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Student Arranged Overdraft

You could apply for a student overdraft up to £2,000

Student life isn't exactly easy, so this could help

Interest-free arranged student overdraft up to £2,000 (£500 in first term)

Get an instant decision if you bank online with us

Have your overdraft the next working day

Could be ideal for short-term borrowing or in an emergency

What you should know about overdrafts

Overdraft details

Overdrafts Explained

Arranged Student Overdraft

An Arranged Overdraft allows you to go overdrawn up to an agreed limit. So, if payday is still a long way off and you’re getting a bit short of cash, that’s where our Arranged Overdraft could help.

Unarranged Overdrafts

An Unarranged Overdraft is when you spend more money than you have in your account without already having an Arranged Overdraft, or when you exceed your current Arranged Overdraft limit.

Both types cost money

Both types of overdrafts will cost you money in fees, but an unarranged overdraft will cost you more and might result in payments such as household bills being rejected.

We're changing our overdrafts pricing

Between 27th March and 2nd April 2020, we will be making some changes.

Benefits

Interest Free

You can apply for an Arranged Overdraft of up to £2,000, interest-free after your first term (subject to approval).

Get an instant decision

If you bank online with us, apply through Online Banking, we'll pre-fill your application and let you know straightaway if you’ve been pre-approved.

Have your Overdraft the next working day

If we approve you for an Arranged Overdraft, your limit could be applied to your account as soon as the next working day.

More Info

Manage your Overdraft online

We’ll show you how to increase, reduce, remove your overdraft limit.

It's easy to apply

When you graduate we’ll change your Student account to a Graduate account, continuing your £2,000 interest-free Arranged Overdraft for the first year.

After graduation?

Tools to help you

Check your chances before applying

Give our eligibility tool a try and find out if you're likely to be approved for an overdraft. It can give you an idea of your potential overdraft limit and representative APR.  It takes just a few minutes and it won't harm your credit rating. 

Find out how much you're likely to pay

Why not use our overdraft cost calculator to see what an overdraft could cost you based on your circumstances? The great news is it won't impact your credit rating.

How to set up an overdraft

What will I need?

You'll need your Online Banking Log in details, your address history from the last 3 years and info about your income and outgoings.

How long will it take?

The application takes about 5 minutes and you'll know if you've been accepted or not straight away.

When will my overdraft be in place?

If your Overdraft is approved Mon – Thur before 5.30pm, it will be available the next working day. Anytime after this - up to 2 working days.

Ready to apply?

Let's get started. Do you have a UK student bank account with us?

To apply online, you must:

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years
  • Have read our pricing changes information

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents. You also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Online Banking.

Are you ready to continue?

One last thing, do you have online banking?

Great! Looks like you're all set and ready to go.

To apply for a Student Overdraft online you need to be registered for Online Banking

Do you have an International student bank account with us?

Have you lived in the UK for 3 years or more?

Great! Because you've lived in the UK for 3+ years, you could be eligible for a Student Overdraft. You can apply in branch and must provide proof of 3+ years residency e.g. tenancy agreements or previous utility bills. 

To apply, you must:

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years
  • Have read our pricing changes information

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents. You also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Online Banking.

If you're comfortable, let's get going...

Sorry, we are unable to offer you an overdraft at this time. Our Student Overdraft is only available to customers who have lived in the UK for at least 3 years

Our Student Overdraft is only available to customers who have a Student bank account with us. Want to take a look?