With the help of our customers and colleagues, we’ve raised £2 million (correct as of February 2022) to help fund the Centrepoint Helpline, which offers support to young people across the UK who are experiencing or facing homelessness.
As well as committing to becoming a lifetime carbon neutral bank, we’re proud to be an ambassador for Zero Hour — the campaign group behind the Climate and Ecology Bill which will provide stronger legislation to tackle the climate-nature crisis.
we’ve not just been helping customers with their money — we’ve also been helping them fight for the causes they care about. This is one of the reasons why we launched our customer-led Ethical Policy in 1992, which has been shaping our ethical commitments ever since.
Heading to university or college? You can apply for our student account:
Check if you're eligible
As well as having a confirmed place on a full-time course, there are a few other conditions you’ll have to meet before you can apply.
Apply using our online form
If you’re eligible, fill in our online form below, and send us proof of your confirmed course place. This could be a UCAS AS12 letter, or a confirmation letter from your college or university which states your start and end date.
Wait to find out if you’ve been accepted, then activate your overdraft
If successful, we'll send out your welcome pack, debit card, and PIN — you’ll also be able to activate your arranged overdraft when you deposit at least £300 into your account within 28 days after your account’s been opened.
You can only have one student account at a time
If you have a student account with another bank, you’ll need to switch to us after you’ve opened your Co-operative Bank student account. You can do this by calling us, or visiting us in branch.
You must pay your student loan or other funding into your student account. If you don't, we might convert your account to our standard Current Account and you could lose your student overdraft.
Your student account comes with an interest-free overdraft that you can request to increase each year you're studying. You could get:
There is no monthly fee. You'll only be charged debit interest if you go over your agreed interest-free overdraft limit.
You’ll need to contact us to request an increase to your overdraft limit. Your overdraft limit will not automatically increase in your 2nd, 3rd, or further years of study. Approval will depend on an assessment of account conduct and a review of regular funding. You'll be charged debit interest if you go into an unarranged overdraft.
You cannot request an increase to your arranged overdraft above the interest-free overdraft limit applicable to your year of study. You must make regular payments into your account to reduce the amount you owe.
If you want your overdraft to be made available to you, at least £300 needs to be paid into your student account within 28 days of the date that your account was opened.
This amount needs to remain in your account for 48 hours, after which your overdraft will be made available to you automatically.
If you want your overdraft to be made available to you and it's been more than 28 days since the date your account was opened, you'll need to call us.
Overdrafts are intended for short-term borrowing and not suitable for long-term borrowing.
An arranged overdraft is a set amount you've agreed with us in advance. You'll only be charged debit interest if you go over your arranged interest-free overdraft limit.
You'll go into an unarranged overdraft if you go over your arranged limit or your account balance falls below £0 without an arranged overdraft in place. You will be charged debit interest for going into an unarranged overdraft.
Your payments might be refused if you try to go overdrawn without having arranged an overdraft.
Any type of borrowing shows on your credit file. However, an unarranged overdraft shows as arrears which can negatively impact your credit file and may make it harder for you to obtain credit in the future.
You'll only be charged debit interest if you go over your agreed interest-free overdraft limit.
Removing your arranged overdraft
If you already have an arranged overdraft with us but would like it to be removed, you can request this by contacting us.
Text alerts when you go into your overdraft
To help manage your money and avoid or minimise paying debit interest, we send overdraft text alerts if you go into or you're about to go into an arranged or unarranged overdraft. We’ll also send alerts if you have payments due that may not be paid.
As long as we have your mobile number, you'll be automatically opted in for overdraft text alerts. You can opt out of arranged and/or unarranged overdraft alerts at any time by contacting us.
The representative APR provided can enable you to compare the costs across different products and providers.
Based on the representative example above, if you didn't pay it back for
you would owe a total of
To apply for our student bank account, you need to:
We accept students with a place on:
Please note: if you only have a conditional offer, you need to wait until your place has been confirmed (after you get your exam results) to apply.
At this time, we do not accept applications from students on Open University courses or apprenticeships.
Approval is based on a credit check, an assessment of your personal circumstances and is subject to status.
You’ll need to let us know if your circumstances or end date change. Call us on 03457 212 212 and we will make the relevant changes to your account. You may need to provide evidence confirming your new end date. Call charges
As well as filling in our online application form, you’ll need to send us evidence of your confirmed course. Your application will be delayed if you don’t do this.
You should read all the important documents below carefully and save copies of them for future reference. They contain all the information you need in order to consider whether this account meets your needs, and set out the terms on which we will provide the services to you.
If there’s anything you don’t understand, you should ask us for further information before proceeding. The documents also explain how your personal information will be used, and your rights in relation to that use.
We recommend completing this form using a desktop device.
You may need to provide proof of identity and proof of your home address (not your term-time address). If this is required, we’ll write to you to let you know. Please don’t send these to us by email as we’re unable to accept them electronically.
We aim to reply to you within 7 working days of receiving your application. If successful, we'll send out your welcome pack and debit card. We’ll also send your PIN separately.
Remember — to activate your overdraft, you’ll need to pay in at least £300 within 28 days after your account has been opened. The funds must remain in your account for 48 hours, after which your overdraft will be applied automatically.
If you already have a current account or another student account with a different bank, you can apply to switch to us as soon as you’ve opened your Co-operative Bank student account. Please note you can only have one student account open at any one time.
With our simple switching process, all your direct debits, standing orders, bills, and payments will move to your new account with us once you’ve switched.
Once you've applied to switch, you don't need to do anything else as we’ll take care of the rest.
Switching takes just seven working days and is covered by the Current Account Switch Guarantee. This means if anything goes wrong, we guarantee to sort it out for you and cover any losses you might incur.
Your overdraft will remain interest free for one year after your course ends, during which time there will be no monthly account fee. We will treat the end of your course as the end date that you submitted as part of your application.
One year after your course ends, your account will automatically convert to our standard Current Account. We'll send you a letter to remind you about this one month before it happens.
Please note that your overdraft limit will not automatically transfer to your new account. This means you will need to repay your overdraft within the first year after your course ends to avoid incurring debit interest.
Once your Co-operative Bank student account converts into our standard Current Account one year after your course ends, you’ll need to call us or visit a branch if you want to apply to keep your arranged overdraft. Approval is based on a credit check and an assessment of your personal circumstances, and is subject to status.
If you get approved and decide to use your overdraft, you’ll be charged debit interest at an annual interest rate of 35.9% on the amount you are overdrawn by.
The Co-operative Bank reserves the right to decline any application.
Whether we can offer you credit depends on your circumstances and our lending policy. We may decline your application based on your circumstances or our lending policy. We may be able to offer a product that's different to the one advertised.
Smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).
Your eligible deposits held by a UK establishment of The Co-operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co-operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Not found what you're looking for?
Contact our support team