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Halifax launches 2013 Student Account 02nd July 2013

Halifax has unveiled its 2013 Student Account, following extensive research into the financial and lifestyle needs of young people in higher education.

The survey of 1,000 students found 86% of students want an account offering a debit card, internet banking and an overdraft facility, whilst a further 76% do not want to pay a fee for running their account each month.

Based on the findings, Halifax has designed the new 2013 Student Account, which offers the following key features:

The basics....

• Interest-free overdraft up to £3,000 (depending on personal circumstances)
• Guaranteed minimum overdraft of £1,000
• Unauthorised overdraft rates of 24.2% EAR
• 0.10% (gross) credit interest paid
• Credit card limit up to £1,000 (Typical APR of 19.9%)
• No commission charged in foreign currency

The finer details….

Account holders will receive regular text alerts and have access to a mobile phone banking app to help manage their balances. A personalised debit card is also included.


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