Many students find that their student loans are not enough to cover their living costs and additional sources of funding need to be found. One option is bank accounts that offer overdraft facilities.

The Student Funding Office does not recommend any particular bank, but we recommend external advice when choosing a bank from the Money Advice Service and Money Saving Expert.

When choosing a bank account, think about the following:

We advise you to open a student bank account and take advantage of an interest-free overdraft where possible. It is important to use bank accounts responsibly (e.g. not going beyond agreed limits) to avoid unnecessary charges, possible freezing of accounts and poor future credit ratings. Your bank is more likely to be flexible if you keep them informed of your situation.