening a student account. They are there to help students to make the most of their money. This has been constant aim of their organization. It offers student a flexible banking account that will give them the support that they need to enjoy their time as a student. It also allows the student with access to their money whenever they need. They are known to provide service round the clock. But that is something that is provided by almost all banks. You may wonder why you should opt for HSBC student account.

The benefits that they are providing the students may differ from country to country but generally they provide the following facilities to the students:

● Banking: They are providing interest free overdraft of up to £2,000, with no overdraft fees and overdraft limit alerts at the banks cash machine. They are also paying 2% AER Variable Credit interest on the first £1000 that will be there in the student bank account during his first year at university.

● Traveling and Holidays: They are providing two years free world wide travel insurance along with the facility of accessing cash wherever the student may be. They also offer the facility to get local currency at over a million cash machines worldwide.

• Managing money in account: Managing money has never been much easier before. Along with 24 hours access to one’s account, the bank is also providing a free SIM card in select circle that comes with £5 preloaded credit and free calls to HSBC telephonic banking. Now you can manage your money on the move, whenever needed. Mobile banking is also possible straight from one’s mobile phone.

Confused about what to do? They also have In-Branch Student Advisor who is there to help you in case you need help and suggestions. You can ask them anything that would resolve your doubts.

What about discounts? The bank provides great discounts at their different associated outlets located at different parts of the country. If some one is planning to travel overseas, then he can receive a 25% discount off Lonely Planet travel guides with an option to choose from over 500 titles that covers every corner of the planet. This offer is only redeemable through online shopping at lonely planet. Other benefits are from CDWOW. One can get a chart CDs from £7.49. The international students can apply for their HSBC Passports. They are providing banking for students from the age of seventeen so that one may avoid the hassles of applying for a student loan.

There are also additional benefits for applying while one is seventeen. Once one is 18+ he will be entitled to have the additional features namely:-

● Unlimited access to your account.

● Access to your cash wherever you are – get local currency at over a million cash machines worldwide

● Mobile Banking straight from your mobile phone.

● Mobile top-ups at HSBC cash machines

● Talking Money student micro site.

● Online budgeting calculator

● In-branch Student Advisors.

Another option for those who already have an HSBC account or those who are going to have a new one is that they can go green.  This is to say that they can avoid unnecessary paper in their everyday banking. This also means there would be no paper statements, all statements to be delivered electronically via internet banking. There would be no more letters from the bank. All the transactions will be via a phone call or email service. There wouldn’t be check book payments for one’s current account and also no paper marketing as well.

Eligibility criteria for opening an HSBC Student Banks Accounts: -

There are two most general criteria for opening an account. First is that one has to be more than 17 and the other is that the student should not hold any student accounts elsewhere. Also one should have applied for a two years full time course in a recognized university or a part time with Disability Student Allowance. But before everything, one should always study the terms and conditions to do so from an HSBC branch.