Online banking becoming more important to students
There are a lot of factors to consider for youngsters who are looking for the best student banking options.
Overdraft limits, interest rates and customer service are all key elements to take into account, but one thing that is becoming increasingly important is a bank's online facilities.
More and more people are finding online banking an extremely easy and quick way to access their accounts. The days of rushing to the bank during your lunch hour to make a payment are dying out fast.
Therefore, institutions that offer the best online banking options may prove favourable among tech-savvy academics. Obviously, security is a major concern, as there are a number of horror stories about people having their accounts hacked into, but most banks are working hard to prevent this from happening.
Recent figures released by the Australian Bureau of Statistics showed that almost three-quarters of Aussie households had access to broadband services in 2010-11, which is further evidence of the importance of providing quality online banking options.
Have a question about student banking? Ask the money gurus at Mozo Answers.