Halifax announce details of Student Account for 2007/08

Halifax has announced details of its Student Current Account for the academic year 2007/08. The account will continue to offer the most generous interest-free overdraft from any bank, offering up to £2,750 from year 1 of study.

Once new students have their offer of a place at University they can apply for the account, existing students can also switch to Halifax and take advantage of the interest-free overdraft.

In addition to the best interest free overdraft deal around, the Halifax Student Current Account offers a number of other benefits:

Interest when you're in credit – 2.02% AER (2.00% gross).

Plus the following discounts:

10% discount on our World Explorer Travel Insurance

Commission-free travellers cheques and foreign currency

20% Cardcare discount so if your cards are lost or stolen, Cardcare will cancel and automatically re-order ALL your missing financial cards, it also covers lost cash and the cost of replacing your driving license if it is lost with your cards

25% Discount on AA breakdown cover

Fee-Free American Express Travellers Cheque Card (normally £20)

Along with the following services:

Online and telephone banking plus the option to receive your statements online

Interest free overdraft that continues for one year after graduation

Withdraw up to £300 a day free of charge at one of our many Halifax and Bank of Scotland cash machines around the UK, 24 hours a day, 7 days a week

Access to all our branches so you can talk to someone face to face

Debit card with £100 cheque guarantee facility

Cheque book available on request

Visa Debit facility on your card so no matter where you are, you can use your card wherever you see the Visa sign in shops and at cash machines in the UK and abroad
Paul Marriott Clarke, head of banking at Halifax, said: "These increased interest free overdrafts could mean a significant saving over a three-year course of study – far better value than a record token or other gimmicks."