HSBC Student account  - £100 for opening account (payable within 7 days) + 12 month British Cycling membership @ HSBC
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HSBC Student account - £100 for opening account (payable within 7 days) + 12 month British Cycling membership @ HSBC

37
Expires on 31/12/2019Posted 20th Jun
HSBC have just relaunched their student account for new university students or those starting an apprenticeship in September, looks pretty strong. Offering £100 cash incentive for opening an account which is payable within 7 days of approval according to the terms. In addition you can get a 12 month cycling membership worth £24. Outside of the signup incentives, the actual bank account has some good benefits with a 0% overdraft of £1,000 in year 1 (rising to £3,000 in year 3 - optional) plus access to a regular savings account with a 3% savings rate up to £3,000 credit balances over a 12 month period.

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HSBC Student Bank Account

  • First year students get £100 when you open an HSBC Student account. Eligibility criteria and terms apply.
  • Free 12 months British cycling fan membership available to HSBC UK Student Bank Account customers. T&Cs apply
  • An arranged overdraft offer of at least £1000 interest free on account opening, and you can apply to increase your arranged overdraft as your studies continue (can increase to £3,000 by year 3). Representative example (assumed arranged overdraft £1,000): 0% EAR variable.
  • HSBC Regular Saver with a interest rate of 3% AER/gross up to £3000 fixed for 12 months
  • Mobile banking app
  • Access to student discounts studentexclusives.hsbc.co.uk/

Applying Online

If you are 18+, UK resident and have accepted a place on a qualifying course you can apply online. If you are an apprentice, please book an appointment in branch and bring proof of your confirmed apprenticeship to your appointment.

£100 offer terms

1. These offer terms and conditions apply when you open an HSBC UK Student Bank Account during the Offer Period.
2. The Offer Period opens on 17 June 2019 and closes at midnight on 31 December 2019.
3. To receive your £100, you must:(a) be a student or apprentice, who is 18+ and a UK resident, starting your first year of study on a qualifying course in 2019 (the full list of qualifying courses can be found in the Student Bank Account Welcome Brochure); and(b) successfully open one HSBC UK Student Bank Account during the Offer Period. £100 HSBC UK Student Bank Account Offer 2019 Terms and Conditions
4. If you meet the criteria set out in clause 3, we’ll put £100 into your Student Bank Account within 7 days.
5. Only one £100 cash payment will be made to you.
6. We may withdraw, alter or replace this offer at any time without notice.
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37 Comments
Im starting a pgce at uni in september. Any idea if that counts?

Edit looks like it does!
Edited by: "1982john" 20th Jun
Is it just for new uni students or can you getit if starting a nvq at collage also, where is the list to ?
katya197120/06/2019 11:49

Is it just for new uni students or can you getit if starting a nvq at …Is it just for new uni students or can you getit if starting a nvq at collage also, where is the list to ?



List of qualifying courses is under the section, Apply for a HSBC Student bank account - then click on are you eligible

hsbc.co.uk/cur…nt/

Taken from HSBC site: List of qualifying courses


List of qualifying courses A full time qualifying course or a apprenticeship (level 2-7) with a UK, Channel Islands or Isle of Man university / college / apprentice learning provider. Courses which qualify must be full time or part time with a Disabled Students' Allowance.

  • Postgraduate degree (for example PHD, MBA, MSc, PGCE, MPhil, M.ED, M.ST, LL.M)
  • Undergraduate degree (for example BA, BSc, BEd, BN)
  • Diploma of Higher Education (DipHE)
    - Business & Technical Education Council (BTEC). The following BTEC courses qualify:
    - Higher National Diploma (HND)
    - Higher National Certificate (HNC)
  • National Vocational Qualifications (NVQs) levels 4 and 5
  • Foundation Degree - FDA (art based) or FDSc (science based) and/or subsequent one year full honours degree course
  • Pre-registration or First Level Nursing and Midwifery Diploma
  • Intermediate Apprentice (Level 2) Apply in branch only
  • Advanced Apprentice (Level 3) Apply in branch only
  • Higher Apprentice (Level 4) Apply in branch only
  • Degree Apprentice (Levels 5-7) Apply in branch only
  • A foundation year which is an integral part of one of the courses listed above. We will need to see written proof of this, for example a letter from the college or university.

Courses that don't qualify

  • Access and conversion courses
  • Advanced Vocational Certificate of Education (AVCE) unless part of a formal Apprentice qualification.
  • Non-apprenticeship standard City and Guilds and RSA courses
  • GCE A Levels or AS courses or Scottish Highers
  • BTEC National Awards (other than HND/HNC) unless part of an Apprenticeship qualification.
  • General National Vocational Qualifications (NVQ) Levels 1-3 – unless part of an Apprenticeship qualification
  • SQA Awards, GCSEs
  • Traineeships / Apprenticeship Access Courses
  • Part-time (except students receiving Disabled Student’ Allowance
Is it possible to reapply for a student account after closing one?
1982john20/06/2019 11:44

Im starting a pgce at uni in september. Any idea if that counts?Edit looks …Im starting a pgce at uni in september. Any idea if that counts?Edit looks like it does!


