Halifax Student Current Account: designed by students for students
02 July 2013
- Halifax Student Account offers students more of what they need and less of what they don't
Students want practical, straightforward banking facilities, designed to fit in with their specific needs and lifestyles, according to research carried out by Halifax.
Research among current students and recent graduates found 56% would be influenced by a student account promising extras and incentives, but the overwhelming majority (86%) would prefer one which simply offers an overdraft, a debit card, and internet banking.
The survey of 1,000 students also revealed just how crucial internet banking facilities are, with 86% using the internet to manage their accounts, compared to 70% who use an ATM, and 38% who visit a branch.
Anthony Warrington, director of Halifax Current Accounts, said:
"Students face enough pressures as it is; they just don’t have time to be distracted by flashy gimmicks they don't need.
"Halifax has listened to what students say they want and found their single greatest need is for a flexible overdraft facility*. That's why we've held the maximum size of our interest-free overdraft facility at £3,000, making it the largest interest-free student overdraft available. On top of this it lasts for the length of the course plus one year after graduation – up to a maximum of six years."