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International students in the UK are having a hard time finding student bank accounts.
While UK residents can opt for special offers to come with their students accounts, international students are left with no options but to save their money and hope for the best.
So far only Santander, the Spanish bank, provides international students in the UK with special services. With the promise of receiving at least £50 a month, a student can get up to 3.00 AER/2.96% gross (variable) on balances up to £500 a month.
However, these can only be acquired after the students have been living in the UK for over 3months. Olivia Rastoin, 20, a French student at Edinburgh Napier University says “the most annoying thing is that I can’t get an overdraft, which can be hard when living a student life”. She adds that “having a larger interest rate and free bonuses like rail cards would be very welcome but just aren’t available for overseas students like me.”
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24,034 students from all over the UK are registered to unite in London today to march together against the government’s proposed plans for higher education. The government proposed a rise of tuition fees up to £9,000.
More then 1000 of these students have taken busses down from Scotland to protest against the consequences the rise of tuition in England will have on Scotland.