How big will my interest-free overdraft be?

How big will my interest-free overdraft be?

David Malcolm (Student Finance Policy Officer) gives expert video advice on: How should I choose a bank account?; Should I increase my overdraft if I need more money? and more...

Your interest free student overdraft limit will depend on the bank account you take out. Some banks will give you a certain overdraft amount per year, which adds up slowly to £2-2,500 or more in a year. Some will give you a settlement in the beginning and that will be it for the rest of your university course. In some cases you'll get more if you do a course like medicine and so on because you'll have longer in the course. The important thing to do is just to have again a look around and see what's out there, and each bank will have its own overdraft limit for students.