ways to make money

Oh and one more thing, sorry but I didn't understand the term "kiting checks" what does this mean Jespah? It's a new term to me.

See: http://www.investopedia.com/terms/k/kited.asp
It's #2 I'm talking about, as you may be writing checks against funds you don't really have.

Also, the bank is going to be less than thrilled if/when it figures out you're doing this. They are giving you overdraft protection which is intended to cover slightly rubber checks (e. g. you have $200 in the account and write a check for $205), but it's not intended to be a long-term loan. When banks want to loan people money, they do research and have the person they are lending the $$ to go through a credit check. This is to be sure that you are a good risk for paying off the money. They will not loan money to you, or they will loan less money to you, if they think you are a less than optimal risk.

At the risk of surrounding arrogant!... the risk involved here is not a big issue for me as true for all other UK students with a student account, the interest free overdraft is automatically available to all students if they would like it - offered as part of promoting the bank's services. I'm not sure whether I will be kiting checks by taking out the loan and investing it in view for profit. However I am assuming you are more expert than me and thank you for your reply, you've prompted me in my mind to check this out with HSBC before i actually do anything! It would be a shame to start Uni life behind bars...

Very interesting.