Aussie students should avoid becoming "entangled" in the multiple products offered by banks, a professional adviser has claimed.
Financial author and planner Justine Davies suggested that young Australians should keep their options open by remaining free to compare student banking across different institutions.
"The more products that you have with one provider, the more difficult it is to change providers when a better deal comes along," she wrote in a column for the South Australian Advertiser.
"And for most people, it's unlikely that one bank is going to offer the best deal on all products."
Ms Davies referred to her own experience as a "fledgling financial planner" at one of the major banks where bankers were encouraged to cross-sell products as much as possible in order to ensure customer loyalty.
She added that the focus today is also on identifying the most profitable customers, meaning that "a penniless university student" is likely to get worse customer service than a wealthier peer.
Last week, meanwhile, a High Court ruling opened up the possibility that Australian students may be able to claim some of their educational expenses back on tax.
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