Best student bank accounts 2015/16

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By in Student Banking. Updated June 2016.

Choosing the right student account can be a bit of a minefield… but not with our detailed comparison on what all the banks have to offer students in 2015/16!
high street banksLooking to open a student account but not sure which bank to go with or how to apply? Well you’re in the right place!

We’ll take you through all the important things to look out for when choosing a bank, plus review and compare the best student accounts this year in a clear table.

7 tips for choosing a student bank account

  1. Banks want YOU!

    Banks want youBanks are actively targeting students, more than any other group of the population.

    There’s good reason, too. Students are essentially investing in themselves to (hopefully) get a higher than average salary when they graduate.

    Whilst you may be borrowing now to fund your education, banks expect that, in the near future, you will reap the rewards and they hope that you stash your earnings away with them.

    Banks are looking to establish loyalty, and have good odds at keeping you for life once you’ve opened a student bank account with them.

    Just remember that you don’t have to be loyal, and you should switch banks if necessary to benefit from the next best deal. It may seem like too much effort, but switching can pay dividends for many students and graduates.

  2. Beware of the student bank account “freebies”

    Beware of freebiesThere’s a whole lot on offer this year but don’t be fully taken in by freebies! Short-term offers including free products, insurance, cashback rewards and other useful things may sound very appealing but you need to be smart.

    A student bank account offering free MP3 downloads worth £20 is nowhere near as good as getting a large interest-free overdraft for 3 years or more.

  3. Go for the largest student overdraft

    An arranged overdraft is a common way of borrowing money through your current account. The best thing about a student account is that money borrowed through an overdraft has 0% interest. With an interest-free overdraft you pay back nothing more than what you borrow. This is unique to student bank accounts, so take full advantage of it!

    Go for a large overdraftEven if you don’t feel like you need the full overdraft, still apply for it then take some of it out (interest-free) to pump up your savings account.

    Now you’re playing the system! You actually make money by earning interest on the borrowed money whilst you’re a student. We’re not talking mega-bucks, but for something so easy to do, it’s not a bad return!

    Beware that the 0% interest period is not forever! It only lasts a certain number of years after you graduate before interest charges set in. You’ll need to starting paying up before you start getting screwed by higher repayments. Just as importantly, don’t ever go over your arranged student overdraft limit or you could suffer hefty bank charges.

  4. Is the overdraft “up to” or “guaranteed”?

    student-questionIt’s worth noting that the advertised student overdraft limit is often the maximum you can get. This amount is usually only available in your final year at university and only to students with a decent credit rating (see below).

    For example, some high street banks attract students by offering an overdraft of “up to” £3,000. However we know that many students have claimed never to have received the full £3,000 at any point during university.

  5. Know the repayment conditions

    Student Account RepaymentIn a recent survey we conducted, 65% of students asked said they didn’t really know when they have to repay their student overdraft. Sure, you probably won’t have to repay it until after you graduate, but by then it can be too late and the sudden demand for £3,000 can be quite a shock!

    After university, most banks automatically turn your student account into a graduate bank account which deals with repaying your overdraft over a certain period. Take a look at our graduate bank account guide which lists the top accounts on offer to graduates and gives you an idea of how much money you are likely to have to pay back and how quickly.

  6. Know your credit rating

    Check credit scoreFinally, if you can find the time, it’s worth knowing what the banks already think of you (from a risk point of view). The amount of overdraft they will award you depends on your credit score (spending history, past borrowing, income stream etc).

    Luckily you now can get access to a free (30 day trial) credit report for yourself online through CreditExpert. We’ve used this service ourselves and it’s the best we’ve come across.

    Note: a monthly fee of £14.99 applies after your free trial. You may cancel during your 30-day free trial without charge. Free trial period starts on registration – further ID verification may be required to access full service which may take up to 5 days.

  7. Location, location, location…

    A local bank can prove to be worthwhile, especially when you need to make a cash or cheque deposit, or hand over any documentation.

See what students said about their bank in this year’s Student Banking Survey

What do you need to open an account?

