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Consider online banking provisions when selecting a student account

Wednesday, 02 November 2011

Posted by Mozo

Aussies heading to university may benefit from choosing a student bank account that has good online banking options.

While it is important to consider factors such as the overdraft facilities available and the interest rates that will be paid, it may also be worthwhile to think about the convenience of managing finances through different banks.

Some may have better online and telephone banking facilities or they might have a greater number of branches near the universities that student banking customers attend.

The presence of a bank on campus may be an important factor for those who prefer to look after their student finances in person rather than on the internet or over the telephone.

Those who need to keep a tight rein on their finances may benefit from online banking as they will be able to regularly get updates on how much they are spending.

It may also be worthwhile to check whether the bank chosen charges any fee for using their services.

Have a question about student banking? Ask the money gurus at Mozo Answers. ADNFCR-1761-ID-800784072-ADNFCR

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