Me too! Was just about to say does PGCE count!
If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.
Settee20/06/2019 13:00

If you're a student please don't get an overdraft, get a part-time job, or …If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.


I agree - never went into overdraft myself as I have been working since the age of 17, but have seen friends pay ridiculous amounts for money they have borrowed, goes into a constant circle too..
Settee20/06/2019 13:00

If you're a student please don't get an overdraft, get a part-time job, or …If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.


Charity shops usually overvalue tech as old people don't know much about it
Settee20/06/2019 13:00

If you're a student please don't get an overdraft, get a part-time job, or …If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.



“Don’t take occasional advantage of an account with excellent terms to see you through till your loan comes in, that gives you plenty of time to pay any debt off after graduation - develop a gambling habit instead!”

From an actual student who hasn’t yet needed an overdraft, this is terrible advice.

An overdraft can be indispensable for some, and the 0% interest on this particular account tapers off over the two years after you graduate. Plenty of time to get a job and pay off anything left over, rather than gambling to pay for food (yes, I understand how matched betting works but it can go wrong), or spending your time at university flogging tat on ebay.

Recommend anyone looking at student accounts has a look at MSE’s comparison here, including the budgeting advice
finknottle20/06/2019 13:38

“Don’t take occasional advantage of an account with excellent terms to see …“Don’t take occasional advantage of an account with excellent terms to see you through till your loan comes in, that gives you plenty of time to pay any debt off after graduation - develop a gambling habit instead!”From an actual student who hasn’t yet needed an overdraft, this is terrible advice. An overdraft can be indispensable for some, and the 0% interest on this particular account tapers off over the two years after you graduate. Plenty of time to get a job and pay off anything left over, rather than gambling to pay for food (yes, I understand how matched betting works but it can go wrong), or spending your time at university flogging tat on ebay. Recommend anyone looking at student accounts has a look at MSE’s comparison here, including the budgeting advice


I've known a few people who have taken years to pay off their overdraft or still haven't. If you're planning of moving back home after uni you will be in a better position, but a lot of people don't go back.

2 shifts a week in a supermarket did me fine. Good luck with your studies.
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finknottle20/06/2019 13:38

“Don’t take occasional advantage of an account with excellent terms to see …“Don’t take occasional advantage of an account with excellent terms to see you through till your loan comes in, that gives you plenty of time to pay any debt off after graduation - develop a gambling habit instead!”From an actual student who hasn’t yet needed an overdraft, this is terrible advice. An overdraft can be indispensable for some, and the 0% interest on this particular account tapers off over the two years after you graduate. Plenty of time to get a job and pay off anything left over, rather than gambling to pay for food (yes, I understand how matched betting works but it can go wrong), or spending your time at university flogging tat on ebay. Recommend anyone looking at student accounts has a look at MSE’s comparison here, including the budgeting advice


You lot wouldn't need overdrafts if you weren't wasting so much money on alcohol and enjoying yourselves
finknottle20/06/2019 13:38

“Don’t take occasional advantage of an account with excellent terms to see …“Don’t take occasional advantage of an account with excellent terms to see you through till your loan comes in, that gives you plenty of time to pay any debt off after graduation - develop a gambling habit instead!”From an actual student who hasn’t yet needed an overdraft, this is terrible advice. An overdraft can be indispensable for some, and the 0% interest on this particular account tapers off over the two years after you graduate. Plenty of time to get a job and pay off anything left over, rather than gambling to pay for food (yes, I understand how matched betting works but it can go wrong), or spending your time at university flogging tat on ebay. Recommend anyone looking at student accounts has a look at MSE’s comparison here, including the budgeting advice


How can matched betting go wrong?

Ps don’t agree with the post you’re responding to either.
Damn only first year students.

Just applied for Masters after my 3rd year. Wouldn't have minded an easy £100.
Awful bank
F_2_220/06/2019 13:02

I agree - never went into overdraft myself as I have been working since …I agree - never went into overdraft myself as I have been working since the age of 17, but have seen friends pay ridiculous amounts for money they have borrowed, goes into a constant circle too..


Agreed.
When I was at uni I sponged off my mum and dad did four years
Dillz_20/06/2019 22:33

Damn only first year students.Just applied for Masters after my 3rd year. …Damn only first year students.Just applied for Masters after my 3rd year. Wouldn't have minded an easy £100.


Get a job, light weight.
I need a job 😔
Cold. You have to be a student for real.... Need 16-digit UCAS code or other proper confirmation.... If you are 'inadvertently' " economical with the truth" it would probably amount to a criminal offence.... Come back Santander......!
Settee20/06/2019 13:00

If you're a student please don't get an overdraft, get a part-time job, or …If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.


Overdraft came in handy when I was at uni. But I set myself rules, a limit of £1500 overdraft (even though the actual limit was £5000) and I knew I could pay it back within a few months of finishing uni, which I did.