Luckily, there’s not too much! However at the least you will be required to show:

  • One or two forms of photo ID: such as a passport or driver’s licence
  • Proof of address: such as a recent utility bill or bank statement
  • Proof of student status: a letter of acceptance from your university, or UCAS offer letter.

Most banks now allow you to apply online for a student bank account, but you will still have to send off supporting documents or take them into your local branch. Documents must be original copies, not photocopies.

Hopefully things are a bit clearer for you now. With this information in mind, below are the best student bank accounts for this year, taking the overdraft interest-free terms into account.

Like us to keep up with student life!

2015/16 student bank accounts ranked by best value

RankBank Account0% OverdraftIncentiveUnarranged Overdraft FeeIn-credit InterestReview
1. Santander
123 Student Account
Up to
£1,500 Breakdown
Year 1: £1,500
Year 2: £1,500
Year 3: £1,500
4yr 16-25 railcard See fees
£5 daily charge (max. £10 a month) + for each item either £5 if payment was approved or £10 if it bounced.
1% £100+
2% £200+
3% up to £2k
More
2. HSBC
Student Bank Account
Up to
£3,000 Breakdown
Year 1: £3,000
Year 2: £3,000
Year 3: £3,000
£60 Amazon voucher None 2% up to £1k
(Year one only)
More
3. Coop
Student Account
Up to
£2,000 Breakdown
Year 1: £1,400
Year 2: £1,700
Year 3: £2,000
None See fees
18.9% EAR1 + £15 for each item that bounced.
None More
4. Halifax
Student Current Account
Up to
£3,000 Breakdown
Year 1: £3,000
Year 2: £3,000
Year 3: £3,000
None See fees
24.2% EAR1 + £28 a month + £10 for unpaid (bounced) items.
0.10% More
5. NatWest
Student Current Account
Up to
£2,000 Breakdown
Year 1: £2,000
Year 2: £2,000
Year 3: £2,000
4yr National Express coachcard See fees
£6 for each bounced item (max. £60 in any period).
None More
6. RBS
Student Account
Up to
£2,000 Breakdown
Year 1: £2,000
Year 2: £2,000
Year 3: £2,000
4yr National Express coachcard See fees
£6 for each bounced item (max. £60 in any period).
None More
7. Barclays
Student Additions Account
Up to
£2,000 Breakdown
Year 1: £1,500
Year 2: £2,000
Year 3: £2,000
None See fees
£1 a day + £8 a day for any bounced items.
None More
8. Lloyds
Student Current Account
Up to
£1,500 Breakdown
Year 1: £1,500
Year 2: £1,500
Year 3: £1,500
NUS Extra card See fees
8.21% EAR1 + £6 a month + £10 for bounced items + variable daily charges.
None More
9. TSB
Student Account
Up to
£1,500 Breakdown
Year 1: £1,500
Year 2: £1,500
Year 3: £1,500
None See fees
8.21% EAR1 + £6 a month + £10 for bounced items + variable daily charges.
None More


Existing students, make sure you're still getting the best deal by switching! The top student bank accounts change each year (along with this page). Join our free newsletter to keep in the loop and also be informed of the best student deals handpicked by us every week!


(Recorded a while ago so please excuse the quality, the info still relevant!)

Leave a comment



84 Responses to “Best student bank accounts 2015/16”

  1. Ben

    01. Dec, 2015

    Very good info thank you 🙂

    Reply
  2. Kaitlyn

    05. Oct, 2015

    I don’t particularly want a HSBC account, but that Amazon voucher would be a life-saver at the moment. Is it possible to apply for HSBCs account, receive the gift voucher code and then close the account to open another with the bank that I actually want to with no repercussion?

    Reply
    • Jake Butler

      05. Oct, 2015

      This should be possible. However, there is always the risk of being denied by the 2nd bank (for a number of reasons). However, you should be ok.

      Reply
  3. Ash

    25. Sep, 2015

    Hi,

    Would like some advice really.

    I have started a switch on my student bank account from Lloyds to Santander so that I can take advantage of the free railcard Santander offer.

