The Student Bank Account

Living

Once you’ve got your acceptance letter in the post its a pretty good idea to go set up your first student bank account. High street banks offer loads of great deals for students including overdrafts and discounts to save you from bankrupting yourself too much. Signing up is usually relatively easy, you can do it online or take in your acceptance letter and some ID to your local bank and they’ll get you all set up. So listed below are the benefits that 5 main banks so generously offer their student customers…

logo-lloyds-bank-print-horizontal

Benefits:

  • Free NUS extra card for three years
  • A Planned Overdraft (no fees/interest) of up to £1,500 in years 1-3 and £2000 in years 4-6
  • Mobile and contactless payments
  • Free everyday banking
  • Offers including up to 15% cash back deals

Eligibility:

  • Must be 17 and over
  • Resident in the UK for at least 3 years
  • Studying a full time course that lasts a minimum of two years or a one year course that leads to a full-time degree

More info: www.lloydsbank.com

 

 

Nationwide-logo

Benefits: 

  • Interest free overdraft, £1000 in first year, £2000 in second and £3000 in third
  • Mobile and contactless payments
  • Earn interest on your money
  • Entered into prize draw to win £15,000 to help pay for your student accommodation

Eligibility:

  • Must be 18 and over
  • UK resident for three years
  • Do not have a student account elsewhere
  • Accepted on a full-time UCAS course in the UK for a minimum of two years
  • Be within two months either side of your course start date

More info: www.nationwide.co.uk 

 

santander-logo

Benefits: 

  • Free 4 year 16-25 Railcard
  • Interest free overdraft up to £1,500 in years 1-3 and £2000 up to year 5
  • Access to their 1|2|3 World offers (savings on travel insurance etc.)
  • Mobile and contactless payments

Eligibility:

  • Must be 18 and over
  • Live in the UK
  • Do not have a Santander current account
  • Enrolled or about to start your first year of an undergraduate course that lasts 2 years minimum

More info: www.santander.co.uk

 

logo

Benefits:

  • £500 overdraft when you open your account
  • Personalised contactless card
  • Fee-free overdraft of up to £3000 (provided you meet the criteria)
  • Earn cashback with major brands like Nike and Apple

Eligibility:

  • Must be 18 years and over
  • Live in the UK
  • Plan to make the account your main account
  • Studying an undergraduate qualification for at least 2 years or postgraduate for 1 or more years

More info: www.barclays.co.uk

 

HSBC_logo

Benefits:

  • £60 Amazon gift card and a year of Amazon Prime benefits
  • Interest free overdraft of up to £3000
  • Student credit cards
  • Student Exclusive offer and discounts

Eligibility:

  • Must be 18 and over
  • Resident of the UK for at least three years
  • Do not have a student account elsewhere
  • Studying a full time course for at least 2 years
  • Postgraduates must have completed an undergraduate course in the UK in the last three years

More info: www.hsbc.co.uk

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