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Student Account

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Applicants must be aged 18 or over

NatWest Student Account

All you need for everyday banking as an undergraduate

To apply, you need to be a permanent UK resident (ordinarily resident in the UK for 3 years or more) and completing a full-time undergraduate course lasting at least 2 years; completing a full-time postgraduate course; or training as a nurse, at a UK university or college of higher education.

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Interest free overdraft

An interest-free overdraft there when you need it

Our Student Account and the Arranged Overdraft are easy to understand so you don't have to worry.

You can apply for an Arranged Overdraft of up to £1,000 by the end of your 1st year, if eligible. You can then apply for an increase each year you're at university. If you are studying for a 5 year degree, you can apply for up to £2,000, in your 5th year.

Before you apply for our Student Account, learn what an Arranged Overdraft is, understand how much you can apply for and make sure you're clear on how our Student Account Arranged Overdraft works. 

 

What is an Arranged Overdraft?

NatWest Student Account

What is an Arranged Overdraft?

An arranged overdraft is a limit agreed between yourself and NatWest that you can spend up to. This is on top of the money you have paid in to your account. 

So for instance, if you paid £100 in to a brand new account and then had an arranged overdraft of £150, the total you could spend up to is £250. 

How does it work in my 1st year?

NatWest Student Account

How does it work in my first year?

In your 1st year, we normally offer an Arranged Overdraft limit of £500 in your 1st term, £750 in your 2nd term and £1,000 in your 3rd term if you succesfully apply for the NatWest Student Account. 

How much can I apply for?

NatWest Student Account

How much can I apply for?

You can apply for an Arranged Overdraft up to a certain amount depending on what year of your degree you're completing.

Depending on your course we may be able to offer you an Arranged Overdraft of up to £2,000.

Year of Uni

Arranged Overdraft limit you can apply for

1st Up to £1,000*
2nd Up to £1,250
3rd Up to £1,500
4th Up to £1,750
5th Up to £2,000

*In your 1st year of study, we normally offer an Arranged Overdraft limit of £500 in your 1st term, £750 in your 2nd term and £1,000 in your 3rd term if you succesfully apply for the NatWest Student Account. 

Are there any other charges?

NatWest Student Account

Are there any other charges or interest?

Our Student Account Arranged Overdraft is interest-free. 

It is important if you have a Student Account that you try to never exceed your Arranged Overdraft limit. 

If you do exceed your Arranged Overdraft, there is a chance the Bank may reject your transaction. If this does happen there is a charge of £6 for each Unpaid Item (subject to a maximum of £60 in any charging period).

Make sure you are using our Text alertsMobile App and Online Banking to keep a close eye on your account. 

Important information about our Mobile app:

  • Available to NatWest personal account holders aged over 11
  • You must be registered for Online Banking
  • Customers must also have a NatWest debit card
  • You must also have a UK mobile number starting with 07
  • Available on selected smartphones

Important Information about Online Banking:
  • Available to NatWest personal account holders aged 11 and over

 

 

Important information:

You must use your NatWest Student Account as your main current account by paying in at least £750 every 6 months and make at least 3 debit transactions every month. 

If you stop using your account as your main current account then the interest rate you pay on your Arranged Overdraft reverts to the standard rate which applies to the Select Account. Arranged Overdrafts are repayable on demand. Over 18s only.

Already have a NatWest Student Account?

Change or apply for a Student Arranged Overdraft

Already have a Student Account with us?

You can apply for, or change, an Arranged Overdraft by using our online application form. 

Apply for, or change, your Student Account Arranged Overdraft

NatWest Student Account

Arranged Overdraft

Already have a NatWest Student Account?

By calling us on: 0800 200 400 and selecting option 1 (Minicom  0800 917 0526) you can:

  • Apply for an Arranged Overdraft (if you didn't arrange one when you opened your account)
  • Apply to increase your existing Arranged Overdraft.
  • Apply to decrease or remove your existing Arranged Overdraft.
The amount of the Arranged Overdraft you can apply for on your Student Account is different depending what year of study you are in. If your in your first year, it also depends what term you're in too.

If you have any more questions about this our advisors will be able to help.


Calls may be recorded. 

 


 

tastecard

tastecard Membership

Free tastecard membership

Enjoy 2 for 1 meals or 50% off your food bill at thousands of restaurants across the UK with our free membership to 'tastecard'. (Side dishes & extras not included) for NatWest student account holders

All you need to do is register for Online Banking and paperless statements in order to receive the tastecard membership once your account is opened.

Terms of use

NatWest Mobile app

Make the most of your time at Uni

The NatWest Mobile app lets you keep on top of your money whilst you study. Check your balance, move money and pay friends whenever and wherever you want.

Pay Your Contacts

Get Cash

NatWest Student Account

Help with alerts, fraud, lost wallets and purses

Our customisable alerts will help you manage your money better. And, if you lose your debit card or have it stolen, you can still get access to your cash with 'Emergency Cash'.

 

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International students

Coming from overseas to study?

Our Student Account is only available to students who are permanently resident in the UK. International students can apply for the NatWest Basic Account.  

Find out more

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Important information about our Student Account

NatWest Personal & Private Current Account Terms; Personal & Private Current Account Fees & Interest Rates; Helping you get the most from your Personal NatWest Current Account(PDF, 817KB)



NatWest Student Account requirements:

To apply you need to be a permanent UK resident (ordinarily resident in the UK for 3 years or more) and completing a full-time undergraduate course lasting at least 2 years; completing a full-time postgraduate course; or training as a nurse, at a UK university or college of higher education.

 

NatWest current accounts

Find out what you need to open an account

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NatWest Student Account

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