F**king Halifax. My girlfriend opened a student account with them when she started Uni (4 years ago). She got a job as a teacher last September and worked out that she could pay off the £3000 in 12 months, unfortunately it didn't quite work out like that and she's managed to knock out about a grand of the debt. she went in yesterday to pay in a cheque and whilst she was there decided to as when the interest charges would kick in only to be told that as of October the student account would be changed to a normal current account and she would be charged £1 per day in overdraft fees. Being less than impressed I told her to go back and talk to the manager as she'd not been told at any point that this was going to happen. Anyway, the manager told her that it might be better to take out a loan for £2000 to avoid paying £30/month in charges. Seems sensible enough, until they offer a loan at 30% APR. 30 bloody %! In contrast my Natwest Student account with a £1600 overdraft reverted to a graduate account with a £2000 overdraft fee-free for life and the interest-free element decreases by £500 per year. With a minimal amount of interest anyway (around 5% IIRC). Anyway in the end she went next-door to Lloyds TSB and opened a graduate account with a £1500 fee-free overdraft with no interest for a year. So my advice to any students (or would be students) would be to switch your account to somewhere else before you get stung, or to just not open a student account with Halifax. Absolutely takes the ****.