According to the
Royal Bank of Scotland,
students will receive a number of benefits when opening an RBOS
student bank account.
On opening a
student bank account, students receive
money off selected
books,
theatre tickets, concert tickets and holidays.
The major incentive that sways students is the
interest free overdraft of up to £2,500 available to them, subject to terms and conditions. Royal Bank of Scotland, which is not the most popular student
bank account will certainly be receiving student bank
account applications with such a large student overdraft available to students.
Also available to student applicants is a no fee
credit card allowing students a £500
credit limit and up to 8 weeks
interest free credit.
Royal Bank of Scotland also offer a number of
loans for healthcare and postgraduate law students up to and in excess of £15,000. Repayments do not have to be made to RBOS until students have completed their education. After graduating, bank account holders have up to 7 years to pay the
loan back.
However, with student
debt at an all time high, student finance experts warn that tempting students with such a large overdraft could fuel the level of debt in the UK.
student finance UK - for students, by students 
