MP4 Player - Targeting Student Cash

An MP4 player is the latest must-have gadget, and banks know how to entice students by offering free MP4 players as an incentive to set up accounts.

Every year banks find ways to target the new student influx, with a host of offers and tempting goods. And MP4 players are the latest must-have gadget. So it’s not surprising some of the mainstream banks offered a free MP4 player to students who’d sign up for bank accounts with them. Banks fall over themselves to make sure they tempt students as future customers offering gadgets like a free MP4 player. But a free MP4 player shouldn’t be the basis of joining a bank, and as the credit crunch hits and the economy gets tough, the 300,000 plus students who start degree courses every year need to do some financial homework if they want to control the massive student debts they face.

Free MP4 Player – Tempting but do your Research

A free MP4 player might be a pretty cool gadget to have, especially when you’re a cash-starved student who can’t afford to buy the latest portable devices. It’s been estimated the average student debt is around £15,000 thanks to the tuition fees and living costs over the usual three-year study period. Big banks routinely offer tempting freebies such as i-Pod shuffles, a 512mb MP4 player, free CDs and a five-year Young Persons Railcard. But financial advisors warn not to be swayed by free MP4 players – but to look at the cost of the current account in question – you could end up being charged more than the MP4 player cost. A competitive interest-free overdraft should be a bigger priority than a free MP4 player, no matter how tempting it sounds. If you exceed your overdraft limit without making an arrangement with your bank, you could be charged a whopping 30 per cent in interest.

Studying the small print

So the advice is not to get distracted by free gifts like an MP4 player, no matter how attractive it might be, but to look at the cheapest way of maintaining debt through overdraft deals, interest rates and bank charges. If you really want the MP4 player, spend some time weighing up the pros and cons of the bank account so you don’t end up making a costly mistake.

Looking for an MP4 Player? Speak to Big Box Products

Big Box Products are a UK company who specialise in providing the latest gadgets to the consumer. Offering a fantastic array of technology at a great price, Big Box Products are delighted to be considered one of the UK’s leading suppliers of gadgetry. Offering everything from MP4 players to digital photo key-rings, Big Box Products have one of the most comprehensive arrays of gadgets on the web. To find out more about the MP4 players and variety of gadgets on offer from Big Box Products, just fill in our online enquiry form and we will get back to you.

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