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I was doing some research for a thread in relation to what each bank charges for copy statements when I came across the HBOS site, which is offering, I believe the highest OD facility for students.
It states under charges
Paid items that takes you over an agreed overdraft
Students £20 per item(no more than 1 per day)
Personal customers £30 per item (no more than 3 per day)
Cardcash No charge
under 18's no charge
Failed or returned items
Students £20 per item(no more than 1 per day)
Personal customers £39 per item(no more than 3 per day)
Cardcash(see above)
Under 18's no charge
I'll come back with how much the banks in general are charging international students
Double check with your bank about those. I included an overdraft arrangement fee in my (HSBC) claim on the basis that I was told that they weren't supposed to apply to student accounts.
i have a HSBC account with a student overdraft of 1500. which they regulary allow me to go over.
to clarify i can go into a shop put through some food for £20 and it will go through even if i am already as i once was £1843 overdrawn
which meant i would now be £363 pounds o/d.
however they wont let me take cash out of a cash machine. i have never been charged for this or wrote to or called.
my friend same age same o/d same bank hsbc does get called the only difference is i am working and money is constantly going in and out of the account where as his account can go 3 - 4 months without any payments in.
Funny thing is. Last year I had about 1 or 2 failed Direct Debits and in may, June and was mad worried I had been charged. Funny thing , I was mad scared I had to pay charges although never did
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Re: Students do get a little xtra
I don't like the general idea of student accounts anyway - I didn't want to get one because of the temptation to say 'oh, don't worry about that extra £10/£20/£30; I've got a £1,500 OD limit'. I'm careful with money, but the temptation would still be there. I think that to automatically give someone an effective £1,500 loan just because they're classed as 'student' could under another name be called irresponsible lending.
I'm a student, and living in a 'University town', and feel sick to my stomach at the way the vultures move in - in the town centre, there are stands everywhere offering almost every financial 'service' available, and reps specifically target people my age. Here, have a credit card. Here, have a loan. Here, have Sky+. Car? Here you go, don't worry about the payments, we've got a stand, so it's all right.
As I mentioned on one of my threads about Abbey about a month ago, when I went into my bank to get a charge refunded (long story, their fault in the first place), the FIRST thing the rep asked me was why I didn't have a student account. Not, 'sorry you've had to come in to sort this out' or even 'let me try and see what I can do here' - no - WHY don't you have one of our services? Implying (in my mind) that I was irresponsible or not quite right in the head to not WANT to put myself in debt to them to the tune of £1,500. And people wonder why student debt is spiralling out of control in this country.
Students do get a little xtra
site, which is offering, I believe the highest OD facility for students.
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Originally Posted by demon_x_slash
