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Halifax unveils market leading student account
Halifax today announces details of its new market leading Student Current Account offering. Applications for the new account can be made from Monday 4th August 2008. The account is available to both new and existing customers.
The Halifax Student Account features:
- Up to £3,000 interest-free overdraft for up to five years while you are a student and for one year after graduating up to a maximum of six years
- 2% gross on in-credit balances
- Commission-free foreign currency and American Express Travellers Cheques
- 25% off AA membership for a year
- 20% discount on card care insurance
- Online and telephone banking plus the option to receive your statements online
- Withdraw up to £300 a day
- Visa Debit facility on your card so no matter where you are, you can use your card wherever you see the Visa sign in shops and at cash machines
- Cheque book available on request
Figure 1: Comparison of student account overdrafts:
| 1st Year up to: | 2nd Year up to: | 3rd Year up to: | 4th Year up to: | 5th Year up to: | |
|---|---|---|---|---|---|
| Halifax | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 |
| Barclays | £1,000 | £1,250 | £1,500 | £1,750 | £2,000 |
| HSBC | £1,000 | £1,250 | £1,500 | £1,750 | £2,000 |
| Lloyds TSB | £1,500 | £1,500 | £1,500 | £2,000 | £2,000 |
| Natwest | £1,250 | £1,400 | £1,600 | £1,800 | £2,000 |
Source: Banks' Websites
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2008-07-28 00:00:00 © Moneyextra.com
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