Get real lads
Good god. The posters so far don't seem to understand the issue.
Students are given interest free overdrafts so banks get their business. Many students are stupid enough to go over the agreed free level and incur lots of charges. Others however are clever enough to use the system effectively and treat is as the safety net it is.
All other banks ween students off this overdraft by taking the level of 0% lending down each year. I.e. when you leave uni, your student account becomes a graduate account. Over the next 5 years (or similar) your interest free overdraft is eroded. HSBC have chosen to cut it out full stop as soon as they leave uni. Does this not strike you as a sneaky way for them to screw money out of people when it goes against the trend of the industry?
Biting the hand that feeds IT
