Bank of Scotland unveils market leading Student Account

Bank of Scotland has announced details of its new market leading Student Current Account offering. Applications for the new account can be made from Monday 4th August 2008. The account is available to both new and existing customers.

The Bank of Scotland Student Account features:

Up to £3,000 interest-free overdraft for up to five years while you are a student and for one year after graduating (up to a maximum of six years)
2% gross on in-credit balances
Commission-free foreign currency and American Express Travellers Cheques
25% off AA membership for a year
20% discount on card care insurance
Online and telephone banking plus the option to receive your statements online
Withdraw up to £300 a day
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
Cheque book available on request

Mike Regnier, head of banking at Bank of Scotland, comments: "Our account offers real long-term value. By choosing a Bank of Scotland Student Account, students with an overdraft could make a real saving.

"Unlike some other banks we also reward students who use their account in credit - paying them 2% gross interest."