If someone is terrible with money and will go off the rails because they see 'free money' then I agree it's a bad idea.
Can I show them my Amazon student account and that shows I'm definitely legit?
I already have an HSBC account like but still, hundred nicker.
Settee20/06/2019 13:00

If you're a student please don't get an overdraft, get a part-time job, or …If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.


Definitly get an overdraft. It’s free.
Getting the overdraft isn’t the problem. Paying it back is. Make sure you’ll be able to pay back before the interest free ends.
ec9wrr21/06/2019 05:18

Definitly get an overdraft. It’s free. Getting the overdraft isn’t the pro …Definitly get an overdraft. It’s free. Getting the overdraft isn’t the problem. Paying it back is. Make sure you’ll be able to pay back before the interest free ends.


Exactly, I had my overdraft maxed out and all the money in a savings account.
Get the overdraft.

Use it for when you have to pay a term worth of rent and that term's student finance hasn't come in yet... that's the only time I ever went into mine.

Just don't use it as 'free money' as some students do, spending a 2-3 grand more than they actually earn/receive (from student finance, parents, jobs etc) on clothes and drinking and therefore living at/near max overdraft consistently. When they graduate and the student account ends, they find themselves taking a year or two to pay it off whilst incurring heavy amounts of interests/fees.
finknottle20/06/2019 13:38

“Don’t take occasional advantage of an account with excellent terms to see …“Don’t take occasional advantage of an account with excellent terms to see you through till your loan comes in, that gives you plenty of time to pay any debt off after graduation - develop a gambling habit instead!”From an actual student who hasn’t yet needed an overdraft, this is terrible advice. An overdraft can be indispensable for some, and the 0% interest on this particular account tapers off over the two years after you graduate. Plenty of time to get a job and pay off anything left over, rather than gambling to pay for food (yes, I understand how matched betting works but it can go wrong), or spending your time at university flogging tat on ebay. Recommend anyone looking at student accounts has a look at MSE’s comparison here, including the budgeting advice


Have to agree, an overdraft is essential especially if the student loan gets delayed. I think people just need to be realistic about how they handle money, whether they're bad at budgeting etc.. Sure, these days, university can be so expensive it's easy to overspend especially with peer pressure, even technologies contactless makes it harder to spend wisely.

And for some, an overdraft actually makes them work harder over the summer, trying to pay it off. At least it's interest free and won't disappear until at least a year after the course has finished.
Edited by: "supermann" 21st Jun
DoStuffAndStuff21/06/2019 00:00

Overdraft came in handy when I was at uni. But I set myself rules, a limit …Overdraft came in handy when I was at uni. But I set myself rules, a limit of £1500 overdraft (even though the actual limit was £5000) and I knew I could pay it back within a few months of finishing uni, which I did. If someone is terrible with money and will go off the rails because they see 'free money' then I agree it's a bad idea.


Okay, a £5000 limit for a student is insane! Really bad idea. £2k at the absolute max. How they can call themselves a 'responsible lender' when they do things like that is beyond me.
Edited by: "supermann" 21st Jun
One of the worst banks out there... don't bother!
Settee20/06/2019 13:00

If you're a student please don't get an overdraft, get a part-time job, or …If you're a student please don't get an overdraft, get a part-time job, or do some matched betting, or buy things from charity shops to flip on ebay if you need extra money.

Too late for me, I was heavily depressed last year and got tons of loans and a high overdraft.. I blew it all on clothes, games consoles and more. Luckily I live in Scotland but my credit is terrible. I'm paying it back very slowly.. I also get saas (student loans) this year too.. I need to take it as bursary isn't much
As a third year student can I claim this?
What’s the best bank with offers for a student ?
HJboss23/06/2019 14:01

What’s the best bank with offers for a student ?




Depends what you want/ what your need is .e.g cash incentive versus non cash incentive e.g. railcard, overdraft etc
Chanchi3226/06/2019 16:58

Depends what you want/ what your need is .e.g cash incentive versus non …Depends what you want/ what your need is .e.g cash incentive versus non cash incentive e.g. railcard, overdraft etc


Cash Incentives definitely
Won’t really use the other stuff
1982john20/06/2019 11:44

Im starting a pgce at uni in september. Any idea if that counts?Edit looks …Im starting a pgce at uni in september. Any idea if that counts?Edit looks like it does!


It does, I signed when I started mine in 2017
F_2_220/06/2019 13:02

I agree - never went into overdraft myself as I have been working since …I agree - never went into overdraft myself as I have been working since the age of 17, but have seen friends pay ridiculous amounts for money they have borrowed, goes into a constant circle too..


The overdraft is 0%
I'm starting my first year of a one year masters course. Does anyone know if I'm eligible for this? Or is it only for undergraduates?
katya197120/06/2019 11:49

Is it just for new uni students or can you getit if starting a nvq at …Is it just for new uni students or can you getit if starting a nvq at collage also, where is the list to ?


No i wish it was
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