the changes are effective over night. Your best bet is to pop into branch and ask them, I'm not too familiar with HSBC. Other advantages I can think of are better insurance deals for student possessions etc... You'd obviously be the one in the middle, as an undergraduate. Find the account you currently have and just compare them side by side. See what the differences are and then go with whatever account you think will benefit you the most! ( Originally Posted by StudentWhat ) If you can control your spending then you could use the overdraft to your advantage taking it out and putting it into a savings account to earn interest then pay the overdraft and keep the interest you earnt in the savings account . It's a fair idea in theory, but with current interest rates it's not worth it. Even if you withdrew 2,000 from an interest free overdraft and put it in an ISA with 3%AER (which is about average at the moment) You'll only earn about 60... in a year. ( Originally Posted by Hanny18 ) I have a cinema unlimited pass for cineworld as well as a railcard (I travel a lot ). Apart from this there aren't many other benefits that I would want/use. Also, like I said if I hit financial problems I have support from relatives who could easily transfer money straight to me. Although I guess it's true I can't predict what may happen in the next 3 years.