HSBC UK has also developed a series of student guides that are available on its website to help newbies
HSBC UK launches student account offer. (Credit: StockSnap from Pixabay.)
The account offer, which will help students prepare for uni life by enabling them to get essential items beforehand and help them settle in when they get there, will also provide them with important tools to get to grips with what is likely to be financial independence.
HSBC UK is offering students:
£80 in cash, to be transferred directly into the opened account;
A choice of either a £20 Uber Eats voucher, or a year of unlimited next-day delivery with ASOS Premier; and
A guaranteed £1,000 interest-free overdraft buffer in the first year, which could increase to £2,000 in year 2 and £3,000 in year 3.
HSBC UK has also developed a series of student guides that are available on its website to help newbies navigate their way around student life, budgeting at university, where money can be saved and also the ins and outs, and the potential costs of borrowing money.
Fiona Anderson, HSBC UK’s Head of Everyday Banking said: “The last couple of years have been tough for many people, but students have arguably had the toughest of times. Disruption to school-life, rescheduling and changes of exam format, and even uncertainty over whether they will be able to attend university let alone what lectures and student life might look like, this has all added to what would already be a stressful time.”
Fiona Anderson added: “Hopefully in this new chapter in their life they will find all the stress and hard work of the last couple of years has been worth it. Getting to grips with their financial independence will also reduce some of the student life stresses. The student guides we have developed will give them some great advice, and our welcome offer of £80 cash and an extra to give them a fresh new look with savings on the cost of delivery, or a tasty takeaway treat to share with their new friends, will provide them with a nice little boost at this exciting time.”
Source: Company Press Release