The latter of these is one of the most popular account types out there, offering students easy access to funds, not to mention perks designed to come in handy for students. What’s more, many banks offer different classifications of student accounts, ensuring that their customers end up with an account that’s right for them.

For instance, a lot of banks will offer both current and prospective students the option to open a student account. That means that even if you haven’t started studying – but plan to – you can still open a student account to get your finances ready. Early student accounts might also offer a range of benefits, discounts, and account settings – such as an overdraft – designed to help you get set up for your studies. So it’s well worth looking out for such offers.

If you’re already at university, there’s likely a specialised bank account for you. Like early student bank accounts, current student bank accounts also offer a range of tailored benefits. But instead of helping you get set up for your studies, such benefits – like an increased overdraft set-up – will help you get the most out of university life.

Of course, there are even more types of student accounts out there – such as a graduate account. These accounts usually offer the highest overdraft protection, as well as a very competitive AER (annual equivalent rate) percentage. Graduate accounts also often come with some kind of a loan offer – just in case you find yourself needing extra cash after finishing your studies.

Finally, many banks offer accounts for younger students – for example, students who are under the age of 19. These accounts usually offer features like debit banking, free banking, and interest on money saved in the account. Offering many of the most basic qualities of a bank account – and more – this type of account is a great way for young students to become acquainted with banking practices, and to learn how to manage their money early on.

With the various types of student accounts out there, there’s an account to suit every student out there. A great way to find the right student account is to speak with a banking specialist, who can point you in the direction of suitable student accounts based on your banking needs.

Adam Singleton writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

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