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NatWest Logo
NatWest Student FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £3,250
No interest paid on credit balances
Opening incentive available
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income:
Minimum / Maximum Age
Min 17 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£250

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 4 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 4 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £2000
Year 2
Up to £2000
Year 3
Up to £3250
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
Up to £1.55
Grace Period
14:30 same day
Monthly Maximum Charge
1.55
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£2.15
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Food and drink - preferential terms
- Receive a Tastecard, valid for 4 years giving 50% off food or 2 for 1 meals, plus offers on entertainment and shopping.
Royal Bank of Scotland Logo
Royal Bank of Scotland Student FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £3,250
No interest on credit balances
Opening incentive available
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income:
Minimum / Maximum Age
Min 17 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£250

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 4 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 4 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £2000
Year 2
Up to £2000
Year 3
Up to £3250
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
Up to £1.55
Grace Period
N/A
Monthly Maximum Charge
1.55
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£1.55
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Food and drink - preferential terms
- Recieve a Tastecard, valid for 4 years giving 50% off food or 2 for 1 meals, plus offers on entertainment and shopping.
Lloyds Bank Logo
Lloyds Bank Student FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
2.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £2K
Overdraft rates dependent on credit rating
Earn up to 15% cashback with Everyday Offers
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 0.0% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 17 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £5000.00
1.98%
2.00%
£5000.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.50 (Fee for payments in Euros within the EEA). £0.00 (Fee for payments in Euros within the EEA) / £0.50 (Fee for payments in Euros within the EEA)
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£1.50 (Lower fee for withdrawals made within the EEA) / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 5 days 7 days
Get internet banking 1% 2 days 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 5 days 7 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1500
Year 2
Up to £1500
Year 3
Up to £1500
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Day
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
0.00
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%-49.90%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card. Customers must be over 18, be registered for internet banking and activate the offer to be eligible.
Bank of Ireland UK Logo
Bank of Ireland UK Student Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.50%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No account fee
Overdraft limited to £1.5K when course is 3 years or less
Interest paid on credit balances
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.50%
0.50%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
No min, max £1.50 (Lower fee for payments in Euros within the EEA) / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 1% 4 days 29 days
Get a debit card 0% 9 days 31 days
Get internet banking 0% 1 day 7 days
Get an overdraft 0% 12 days 15 days
Replace a lost debit card 0% 6 days 57 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £3000
Year 2
Up to £3000
Year 3
Up to £3000
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:00 same day
Monthly Maximum Charge
30.00
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Mortgages - preferential terms
- Eligible for exclusive mortgage deals.
Preferential terms for currency, travellers cheques or other travel money
- Commission free travellers cheques and currency.
Halifax Logo
Halifax Student FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.50%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £1.5K
No interest free overdraft repayment option following graduation
Earn up to 15% cashback via Cashback Extras
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 0.0% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.50%
0.50%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.50 (Fee for payments in Euros within the EEA). £0.00 (Fee for payments in Euros within the EEA) / £0.50 (Fee for payments in Euros within the EEA)
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
No min, max £1.50 (Lower fee for payments in Euros within the EEA) / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 5 days 7 days
Get internet banking 2% 2 days 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 5 days 7 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1500
Year 2
Up to £1500
Year 3
Up to £1500
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Day
