The main difference between current and student accounts is the overdraft facility. Some student accounts allow overdrafts of up to £3,000, interest free. This means that you don’t have to pay interest on anything within the authorised overdraft limit while you’re a student.
But remember, this isn’t free money. After you graduate you still have to repay everything you have borrowed.
The Money Advice Service offers a wide range of guidance on student and graduate bank accounts, we would suggest you check what the bank is offering you and ensure it meets your requirements before opening an account.
Read more at https://www.canterbury.ac.uk/new-students/before-you-arrive/budgeting-as-a-student.aspx#collapseFive#7ycYHuCkLCcsxEVI.99