    I much prefer the online banking and layout of the Lloyds banking group though. The switch date is set for 9th November 2015 and I should have my railcard arrive before then.

    Would I get penalised, or would anything happen if I cancelled the switch after I received the railcard, and just stayed with Lloyds?

    Reply
    • Jake Butler

      28. Sep, 2015

      No. Amazingly nothing bad would happen if you just switched back.

      Reply
  4. james

    22. Sep, 2015

    do banks off student account to people on part time hnc courses?

    Reply
    • Jake Butler

      28. Sep, 2015

      I don’t think they do James. Sorry about that.

      Reply
  5. Marius Gavrilescu

    06. Sep, 2015

    It would be nice if you also included a table for international students.

    Us international students don’t get overdraft, so the only interesting thing is the freebies. Santander gives you nothing (even worse, it charges you £5/month for an International Student Account), HSBC wants you to have been a resident in the UK for the past 3 years, leaving NatWest with the best freebie (the coachcard).

    Reply
    • Miguel Gimeno

      17. May, 2016

      Hi! Just like you I’m an international Natwest customer. I’ve just found out that they charge £7 for every international transfer into my account and my parents put money in every month 🙁 so that’s a lot of money at the end of the year. How do go round this?

      Reply
    • M

      21. Sep, 2015

      I agree! A table for internationals would be super helpful. I’ve just had to go through all of these to find that [I think] only Santander, Barclays, Halifax, Natwest and RBS offer international accounts. Informing us of which banks offer student accounts for internationals would have been helpful on its own.
      Santander is out for me also because of the monthly fee. Don’t really know which stands out from the others available. I think RBS also has a coachcard along with NatWest

      Reply
  6. Ryan

    20. Jul, 2015

    Hello,

    I opened a Natwest Student bank account in 2008 because I did a one year course and finished that.

    I am now starting an undergraduate 2 year foundation degree (with 3rd year in the pipeline most likely to top up to a Bsc)

    Think I’ll be able to get another Student bank account??? Either with Natwest again or else I think HSBC looks quite good. I think Natwest changed my account to a ‘Graduate account’ a while back.

    Reply
  7. Amy

    08. Jul, 2015

    Is it better to apply for a student bank account now, or wait until they start offering ‘freebies’? When would this be? Thank you 🙂

    Reply
    • Jake Butler

      09. Jul, 2015

      Best to wait until late August when all of them update what’s on offer.

      Reply
      • Amy

        11. Jul, 2015

        Okay, thank you for your reply!

        Reply
  8. Hayley

    17. Jun, 2015

    I have a question.
    I studied at university in 2006, but i did not finish my course. I have since paid off all the overdrafts associated with my student account and closed it.

    I have started studying part time with the Open University – would I be eligible for a student account now

    Reply
    • Jake Butler

      22. Jun, 2015

      As far as I know you should be able to open a student bank account if you are in full time study. Most banks will ask to simply see an acceptance letter from your university. They also have T&Cs stating that you must deposit so much a month (usually around the value of a maintenance loan) into the account in order to use the overdraft. All banks are different though so I would recommend asking each one their policy.

      Reply
  9. Sarah

    16. Jun, 2015

    I need to apply for a student account but I finish my degree in October this year (less than four month’s time). Are there any banks that will accept an application with so little time left?

    Reply
    • Jake Butler

      22. Jun, 2015

      Some of them may accept you as long as you are still a student. Worth heading into a few and seeing what your options are.

      Reply
  10. Izzy

    19. May, 2015

    What is it about the Santander that makes it better than the others?

    Reply
    • Jake Butler

      20. May, 2015

      The railcard is a decent freebie, they offer in credit interest and their full overdraft amount (although not guaranteed) is given to most students that open the account.

      Reply
  11. Lu

    13. May, 2015

    I’m a part-time master’s student, halfway through my course: am I eligible for the student account?

    Reply
    • Jake Butler

      13. May, 2015

      Unfortunately the student accounts are only available for undergraduates.