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
0.00
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card. Customers must be over 18, be registered for internet banking and activate the offer to be eligible.
AIB (NI) Logo
AIB (NI) Student+ Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Not Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £1,850
No interest paid on credit balances
Student advisers offering guidance on managing finances
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
Min 0.00%, max 1.50% (Lower fee for payments in Euro. Higher fee for payments in any other currency) / Min 0.00%, max 1.50% (Lower fee for payments in Euro. Higher fee for payments in any other currency)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 85% 1 day 10 days
Get a debit card 0% 8 days 14 days
Get internet banking 0% 17 days 26 days
Get an overdraft - - -
Replace a lost debit card 0% 5 days 20 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1850
Year 2
Up to £1850
Year 3
Up to £1850
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:00 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Adviser offering financial services
- Free specialist advice service.
Loans - preferential terms
- Discounted rates on loans.
Preferential terms for currency, travellers cheques or other travel money
- No commission charges on foreign currency notes transactions.
Bank of Scotland Logo
Bank of Scotland Student Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £2K
No interest paid on credit balances
Earn up to 15% cashback with Everyday Offers
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 0.0% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 17 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Account Sweeping
Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.50 (Fee for payments in Euros within the EEA). £0.00 (Fee for payments in Euros within the EEA) / £0.50 (Fee for payments in Euros within the EEA)
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
No min, max £1.50 (Lower fee for payments in Euros within the EEA) / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 5 days 7 days
Get internet banking 2% 2 days 4 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 5 days 7 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1500
Year 2
Up to £1500
Year 3
Up to £1500
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Day
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
0.00
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card. Customers must be over 18, register for internet banking and activate the offer to be eligible.
Barclays Bank Logo
Barclays Bank Student Additions FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £1.5K
No interest paid on credit balances
Eligible for Barclays Blue Rewards
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Account Pooling
Cheque Book
Direct Debits
Offset Option
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 92% 1 day 11 days
Get a debit card 0% 7 days 10 days
Get internet banking 0% 4 days 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 5 days 7 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1000
Year 2
Up to £1500
Year 3
Up to £1500
Unarranged Overdraft
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- Eligible for Barclays Blue Rewards. Eligibility criteria applies: £5pm charge, £800pm funding, 2 monthly DDs paid out, must be registered for online or mobile banking. All customers receive a monthly loyalty reward of up to £5pm, exclusive access to members only savings accounts & earn cashback with Barclays Cashback partners. Mortgage customers receive an additional £3pm mortgage loyalty reward for the mortgage term. Unsecured personal loan customers receive an additional £1pm loan loyalty reward for the loan term. Earn £1.50pm when life insurance taken out and £5pm for life insurance with critical illness cover paid for a maximum of 12 months and only on one policy. Paid into a digital Rewards Wallet linked to a selected Barclays c/a.
HSBC Logo
HSBC Student Bank Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £3K, guaranteed at £1K on opening
No interest paid on credit balances
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
2.00% (Min £1.75, max £5.00) / 2.00% (Min £1.75, max £5.00)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 39% 1 day 7 days
Get a debit card 0% 6 days 14 days
Get internet banking 0% 6 days 7 days
Get an overdraft 99% 0 days 0 days
Replace a lost debit card 0% 3 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1000
Year 2
Up to £2000
Year 3
Up to £3000
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
N/A
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Rewards website
- Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC home&Away.
Nationwide BS Logo
Nationwide BS FlexStudent FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest free student overdraft of up to £3K
Funding of £500 per academic term required
Accounts can be open via branch
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £500.00 Per Academic Term
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 21% 6 days 13 days
Get a debit card 0% 8 days 13 days
Get internet banking 0% 9 days 14 days
Get an overdraft 0% 8 days 13 days
Replace a lost debit card 0% 6 days 12 days
* Once all requested documents and information have been received.

