Nationwide has made a few changes to its student account, making it fee-free.
FlexStudent offers the following:
• No monthly fee • No fees on cash withdrawals abroad • Interest-free and fee-free overdraft up to £3,000 (subject to status and depending on the year of study: £1,000 in year one, £2,000 in year two, £3,000 in year three) • Credit interest of 1% on credit balance up to £1,000. • Access to cashback on some purchases via Nationwide’s Simply Rewards scheme • Access to FlexGraduate account after graduation.
Why I like this account This account looks pretty good all round for students but the fee-free cash withdrawals particularly caught my eye. The debit card will be handy for students going off travelling in the holidays or spending part of their course studying abroad.
The £3,000 interest-free overdraft isn’t bad either. The account it set up so you can’t stray into unauthorised overdraft so no unexpected charges there either, unlike some accounts.
Eligibility
• You need to be a uni student (obviously) and over 18 • You need to pay in at least £500 per term.
About student accounts Banks tend to have a new student account offering each year. Some accounts offer freebies (like a NUS card or railcard) and most offer some kind of interest-free overdraft. The overdraft is normally the most important thing – the more you can get at 0% the better.
It’s too early to do a full student bank account comparison yet – they’re not all out yet. But Nationwide’s FlexStudent looks a good bet if you want either a 0% overdraft or plan to use your debit card abroad. You can normally only open one student account so choose wisely.
Happy studying everyone!
10 comments
J4GG4
10 Jul 172#1
Heres me thinking students cannot afford to even eat hence known for eating beans on toast and pot noodles.
Now i know why, they're always abroad on holiday getting free cash withdrawels.
Sam_Crow
11 Jul 17#2
Entitled kids wanting something for nothing?
Well who'd have thunk it.
RabLewandowski
11 Jul 17#3
Don't be jealous guys
olsiris
11 Jul 17#4
You must "be within two months either side of your course start date" - so no use to existing students.
megamit
11 Jul 171#5
You are better off getting a monzo card to use abroad since it also has free withdrawals abroad.
Brabus_Duddy to megamit
12 Jul 17#10
A week and 2 days and i am down to 4,000 places. I started on 26,000 on the list.
stringsonfire
11 Jul 17#6
Or just open a Starling account. Similar to Monzo but with a proper current account, and no minimum deposit requirement
SFconvert
11 Jul 17#7
Or you can use a Halifax clarity card, cash withdrawals are free. Just make sure you pay some money into your account first, or you will pay an interest charge until you pay it off
manbearpig
11 Jul 171#8
Didn't you read today that a student was complaining about being £69k in debt? It was laughable.
This moron actually made the national news. She's clearly very stupid with bad grades because she only got into Westminster University (terrible, one of the worst). Started off doing fecking TV production and then moved to PR, it's beggars belief.
These imbeciles are going to university, taking on debt and then somehow get picked up by the national news. Judging by her size she has clearly drank and eaten every penny of the maintenance loan.
This is why normal hardworking people shouldn't vote for labour. They support this.
![Fresh Breakfast Meat Box (Using code) @ Campbells Meat [Haggis / Lorne Sausage / Bacon / Black Pudding & More]](/images/topics/208684_1.jpg)
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Opening post
Nationwide has made a few changes to its student account, making it fee-free.
FlexStudent offers the following:
• No monthly fee
• No fees on cash withdrawals abroad
• Interest-free and fee-free overdraft up to £3,000 (subject to status and depending on the year of study: £1,000 in year one, £2,000 in year two, £3,000 in year three)
• Credit interest of 1% on credit balance up to £1,000.
• Access to cashback on some purchases via Nationwide’s Simply Rewards scheme
• Access to FlexGraduate account after graduation.
Why I like this account
This account looks pretty good all round for students but the fee-free cash withdrawals particularly caught my eye. The debit card will be handy for students going off travelling in the holidays or spending part of their course studying abroad.
The £3,000 interest-free overdraft isn’t bad either. The account it set up so you can’t stray into unauthorised overdraft so no unexpected charges there either, unlike some accounts.
Eligibility
• You need to be a uni student (obviously) and over 18
• You need to pay in at least £500 per term.
About student accounts
Banks tend to have a new student account offering each year. Some accounts offer freebies (like a NUS card or railcard) and most offer some kind of interest-free overdraft. The overdraft is normally the most important thing – the more you can get at 0% the better.
It’s too early to do a full student bank account comparison yet – they’re not all out yet. But Nationwide’s FlexStudent looks a good bet if you want either a 0% overdraft or plan to use your debit card abroad. You can normally only open one student account so choose wisely.
Happy studying everyone!
10 comments
Now i know why, they're always abroad on holiday getting free cash withdrawels.
Well who'd have thunk it.
https://www.theguardian.com/education/2017/jul/11/student-debt-graduates-tuition-fees
This moron actually made the national news. She's clearly very stupid with bad grades because she only got into Westminster University (terrible, one of the worst). Started off doing fecking TV production and then moved to PR, it's beggars belief.
These imbeciles are going to university, taking on debt and then somehow get picked up by the national news. Judging by her size she has clearly drank and eaten every penny of the maintenance loan.
This is why normal hardworking people shouldn't vote for labour. They support this.
Nope Labour is the students vote by default.