Anorak | HSBC Teaches Students A Lesson About Debt

HSBC Teaches Students A Lesson About Debt

by | 22nd, June 2007

students.jpg YOU can’t help but bear ill will towards students.

With their loud parties, overuse of irony and non-existent hygiene, not to mention their precious youth and the fact that they have most of their lives still ahead of them. What’s not to dislike? Or at least be jealous of?

Well HSBC have decided to wipe that smug and sarcastic smile off students’ spotty faces (that’s enough ed) by announcing the scrapping of free overdrafts for students fresh out of university.

Banks have, traditionally, allowed new graduates time to clear their debts by offering a gradual reduction in the free overdraft facility over the first three years after college.

But now graduates who bank with HSBC will be forced to pay almost 10 per

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Posted: 22nd, June 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink