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Student Account

An account that helps you make the most of student life.

You may only have one student account open at any given time.

• Switching

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  When you switch your current account from your current bank or building society, we do all the hard work for you.

  • Payments are transferred automatically.

    All your Direct Debits, standing orders and bill payments will be automatically transferred.

  • Payments are redirected for 3 years.

    Any payments into your old account will be redirected to your new account for the next 3 years.

  • If there are any problems, we guarantee we'll cover you.

    If anything does go wrong, we guarantee to sort it out for you and cover any losses you might incur. This is covered in the current account switch guarantee.

    Read more about switching
  • If you have a Student account with another bank you will need to switch this to us.

  
• Charges and fees

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  Account and fees

  • There is no monthly account fee.
  • No informal overdraft charges
    • You’ll pay debit interest if you go over your agreed overdraft limit.

  Other charges

  There are other charges, including:

  • Foreign transaction services, such as using your debit card abroad.
  • Electronic payments, such as CHAPS.
  • Other services, such as copies of your statement.

  Go to all other charges
• What happens after graduation?

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  The first year after you graduate

  • For the first year after you finish your degree, your overdraft will be interest free and there will be no monthly account fee.

    We will treat the end of your final year as the end date that was supplied as part of your application.

    • If your course end date changes you'll need to let us know.

  1 year after the end of your final year of study

  Your account will convert automatically to our Current Account. We'll send you a letter to remind you about this 2 months before it happens.

  • 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 graduating to avoid incurring informal overdraft charges.

    If you wish to keep your formal overdraft you can call us or visit in branch to apply.

  • Approval is based on a credit check, an assessment of your personal circumstances and is subject to status.

  • You'll be charged debit interest on your overdrawn balance.