Early bird student account with credit card launched by HSBC
A new bank account for school students that includes an optional credit card when they confirm a place at university has been launched by HSBC.
Early bird student account with credit card launched by HSBC”
A new bank account for school students that includes an optional credit card when they confirm a place at university has been launched by HSBC.
The Early Bird student bank account is available to students of 17 and over. Account holders will be entitled to a credit card once they turn 18 and have a place at a university.
The account offers features to help students to manage their finances - such as an online budgeting tool. Holders will also have access to student advisors across the HSBC branch network, including specialist student zones and on-campus branches in key university cities.
The optional student credit card has a credit limit of up to £500, with typical 18.9 per cent APR (variable), subject to status and account conduct.
Students are also offered two years worldwide travel insurance to cover their first two summers during university and internet and mobile banking.
According to a survey by the National Union of Students and HSBC last year, prospective students tend to underestimate their spending when compared to current students.
Early Bird could give students the opportunity to put their finances in order before the huge rush to get everything into place just before the start of university.
Lucy Payne, HSBC's youth manager said: "Getting ready for uni generally means running around to get everything ready and sorted before they start. Now with HSBC's Early Bird student bank account, that’s one less thing they’ll have to worry about."
Written by ©
