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  • Helping skint students care for their cash
  • Helping skint students care for their cash
    Thomas Hawk, Creative Commons (2009) ©
CASE STUDY

Loot: banking on students

People who manage their finances online still aren’t benefiting from the money they’re saving their banks. Loot wants to change this, offering students an app and debit card combined with personalised advice and retail offers. But can it really help the 80% of university-goers who fret about debt?

Location United Kingdom

Scope
The banking world might have been turned upside down in 2008, but in the eight years since, the industry still hasn’t fully embraced new technology. And those customers who‘ve taken up the limited digital options available have yet to reap the rewards from the money they’re saving their banks. [1]

Loot wants to change this. It’s a banking app and debit card offering personalised money management advice and exclusive retail offers to students. But can it really help the 80% of university-goers who worry about making ends meet? [2]

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