Overdrafts

Student Overdraft
Student Overdraft Available
Year 1
Up to £1000
Year 2
Up to £2000
Year 3
Up to £3000
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
0.00%
0.00%
£0.00
Data as of: 31 March 2024
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
0.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£0.00
£0.00
£0.00

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Note

Our data experts work tirelessly to make sure the rates and information we show are up to date and correct. Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfactscompare.co.uk. None of these arrangements affects our independence.

Depositor Protection

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme (FSCS) up to a maximum level of protection of £85,000 per person per institution. All new savings or bank accounts provided to UK customers are now covered by the FSCS.

Disclaimer

All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

A guide to student bank accounts

At a glance

  • Student bank accounts offer interest free overdrafts that can make a big difference to students struggling to make ends meet.
  • Don’t be tempted by freebies; you’ll want a student account that offers benefits throughout your course.
  • If you’re sure you won’t need to borrow money, look for an account that offers in-credit interest or cashback instead.

What is a student bank account?

A student bank account is a type of current account that’s exclusively available to those in higher education. It lets you keep your money in one safe place while still being able to spend it and add to it at any time.

Like normal current accounts, some will offer an arranged overdraft facility. This is a means of borrowing money using your account. While most current accounts charge interest on the amount borrowed, student bank accounts tend to come with low or even no overdraft charges.

Some student bank accounts will even offer incentives to try and entice new customers. However, make sure to consider all aspects of an account before applying, not just the freebies.

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Do you need a student bank account?

While you don’t need a student bank account specifically, you will need a bank account for your maintenance loan to be paid into. If you choose not to have a student account, you may be missing out on any incentives or interest-free overdraft facilities being offered.

Pros and cons of student bank accounts

  • Usually no account fees to pay.
  • Often come with freebies designed to appeal to students.
  • Some may pay you interest on the money you have in the account.
  • No or lower than usual overdraft charges.
  • Student overdrafts are generally much cheaper and easier than borrowing on a credit card.
  • Can switch at any time if you find a more competitive deal.
  • May not be the most competitive for those who never go into the red.
  • May come with certain requirements, such as to deposit a certain amount per term/every quarter or half year.
  • Improper management could have a negative effect on your credit rating.
  • If you don’t take note of the end of the 0% overdraft term, you could risk staying in the red once you graduate and start having to pay high charges.

Which student bank account is the best?

Best for overdrafts

A low or interest-free overdraft facility is an essential many students look for in a bank account. Although most student bank accounts come with an overdraft facility, there are a number that stand out. As of 2023, student accounts from HSBC and Nationwide BS offer some of the most generous overdraft allowances.

With both HSBC’s Student Bank Account and Nationwide BS’s FlexStudent account, you can apply for an interest-free overdraft of up to £1,000 in your first year, up to £2,000 in your second year and up to £3,000 in your third year.

Best for incentives

Providers may offer perks in order to entice students to apply for their bank account. These incentives can range from free, upfront cashback to subscriptions to apps and discount cards. Ultimately, the best student bank account for incentives will depend on which of these freebies you’ll find most useful.

If you’re looking for free cashback, as of 2023, HSBC offers £100 for opening its student bank account. In addition to this, its Student Bank Account also includes a one-year subscription the mindfulness app, Headspace.

Meanwhile, Santander renewed its longstanding perk of a four-year 16-25 railcard for another year. The railcard saves you a third off a wide range of train journeys throughout Great Britain. Visit our article on the top student bank account perks of 2023 for more detail on some of these offers.

Sending money abroad?

Find out how to send money abroad easily, securely and quickly using an international money transfer specialist. Our guide explains how it works and the costs involved.

FAQs

How to open a student bank account

Most student bank accounts can be opened online via the providers website, while some can also be applied for in branch, over the phone, by post or using a mobile banking app.

When applying, you’ll need to provide proof of address and ID, as well as confirmation of your place at university. This means you’ll be asked to show either proof of A-level results meeting the conditions of an offer or an acceptance letter from the university you’ll be attending.

Can you switch student bank accounts?

While you can switch your student bank account, you should check if there are any restrictions in place before doing so. For example, some accounts require you to remain with your bank for a set period of time in order to access any incentives.

It should be noted that any time you apply for a new student account, the provider will run a credit check, and this will appear on your report.

Can you have more than one student bank account?

Although you can open multiple basic bank accounts, most providers will restrict you to only holding one student bank account at a time.

What happens once you finish your course?

Once you’ve finished your course, your student bank account will automatically revert to either your provider’s ‘normal’ current account or change to a graduate account. Graduate accounts may continue to offer a low or interest-free overdraft facility which decreases over time, giving you the opportunity to reduce the amount borrowed before you’re required to pay interest on it.

You’re not obligated to stay with the same provider once you graduate; just as you can switch student bank accounts, it’s possible to move graduate accounts to another provider. In fact, it’s a good idea to shop around when you’re nearing the end of your studies to find the best graduate account for your needs.

Image of Ella Mower

Ella Mower

Senior Content Writer

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Disclaimer

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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.