More than 230,000 graduates left university in debt this summer, according to new research.
The Fair Investment Company claims nearly a quarter-of-a-million graduates could be hit by overdraft charges now that they have finished studying.
Ed Kendall, spokesperson for the company, said: "Graduation is a big step ahead into a new phase of your life."
"It's also a great opportunity to take a step in the right direction to get your finances organised," he added.
He said that the least students can do to keep on top of their finances was to closely monitor bank charges, but recommended shopping around for a better graduate account deal.
According to statistics released by the Office of Fair Trading, six per cent of current account customers switched to another bank in the last 12 months.
New research by Liverpool Victoria found that parents with children over 18 spend £233 billion on their kids during adulthood.
