Financial institutions like students because they believe that once you've gained that elusive first class degree, you'll be earning £25k+ within a week.
So they pull out all the stops tempting you to invest your cheque with cheap incentives, and the promise of free overdrafts and credit cards.
BUT!
Before you sign up, it's worth studying what each bank really has to offer. Don't be seduced by those marketing gimmicks (vouchers, mobile phones, money, free internet access etc).
Long-term considerations such as the overdraft levels and availability of services close to both your accommodation and campus should be more important factors.
Also enquire about graduate schemes and rates of repayment. Specialist student advisors are usually on hand at major branches and those near to colleges.
Larger overdrafts than those advertised can also be arranged as long as you discuss this with the bank first, but remember, you will probably be paying interest for this privilege, and the bank may well request a detailed list of your expenses.
