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NatWest student bank account

NatWest student bank account takes care of the core needs of the students. It provides its young customers with a very good combination of financial benefits and market leading incentives. At the same time they keep in consideration, the practical needs of the students. Recently, for the fifth year running NatWest was voted the best bank for students. When students move to the universities it is a very new experience for them. For the youngsters it is one of the most exciting times of their life since most of them get the taste of complete independence for the first time. But with independence also come the need to take lots of crucial decisions like courses to take, accommodation etc. and also the bank which suits their needs best .In today’s competitive market every bank tries to lure students by giving attractive offers, free gifts, overdrafts etc. Hence it becomes even more important for the students to take the right decision.

NatWest student bank account is not all about just helpful banking but it also adds its personal touch. NatWest has got many university on-campus branches that are more than any other bank. As a result students don’t have to waste their valuable time in reaching out to their bank. Apart from this, there is online banking facility and 24 hour telephone banking facility. This helps them in keeping track of finances, payment of bills without standing in queues, transferring money, getting mini statements etc. In short, it makes life easy and organized. Online banking also reduces amount of paperwork since it can keep track of transaction history of about 7 years.

NatWest has set up many student service branches where there are student banking managers and student advisers who take care of student’s financial concerns and guide them in managing their money efficiently. As a student, planning the finances seems to be a very daunting task. The student banking managers in the student service branches give free financial tips and thus the students can benefit from their expertise in this field.  Students generally prefer to do part time jobs during their college years. Student service branches prove very useful in suggesting these students, how to properly manage their earned money or save it.

The student banking package also has an interesting feature of interest free overdraft facility. This overdraft facility for the students is particularly of great importance because most student’s college life is spent living on their overdraft. It enables the students to withdraw money from their student bank account even if the current balance is zero. In other words, it’s a sort of temporary advance given to its customers by the bank up to a certain limit. These overdraft limits set by the bank, varies for the students depending on whether they are first year students, second year students so on. For instance the first year students have the overdraft limit of 1250 bucks, for second year students the limit is 1400 bucks, for third year it is 1600 bucks, fourth year 1800 bucks, fifth year it is 2000 bucks and the fact that the overdraft is interest free ads to its significance greatly. In order to

Help the students with budgeting, NatWest also provides guidelines to the students on what amount of overdraft is best suited for them and also for easy repayment of the fund.

Keeping in mind the limited budget of the students, the student banking package also has the 5 year 16-25 rail card. This takes away much of the pressure of the students as they have to spend much less for their travels. In addition to this NatWest also provides the Graduate Package that offers interest free overdraft for additional 3 years which makes the change from student to a graduate much easier. Students also get the extra benefits such as huge discounts on laptop purchase, on getting mobile broadband as well as on purchasing stuff from major retailers. The bank also keeps its customers up to date about their accounts by the bank’s regular mobile text service. In words of Phil Cook, Head of NatWest Student and Graduate banking, the NatWest tries to satisfy their young customers by constantly evolving. This has led to the increase in the stupendous popularity of the bank.