Monthly Student Account Charges
Many banks offer accounts that cater specifically to people who are at university. The student account benefits often include lower, fixed monthly bank account charges. We’re setting our accounts up a little differently. A Bettr Account will have no monthly fee. Having an account is free. How? By not having branches, or manual administration, we’re cutting costs that most banks have. This means we don’t need a monthly account fee from you to help us cover these overheads.
Our virtual banking will not only save you money, it will save you time and effort. With a Bettr Account, you’re in complete control and can do anything you need to do from the mobile banking app – from opening an account and setting limits, to getting statements and freezing your card. Should you need help, you can video call us directly from the Bettr mobile banking app.
Every cent counts when you’re on a student budget and so making sure that you’re not wasting your monthly allowance on bank account charges and transactions is a simple way to save. Typical student account benefits often include a set number of free transactions. With a Bettr Account, certain transactions will be charged for, but others are always free – like local swiping and all Bettr-to-Bettr transfers. By hacking our pay-as-you-transact model, you could be paying zero to very little for your monthly transactions.
Save Money and Earn Interest
When you’re on a student budget, putting money aside seems just about impossible, but the Bettr banking app, is also a savings app. If you want to save for a car or a trip abroad, you’ll be able to save online, stashing small amounts on a daily basis towards your goal, and barely feel it. And whatever you save, you’ll earn up to 1% p.a. interest. Most university accounts don’t pay any interest on the balance in your account.
This is a big one. When you need your parents to send money to your university account for a textbook, or need your friend to pay you back for those tickets you bought, you need the money now. Not in 48 hours from now. All Bettr-to-Bettr transfers are instant, so with our virtual banking, you’ll never have to wait for money again.
Soon you’ll be able to open a bank account with Bettr and enjoy features that outweigh the usual student account benefits from a traditional bank. Until then, you can join our community, and help build the future bank we all want to use.