Posts Tagged ‘student account’

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.

Cooperative Bank Student Account

Cooperative bank student account brings much relief to the students. Kids, who are moving to college, can now efficiently manage their funds with the help of Cooperative bank. The unique features that it offers in its student bank account are making it the most popular bank among the growing teenagers.

When kids move from high school to college, they need to either move out of their house for a better opportunity. Even if they stay with their parents, their need to work on a part time basis increases in order to earn their living. Most of the kids prefer working, and even parents encourage this activity. In this way, the budding professionals get the taste of work life, while studying and can chalk out their life’s plan. With income, comes the question of managing funds. Hence specialized bank accounts are made available to the students by different banks. The bank sees to it, that they cater to the needs of their young customers, so that when they grow as professionals, they continue using their other facilities. Selection of the correct type of bank account for student requires a lot of considerations.

The Cooperative bank student account emphasizes the importance of earth’s natural resources and hence puts pressure on being eco – friendly. This helps your growing kid to be aware of the environment too. The best feature that makes Cooperative bank more popular is the interest free overdraft facility. This surely takes away worries of most of the young customer. At young age, expenses incurred tend to be more than the funds they have. Thus if they are able to take an overdraft without paying interest, then it is a good news not only for the students but also for the parents, who need to support their children. Moreover the overdraft limit increases every year. This helps to take the pressure off the young minds. So they just need to study and enjoy their life, and the rest will be taken care by the Cooperative bank, itself.

Apart from the unique overdraft facility, Cooperative bank allows 24/7 access to your account. You can access your student account via internet or over telephone. This connectivity can be provided because of the large network of the bank and the stupendous amount of call centers across the country. They have reported to be able to provide maximum satisfaction to their young customers. These features are present in every type of account offered by the bank, but become an essential for the students account. This is because they are new to the corporate world and learn a whole lot of things about the banking industry. If they have access to their account online, then they can be alert of the changes in the offers or any new introductions.

Other beneficial features of the Cooperative bank account include the availability of debit cards, credit cards and specialized student accounts. The modern times are the times of fast cash and quick withdrawals. The ATM facilities are facilitating lives of everyone and not just the students. This gives you the freedom from carrying cash at everywhere you go. Also if you need money urgently somewhere, you need not worry and go back to your banks to bring money. You can even withdraw cash at night time too, through ATM. The wide network of the bank’s ATM allows you to find a suitable one for you’re nearest to any location that you go. The biggest advantage of ATM is realized when you go outside town on an excursion trip from your college or simply for vacation. You can take money from the ATM across the country. The Cooperative bank also gives you cheque book, which empowers you to write cheque of your own. Also the competitive interest rates that the bank offers, rescues you at the time when you are in credit. This feature helps the student in spending low and save more.

The regular banking features are also made available to the students. These services include regular statements, secure online banking and in – branch banking. There is a subtle fact that you need to take care of, while choosing the suitable bank. It is the location of the branch that you will be visiting regularly for your daily banking activities.

Bank of Scotland student account

The Bank of Scotland student account provides a lot of banking benefits that helps students a lot while they are still in a college or a university. This also allows them to focus on what matters most for them; studies. Being an award winning student bank account it has those extra facilities that help in the efficient and proper management of the young teenager’s money so that they always have that extra cash as and when they need. At the start of every new academic year, the youngsters gear up for the very important transition from school life to an all independent and full of freedom – college life.

The start of college life also means lots of crucial decision making like which universities to opt for, which courses to take, what kind of accommodation should be within budget etc. However the most important decision that a student has to make is to choose a bank that will fund him or her during important times. In the current competitive market there are lots of banks that try to attract these young minds by pampering them with gifts and flashy offers. Hence, the best thing to do is to look into the core features that the bank has to offer for the student bank accounts and determine which among bank’s student account fulfills the financial requirements as well as the practical necessities of the student best. The student can then opt for the one that meets all the requirements. Most banks are well aware that their customers tend to stick to those with whom they had first opened their bank account. No wonder then that most banks prefer young students to open an account in their bank.

One of the features that make the Bank of Scotland student account stand out is the interest free overdraft facility. Needless to mention, overdraft is very significant for a student. This is because majority of students’ entire college life is supported by the overdraft. There are many banks that offer interest free overdraft but the important thing to look for is the potential size of the overdraft. Most banks increase the limit of overdraft on year by year basis. For example, there is a certain overdraft limit for first year undergraduates, for second year students the limit is increased slightly and so on. But, Bank of Scotland gives its customers an interest free overdraft of limit up to 3000 bucks from day one.

In addition to this, the bank can also give overdraft after graduation for an extra year. The overdraft limit is extended depending on the personal circumstances of the students but on opening an account the student will immediately get a 500 bucks interest free overdraft. Another important feature that one should look for while opening a student bank account is to have the bank branch nearby. This is because students always have less time and lots of stuff to do and would not like to waste any time trekking to bank. Bank of Scotland has so many branches that reaching out to any branch is no big deal. Besides this, there is online banking facility and 24 hour telephone banking facility which makes managing money and staying up to date about ones finances very easy.

Students can keep track of their funds from anywhere and can also use them any time; thus making banking as easy as it can get. For the ease of the use of the money, special student debit cards are given to the customers. If students have extra money left at the end of each month, they can gain from the great savings facility and make use of the money in future as and when requirements come. Moreover, Bank of Scotland takes care of its bank customers by introducing various exclusive offers and deals from which customers can benefit greatly.

To help deal with the travel expenses of students during breaks or summer holidays, the bank also provides traveler’s cheques and foreign exchanges that are commission free. In addition, there are also numerous freebies and discounts that young bank customers can look forward to. There are some good discounts on games, pizzas and on purchase from some main retailers as well.