Many banks offer student accounts whilst you are studying with interest-free overdrafts but not all of them transfer into a graduate account automatically when you graduate and you could end up with a stack of chargers if you are not careful. Graduate accounts typically offer 3 years interest-free overdrafts from the date of your graduation which vary in amounts. It is wise to select the graduate account with the longest and largest interest-free overdraft to avoid charges if you are in debt and if you are not you can use the overdraft to make you money through 'deficit banking' which involves using the money from the 0% interest overdraft and investing it in a high interest savings account.
Remember the bank you had a student account with may not necessarily have the best graduate account.
To explore the best graduate bank accounts and for further information see moneysavingsexpert.com