      Reply
  12. hamza

    05. May, 2015

    I’m not sure if I should open a current or student account (Barclays only). The railcard (freebies) will not be useful nor will the overdraft. What are the differences and benefits of both types of accounts?

    Reply
    • Jake Butler

      06. May, 2015

      If you don’t need the overdraft I would suggest the current account. It will most likely have benefits that suit you.

      Reply
  13. Jim

    08. Apr, 2015

    Hey,

    I was wondering wether I can open multiple bank accounts and get the overdrafts and the benefits from multiple banks and do various tricks to optimise my perks as well. Like deposite £500 to the santander account from the Hsbc overdraft for example. But also opening savings accounts as well.

    all the best,

    Jim

    Reply
    • Jake Butler

      13. Apr, 2015

      Some accounts do let you have multiple but some will shut your account and won’t offer any of the perks if they know you have multiple accounts open. It’s worth reading the T&Cs of each account.

      Reply
  14. James

    08. Apr, 2015

    I’ve decided I’d like to bank with Santander because that railcard is very appealing, and I’ve only heard positive reviews about their customer service and user experience.

    Only problem is in their application, one of the requirements is that you are already at university or have an unconditional offer. I received 5 offers, accepted my firm and insurance choices and am predicted above the grades required for my firm choice. Yet in the application there is a drop down box that must be filled in that I cannot fill in as it has the options of “An Unconditional Offer or Studying in Year 1, 2, 3, 4 or 5.”

    My brother is currently at university and insists that he got his Santander account before he got his results back, but when he first had the account he didn’t have the full benefits (He didn’t receive his overdraft until after he had confirmed his results.) I want to do the same and set up my account now because I want to give student finance my bank details and have it all sorted. But this unconditional offer requirement is stopping me.

    Any suggestions?

    Many thanks in advance 🙂

    James.

    Reply
    • Jake Butler

      13. Apr, 2015

      I would suggest going into your local branch as they should help you set up an account with these terms.

      Reply
  15. Konrad

    28. Jan, 2015

    This needs updating!
    I’m with NatWest, their current offer is £500 overdraft in your first term of your first year, £2,000 thereafter, interest free of course! I am in the second term of my first year and have a £2,000 overdraft. The tastecard has actually proved useful a few times, but the best benefit is the contactless debit card they provide, which is soooo convenient! The only downsides are that the online banking takes a few days to update, same for the app I’ve found.

    Reply
  16. Meedo

    18. Jan, 2015

    How does the comparison between Santander and HSBC look like if the student is older than 25 and thus the 4yr railcard can’t be had? The overdraft won’t be important for me either. The interest rate on my savings will be biggest point of comparison I guess, since I plan to deposit large amounts (thousands).

    Reply
    • Jake Butler

      19. Jan, 2015

      Hi Meedo, if you do not need the overdraft or freebies I would definitely suggest looking at getting a current account (instead of a student account) as some of the benefits (such as higher interest) will benefit you more.

      Reply
  17. Miranda

    11. Jan, 2015

    Was turned down for the santander student account due to my credit score. Is there anything I can do? The free railcard is really appealing.

    Reply
    • Jake Butler

      11. Jan, 2015

      Unfortunately you will have to go with another bank. You can still buy the railcard on its own though.

      Reply
  18. Jane

    16. Oct, 2014

    Any banks with good deals for part-time PhD students?

    Reply
    • John Robinson

      25. May, 2015

      I’d just like to say Jake that you have told a couple of people on here that there are no accounts for postgraduate (masters/phd) stufents, however i know for a fact that this is wrong. Some of the banks offer specific graduate accounts now, for exactly these type of students, so it is worth looking around!

      Reply
      • Jake Butler

        26. May, 2015

        Good shout. Had overlooked these as just for graduates as opposed to offered for masters/phd students. Thanks for the heads up.

        Reply
    • Jake Butler

      17. Oct, 2014

      Hi Jane, there aren’t currently any specific banks for PHD students. I would suggest looking at the top current accounts available depending on your needs.

      Reply
  19. Peter

    28. Sep, 2014

    Hi, just wondering if it is possible to have more than one student account?

