Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI: Students should be 'wary' of account freebies

Students applying for a new bank account should be wary of accounts which offer free gifts and discounts, according to an expert.

Many banks try and make their accounts more attractive to students by including offers such as a free iPod or a young person's railcard.

Michelle Slade, of comparison site moneyfacts.co.uk, advised this year's freshers to consider accounts with interest-free overdrafts.

She said: "Interest-free overdrafts are the most important feature of student accounts. Discounts and cinema tickets are tempting, but you may pay for them twice over, with a higher overdraft rate."

Halifax currently offers its customers the largest interest-free overdraft at £3,000 from the first year, while most high street banks operate a tiered system which gradually increases the interest-free overdraft.

Ms Slade added that some overdraft limits are subject to previous credit history, with a lower limit offered to those who do not fulfil the bank's lending criteria.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt ADNFCR-2776-ID-800057777-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide