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Student vs Graduate bank accounts

  • 29-08-2014 4:35pm
    #1
    DS86
    Closed Accounts Posts: 79 ✭✭


    Just wondering what the differences are between these two accounts in general? Also what is the maximum that one with a third level degree who is still doing postgraduate education for 1-2 years apply for without a guarantor? The maximum with my bank for a student account is €600. Would this be same for a graduate account?


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,566 ✭✭✭JTMan


    Are you referring to current accounts?

    Which bank are you referring to?

    The difference between a student current account and a graduate current account is simply that the graduate current account is for those inside 2 years after graduation.

    There is no maximum for a cash balance in a student current account.


  • #3
    Cushie Butterfield
    Registered Users, Registered Users 2 Posts: 1,862 ✭✭✭Cushie Butterfield


    DS86 wrote: »
    Also what is the maximum that one with a third level degree who is still doing postgraduate education for 1-2 years apply for without a guarantor? The maximum with my bank for a student account is €600. Would this be same for a graduate account?
    I presume you mean overdraft or personal loan?

    Graduate accounts usually come with discounted lending rates. Check your particular banks website for terms & conditions, but it would normally at that stage depend on your employment & income status. Ideally a graduate would be in employment so normal lending criteria would apply, in other words if the bank consider that you can afford the repayments they will lend you whatever amount you want.

    Edit: To add, if you are studying as a postgrad student you would probably still be eligible for a student account. Again, check your bank's website for terms & conditions.


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