Buzz People

Students risk overdraft debt spiral

Consumer groups have highlighted their concern over the "significant minority" of students facing overdraft debts on a regular basis.
Two separate reports are alerting undergraduates to the risks of a debt spiral, although they also note many are confident managing their money.
After A-level and vocational results in recent days, many teenagers will now be considering further education funding.
That means choosing from an array of student bank accounts.
Consumer group Which? said that providers were tempting new students with perks ranging from railcards and Amazon vouchers to more traditional competition between interest rates.
Using student recommendations and its own product analysis, the consumer group judged Santander and Nationwide as providing the best student accounts.
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