A student confesses
Banks ... budgeting ... benefits. Our guide to making the most of your money at university and, on page 13, as a new graduate
Sunday 25 August 1996
"People laugh at the gimmicks the banks offer students, but in a matter of minutes my savings were doubled! I opened accounts at lots of banks for the incentives, but they want you to put your grant cheque in before they give you the money.
"So I told most of the banks that I wasn't getting a grant, just a parental contribution, and got the freebies by depositing my grant cheque with one bank and then effectively shifting it around the others by writing a new cheque for that amount. I also got a couple of interest-free overdrafts. But when I stopped putting money in one account, the bank withdrew the overdraft.
"A friend has just got a job in advertising, and when he told the bank he started getting letters from a "personal banking manager" rather than the "lending officer", and they even offered to increase his overdraft. I'm thinking about telling my bank the same."
- 2 Watch the Supermoon live: How to see the brightest Moon of the year tonight
- 3 Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
Caitlyn Jenner car crash: Driver who died in collision sued by surviving passengers for $18.5m
Watch the Supermoon live: How to see the brightest Moon of the year tonight
Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
Turkey duped the US, and Isis reaps rewards
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...