Barclays launches new student bank account package

Barclays has launched its new student bank account package, which as with the student packages from NatWest, Lloyds and HSBC, includes specific bank account benefits and other rewards.

A Barclays Student Additions bank account includes an interest-free overdraft facility up to £2,000 for the duation of their univeristy studies.

If additional overdraft facilities are required, up to a further £1,000 can be added at a rate of 8.9%.

There’s also a mobile broadband offer through Orange which gives a 25% discount off the normal cost, along with a free modem.

Head of Current Accounts at Barclays, Andrew Harris, said ‘We recognise the financial challenges students have and that’s why we have looked to provide them with a relevant package to support them through university life.’

Other key elements of the Barclays student bank account package include

• a VISA debit card with the new built0in contactless technology – means as well as normal chip and PIN transactions, for transactions under £10 the contactless card can simply be held in front of a reader to pay without the need to enter a PIN
• Student Posessions Insurance – a standard contents policy during term time which covers such as accidental damage to PCs or TVs, theft of personal possessions and fraudulent use of credit cards
• Access to 24/7 online banking, Barclays new mobile phone banking service and telephone banking