    Reply
    • Jake Butler

      01. Oct, 2014

      Unfortunately, the majority of banks don’t allow you to open more than one account.

      Reply
  20. Steffi

    22. Sep, 2014

    Any tips for international students? We can’t apply to any of the normal ones.. Are the international student accounts from Santander or Barclays any good?
    Or is it better to simply get a normal one?

    Reply
    • Jake Butler

      23. Sep, 2014

      We reckon Santander is a decent option!

      Reply
  21. Kiran

    15. Sep, 2014

    Quite interested in the Santander to HSBC trick that’s mentioned to get the railcard from Santander and then a decent overdraft from HSBC. How easy is it to tell Santander you want to leave them? And do you have to stay with Santander a certain amount of time before you can leave them for HSBC?

    Reply
    • Jake Butler

      16. Sep, 2014

      Hi Kiran, it’s worth fully checking the banks’ T&Cs. You would have to stay with Santander until you get the railcard and then close your account to switch to HSBC. You’ll be able to close your account quickly.

      The only issue you may have is that HSBC may deny you when you try to open an account.

      Reply
  22. Sasha N

    07. Sep, 2014

    I hope this a recent review, just signed up to HSBC and they explained and answered all my questions for me; they also allowed me to know if I went over they would alert me. 🙂

    Reply
  23. chantelle

    27. Aug, 2014

    Hi, can you get an overdraft a week before you start university? I still need stuff for my flat and don’t have the money until my finance goes in which is going to be late anyways 🙁

    Reply
    • Jake Butler

      28. Aug, 2014

      Hi Chantelle, a few of the banks give you an overdraft straight away when you open the account but some require you to deposit money first.

      It won’t be a huge amount but it may help you out.

      Reply
      • chantelle

        02. Sep, 2014

        My Student Finance still hasn’t been approved yet, so will they not give me an overdraft until its been approved?

        Reply
        • Jake Butler

          03. Sep, 2014

          Hey Chantelle, you don’t need student finance to get the overdraft. All you need to do is make sure that you deposit the required amount into the account each term.

          Here’s a neat little trick… If you’re short of money you could ask someone to simply transfer the required money in and then you just hand it straight back to them.

          Reply
  24. Andrea

    28. Jul, 2014

    When will the banks release information about 2014/2015 student accounts ?

    Reply
    • Jake Butler

      29. Jul, 2014

      Hi Andrea, it’s usually around early August, some have come in already but we’ll update it soon.

      Reply
  25. Buster

    24. Jul, 2014

    Hiya. I need to fund my second degree course for a change in my career prospects. Please can you suggest which bank or financial set up can offer low charges for some kind of career loan to cover my undergraduate course?

    Plus, is there any bursary funding I can apply for as that would really help?

    Cheers!

    Buster

    Reply
    • Jake Butler

      25. Jul, 2014

      Hi Buster, the career loan completely depends on your credit score and other factors. I suggest shopping around for the high street options.

      You could also apply for a career development loan of £10k (although there’s no guarantees): https://www.gov.uk/career-development-loans/overview

      Are you also aware that the maximum you can borrow as a personal loan is £25k?

      As you may know already you can still apply for a maintenance loan for living expenses it’s just the tuition fees that you’ll have to cover.

      Jake.

      Reply
  26. james

    19. Sep, 2013

    Just wondering.. you say a lot.. check credit score for most of em.. but you dont say what you need to get acceoted for any of them??

    Also how long does it take to switch accounts between banks and get an overdraft etc.?

    Thanks

    Reply
    • Jake Butler

      20. Sep, 2013

      Hi James,

      Unfortunately the banks will never reveal what score you’ll need to be accepted onto the account. We suggest checking your score before applying because if you are denied the account or increased overdraft then you’ll know the reason why and be able to improve it.

      We have more advice on credit scores here > http://www.savethestudent.org/money/student-credit-rating.html

      Switching accounts can take a minimum of 7 working days and depends on which banks you’ll be switching between. If you are looking to switch then I definitely recommend it.

      Hope that helps.

      Jake.

