What is can i have two student bank accounts?

Yes, you can generally have two or more student bank accounts. There's usually no legal restriction preventing you from doing so. However, there are a few factors to consider:

• Benefits and Eligibility: The primary reason people get student accounts is for the perks like interest-free overdrafts, potential credit interest, and other discounts. Banks usually have strict eligibility criteria to ensure that only full-time students are benefiting. Opening multiple accounts might become an issue if each bank requires proof of enrolment, and one account might deny eligibility.

• Overdrafts: While having multiple overdrafts might seem appealing, it is not generally recommended. It could make managing your finances more difficult, and reliance on overdrafts can lead to debt problems after graduation. Consider the financial%20responsibility aspect.

• Account Management: Managing multiple bank accounts requires more effort. You'll need to keep track of balances, transactions, and any fees associated with each account.

• Credit Score: Opening and closing multiple bank accounts within a short timeframe could potentially impact your credit score. However, it's unlikely to have a significant negative impact unless you are applying for credit frequently.

Reasons for having multiple accounts:

• Different Perks: Different banks offer different benefits. You might choose to open accounts with multiple banks to take advantage of the best features from each.
• Budgeting: Some students use multiple accounts for different purposes, such as one for living expenses and another for savings.