I went to university in 1969.
I am from Burnley, & therefore had never heard of a current (cheque) account, as I was & am Working Class. We only had cash.
Consequently, as I had received this mysterious bit of paper from the government saying 'pay me about £3000', I was told I needed a current account into which to pay it. I was clever in those days, so I went into a bank (NatWest) on campus. (Another first for me). They made me a current account & gave me a cheque book & a gift of a fluffy toy & a clipboard with NatWest printed on it. I had to pay the university about half of the year's grant money for my course fees & accommodation. I understand the system's rather different now, but nm.
The rest was apparently for books, food, beer, spirits, beer, drugs, going to Rock Concerts, emergency beer, & for buying nice-looking girls extra beer, & sometimes a Brandy & Babycham if they hadn't had enough beer or drugs for them to come up to my room immediately.
Worked out fine. I liked the idea. It was cool. Much Better than being at school.
After 3 years of this (plus one year when I had to live in Paris as an Assistant de Langues, where they paid me even more beer & drugs & paying for girls' drinks money, I graduated. (2.1 in English & Modern Languages, btw.)
In late1973 when I left university I was £80 overdrawn. Somebody gave me a cheque for £50, so I went to the Natwest in Lancaster to pay it in, & requested the £50 in cash, please, as I was skint but had good prospects?
The clerk (presumably not a Graduate), took my cheque & chequebook, credited the £50, then in front of everyone else there, ripped my chequebook in half & said; 'A bank isn't a charity, you know, Scruffy Hippy! Come back when you've got the £30 you owe us.'
I've never forgotten that to this day.
He's probably just retired on a £5million pension. Or hopefully, died in agony in squalor many years ago. I fecking hate bankers. (Present company excepted, of course).
I may be bonkers but at least I'm British.