For all those students who are about to go to universities it is worth noting here that there are myriad of challenges apart from the parties and entertainment. And those students who are disciplined and ready to take on those challenges will come out as victorious nothing with certainty can be said about students who are lethargic and undisciplined. In the perspective of student life and university education, every student should have some sort of idea about student banks. The fact of the matter is that an average person regardless of being a student deals with these financial intermediaries on daily basis and one must be aware of all options especially when one is a student and the resources are constrained. The purpose of this article is to discuss student banks and to highlight important aspects of them.