      Reply
  27. abbie

    10. Jul, 2013

    railcard is not available at all with natwest

    Reply
    • Jake Butler

      11. Jul, 2013

      Hi Abbie,

      Thanks for picking this up. As stated in the disclaimer “It’s worth noting that the full facts and figures for this year’s accounts will not be released until early August.”

      The figures on this article that are currently showing are those from last year.

      Please like us on Facebook http://www.facebook.com/savethestudent and we will notify you when the figures are published.

      Thanks 🙂

      Jake.

      Reply
  28. Holly Hammond

    06. Jan, 2013

    I had a current account with Santander and decided to switch to the student account partly because of the £50 bonus. But no, apparently that only applies to customers from other banks. This was pretty annoying as I asked the manager as I was switching if I would get this bonus and she said I would, when it wasn’t coming through I asked in another branch and they told me it was only for people switching entire banks not having accounts upgraded. I feel like they should have made this clearer or at least told their staff the right information

    Reply
  29. Nick

    16. Aug, 2012

    My son is a UK citizen but not resident in the UK until he starts his course in September 2012. Coop says that you are eligible for their student account if you are a UK citizen or have 3 year’s residence but the application form seems requires 3 year residence. Why? Given his circumstances which accounts would best suit him?

    Reply
    • Jake Butler

      16. Aug, 2012

      Hi Nick,

      I would say that it is best to head into the Co-op and talk to a personal advisor. If your son is indeed a a UK resident then that is what Co-op say you need to be to open an account.

      In terms of alternatives, Halifax and Santander do not require you to have lived as a UK resident for 3 years but simply be a UK resident who has proof of university acceptance.

      I hope this helps.

      I hope that this helps.

      Reply
  30. Zen

    09. Jul, 2012

    What if your course runs for more than three years? Do banks take that into account for your free overdraft?

    Reply
    • Owen Burek

      09. Jul, 2012

      Zen – good question, and the answer is that most banks offering student accounts extend the interest free overdraft for the duration of your course (and often for a year after graduating). You’ll still only be able to get the maximum offered on a 3yr course though, but then again it’s worth remembering that you will have to pay it all back in full (so it’s not free!).

      Reply
  31. John

    30. Jun, 2012

    Just applied for the student account from Santander as it offers £50 if you apply at University branches only. Not a bad start to the term in september 2012.

    Reply
  32. alexandra

    18. Nov, 2011

    just applied online for co op student account since comparison sites are saying it is the best

    however they are saying that because i applied after my course had started that i needed a current account?

    i dont have one but i ticked yes anyways. anyway the email said they will make their decision in 3-5 days

    hopefully this account set up goes smoothly

    Reply
  33. Sade

    25. Oct, 2011

    i meant do they have offer good overdraft and also are international students eligible to apply for it??

    Reply
    • Jake Butler

      26. Oct, 2011

      Hi Sade, Barclays offer a 0% overdraft up to £2,000 over the three years. However, international students need to apply for an international student account. If you want to check out the information for a Barclays student account then you can look here.

      Reply
  34. Sade

    25. Oct, 2011

    hello,

    wanted to know, where is barclays?? do they a goodoverdraft limit and if i may ask what are the services they provide for international students?
    thanks.

    Reply
  35. Mercedes

    15. Sep, 2011

    I went to Halifax 2 days ago to talk about opening a student account. I made an appointment which I have just arrived home from. Your site states you get a £500 overdraft automatically on opening the account, where did you find this information from as i cannot find it on their site? althought 2 days ago the staff member agreed, their ‘new system’ wouldnt allow it today, the member of staff said as far as she knows their products havent changed and she needs to research to change mine among others initial overdraft from £200 to £500. I was also told 2 days ago i had to input £100 to activate the account however today i was told that was before so that you can could change the amount from £500 to £1000 but then to leave it anyway and i can withdraw the £100 tomoro by takin in a slip in my passport. she also has to send me my papers for the opening in the post as she is ‘waiting for them to come’. i am already not impressed let alone if the overdraft is no long initially £500, i should know by tomorrow. RANT OVER

    Reply
    • Jake Butler

      15. Sep, 2011

      I am sorry to hear that this is the case Mercedes. This information has been thoroughly researched by Save The Student and also supplied to us by the banks themselves.

