Best Banks For Students

Being a student isn't just about hitting the books; it's also about managing your finances responsibly. So, where should students turn when it comes to finding the best bank?

If you are looking for ways to save and invest, Prograd's algorithm matches you with hundreds of opportunities, right at your fingertips. Simply fill in our 10-second form and get started today.

In this guide, we'll break down the best banks for students, keeping it real for the tech-savvy, budget-conscious, and hustle-driven generation.

What Features Should Students Look for in A Bank?

Before we leap into our list of banks, hold up!

First, it’s essential to determine what will make a bank the best one for you.

So, let’s take a look at some of the features you might wanna prioritise when picking out the bank for you.

Online Access - These days, students live an on-the-go lifestyle which calls for banks that are accessible via smartphones. Lots of banks offer mobile banking apps - no more waiting in long lines or dealing with outdated paper statements!

No Fees, No Fuss - Overdraft fees? Monthly maintenance charges? No, thanks! Make sure to check if a bank steers clear of these pesky fees before you pick it.

Go Local - Who has time to trek miles to get to your bank branch, right? Why not pick a bank that has a local branch you can pop to whenever you want?

Student Savings - Students aren’t exactly famous for their wealth. Luckily, lots of banks offer savings accounts and even budgeting aid to help you maximise your cash.

Security - Students have enough on their plates without having their finances threatened! You’ll want a bank that has robust security and fraud protection.

Customer Service - We know you’ll be too busy studying to faff around waiting on hold for customer service. Lots of banks offer a responsive and reliable 24/7 help team.

What Are The Best Banks for Students?

Monzo

Especially if you’re an international student in the UK, or just like to travel a lot, this is the bank for you! Monzo is super easy to use, and, if digital banking is your gig, it has a banging app that can help you keep track of your finances.

Barclays Student Additions Account

The Barclays student account hooks you up with a sick interest-free overdraft of up to £3,000.

Plus, they’ve got this app that can be your financial wingman. You can track your spending, set those savings goals, and stay on top of your cash game.

These budgeting tools are a game-changer for any student looking for some saving wizardry. And guess what? This account isn't just about the money stuff – they throw in some great perks, like exclusive discounts and cashback rewards.

HSBC Student Bank Account

HSBC’s current account has long been popular with students. And for good reason! They've got a sweet overdraft that grows to £3,000 over time.

And guess what? They're all about making budgeting a breeze. You can organize your expenses into categories, and seeing it all in colourful charts is like a reality check on where your dough's disappearing.

But wait, there's more! If you're thinking it's time to swap that pint for a healthier vibe, HSBC's got your back. They're hooking you up with a 12-month subscription to British Cycling, so you can rock that active student lifestyle.

Nationwide FlexStudent Account

Nationwide offers a cool cashback reward scheme just for students. When you shop at specific stores, you can stack up cashback, and that's like boosting your bank game big time.

And wait, there's more! They throw in a fat £3,000 overdraft without any annoying fees.

Santander 123 Student Current Account

For any students that’s got to trek to uni, this could be the bank for you. Santander's got your back with a free 4-year 16-25 railcard, so you can ride the rails on the cheap.

Santander also dishes out a £1,500 interest-free overdraft that grows over time. Stress-free banking plus those epic financial perks? Santander's your guy.

Conclusion

Ultimately, the best bank for a student is gonna depend on your individual needs and preferences. There is no number.1 bank! They’re all great for different reasons.

So, consider your lifestyle, spending habits, and financial goals when making your decision. You have plenty of options to help your money thrive during your student years and beyond.