Santander is offering a £50 sign-up bonus to university-goers who open a Student Current Account before 30 June, in a revival of the student cash bonus.
Lenders paid out £500 million compensation in March to victims of payment protection insurance (PPI) mis-selling, the highest single month of redress in 2012 .
RBS has set aside an additional £125 million to cover payment protection insurance (PPI) claims, as the realisation of the true scale of the mis-selling scandal grows by the day.