Students Advised to ‘Cash In’ on Bank Offers - Free Financial Comparison Service Launched for Australian Students

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Many students are overpaying for basic banking by not taking advantage of special student only deals which offer zero account fees, low rate credit cards and student loans, and programs that assist students with their savings goals, warns financial comparison website mozo.com.au.

“Not only is it important for students to get the right banking products but it is equally important for them to take an interest in money matters and developing good financial habits."

Many students are overpaying for basic banking by not taking advantage of special student only deals which offer zero account fees, low rate credit cards and student loans, and programs that assist students with their savings goals, warns financial comparison website mozo.com.au.

Mozo.com.au is encouraging all new and current university students to shop around and compare banks to ensure they are getting the best deal for their student banking needs.

“For many students this is the first time in their life they are independently managing their finances,” said Rohan Gamble, managing director of mozo.com.au. “If they are not savvy about their finances they can easily find themselves paying unnecessary bank fees and for services they don’t really need.”

To help students in their search, mozo.com.au has launched a student focussed section of its website called the Student Room. The Student Room provides free and easy to use comparison tables on all major banking products for students such as bank accounts, debit cards, credit cards, personal loans and savings accounts. The site also contains bank reviews, a financial jargon buster, a range of free online calculators and advice.

“Not only is it important for students to get the right banking products but it is equally important for them to take an interest in money matters and developing good financial habits.”

“Our Student Room has a range free online tools to help students navigate the money maze including information on top student banking products, budget and debt calculators and real bank reviews from other students.”

The Mozo Student Room can be found at: http://mozo.com.au/students

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Kylie Moss
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