      The customer service you appear to have received from Halifax does not sound the best. We can suggest changing your account to somewhere else. I hope this article can help you to choose the alternative top student bank account.

      Reply
  36. Helen

    25. Aug, 2011

    I went to Natwest in June and they were not offering the rail card as only offer it when the student campaign starts. The campaign starts mid august. They are offering it now. A rail card is not of any use to me.

    So is the Co-op the best bank for the upcoming year?

    Reply
    • Jake Butler

      25. Aug, 2011

      Co-op are definitely the best this year.

      They are a good honest bank and guarantee the overdraft limit.

      Reply
  37. aman

    20. Aug, 2011

    never had any problems with HSBC…Banked with them all my life and they are quietly brilliant. Decent overdrafts as well. My Pick 🙂

    Reply
  38. James

    10. Aug, 2011

    I went with Natwest last year for my student bank account but after receiving the letter off them about the 3 month thing I changesd to co-op.

    They were honest and up front and I have had no problems with their student account yet.

    Reply
  39. Jake Butler

    10. Aug, 2011

    The top student accounts have now been updated on Save The Student so you can make an informed decision.

    If you want to know anymore information or would like to see anything else in the top student bank accounts article then don’t hesitate to comment.

    Reply
  40. sophie

    06. Aug, 2011

    if you go with natwest, from october you must have 750 in your account every 3 months and if student finance is every 4 months, also if you do not do this then they will start charging for your overdraft.

    think that this should be a warning for those wanting to go to natwest

    Reply
  41. Eil

    04. Aug, 2011

    My son opened a nat west student account last year and is still waiting for the railcard as promised. Today he received a letter informing him that from Oct ’11 he needs to continue to use his student acct as a main current acct and deposit £750 every 3 mths and have 9 debit transactions every 3 mths!!!.if he stops using it as a main current acct they will remove the free overdraft! Obviously don’t want customers!!!

    Reply
  42. carol

    03. Aug, 2011

    i took my daughter today to Nat west said she needed to open a basic account as the student account was not available unless you are a previous customer. So opened a basic then he went to copy the id that he wanted, came back and said that the rail card is not available for my daughter as the account has to be opened before 01 June 11. so what a waste of time….

    Reply
  43. Milites

    29. Jul, 2011

    Why is Natwest not rated here? They at least give you free insurance on some of your stuff (no I don’t work for them, I just wanted to know why it might not be good)

    Reply
    • Jake Butler

      30. Jul, 2011

      Hi Miles,

      The banks have just released their student bank account information for the new year and here at Save The Student we are currently working on updating the article. Be sure to check back in a week and we will have more information for you.

      It is comments like yours that help us see what bank accounts students want. Thank you!

      Reply
      • Milites

        02. Aug, 2011

        No problem. When I said Natwest I meant Santander. Sorry.

        Still confused about the Natwest Railcard though. I went into a branch today and they said that they still offer them to students opening accounts.

        Reply
  44. Zoe

    06. Jul, 2011

    Unfortunatly the rail card no longer applies with Natwest as you need to be with natwest and to have changed your account from an Adapt account to a Student Acc by 1st July 2011 to be legible. This is disappointing as it was big pro for me.

    Reply
    • Jake Butler

      06. Jul, 2011

      Hi Zoe,

      You are correct that the Student Railcard is no longer on offer after the 1st of July. This indeed is a shame.

      However if you take a look for a young persons railcard then this might help in saving you money.

      Reply
  45. Rosina

    02. May, 2011

    This has been really helpful. I am finding searching for an account quite hard as a mature student but this has really helped. Cheers, 🙂

    Reply
  46. Jadene

    30. Apr, 2011

    Brilliant!

    Very clear and useful advice here 🙂

    Reply
  47. Jayne

    07. Apr, 2011

    Student finances – good advice – thank you

    Reply

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