Its the time of year
when the next bunch of eager students leave home for the very first time to
explore the world of higher education. (Plus join in with Freshers Week). For
many, this will mean taking the reigns financially for the first time too, and many
will be choosing an account to suit the next stage of their lives.
Of course, this may
seem easy to these young adults, but with lots of possible jargon, and
tempting, unregulated credit options, and it can quickly become a financial
nightmare.
There are many
different accounts around to tempt students in most of the High Street banks,
all offering incentives big and small. Its important to choose the right
account for your student loans which gives your teen the freedom to access
money when they need it, without moving more than they have at any time without
realising.
One such user
friendly account with many added features is offered by Lloyds.
Whereas some accounts
will allow overdrafts which could end up costing the student thousands in fees,
Lloyds dedicated Student Account offers an Interest Free, tiered, planned
overdraft* up to £1,500 in the first three years of uni. Great for those new to
the world of finance. It allows the student money to fall back on without the
fear of effecting their longer term credit rating, and also allows them to
build an early portfolio for the future credit history wise.

Better still, Lloyds
wont start charging should you accidently go over your allowance, but will give
the student a grace period to sort out the dent in their finances until 3.30pm
the same day**
They also offer some
tie ins with companies such as STA Travel, who will give Lloyds Student Account
holders £75 off their holiday, as well as an NUS Card for three years on top,
which gives the holder lots of money off savings on the High Street and online.
To keep those busy
students up to date with their finances, they are offered online banking 24/7,
so no matter how late they're up or how snowed under with lectures, a few
clicks on the PC or mobile means their bank comes to them in person.
Lloyds also offers an
extra option of the Lloyds Student Credit Card.*** For those who want that
little bit more flexibility, the card has a £500 minimum spending limit at an
attractive 19.9% apr. If credit cards are a step too far, the account comes
with a debit card as standard, which can be used in most High Street and online
stores.
For students who want
to save while they learn, the Lloyds Student Account is linked with Save the
Change, With Save the Change, each time
you spend, the amount will be rounded up to the nearest pound and credited back
into your nominated account,
Applying for the
Lloyds Student Account couldn't be simpler, you can apply online or in your
nearest branch.
There are many
different accounts out there, but with Lloyds your student can concentrate on
their studies, and the only books they'll need to balance will be on their
choosen subject!
*Subject to
application
** Amount must be
paid in and clear before 3.30pm
*** Subject to status
and Application
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