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Student Arranged Overdraft

Interest-free Overdraft of up to £2,000

What you'll get with an overdraft from NatWest

An arranged overdraft allows you to go overdrawn up to an agreed limit. So, if you’re short of cash, an arranged overdraft could help to cover an unplanned expense. Think of it as a short-term safety net.

Interest free up to £2,000

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

Get handy text alerts to help you stay on top

Applying is really quick

Applying through Online Banking takes around 5 minutes

Get an instant decision if you bank online with us

Fast access to funds

If your overdraft is approved, it'll normally be available the next working day, but there are some exceptions to be aware of

Features and benefits

Before you apply

Overdrafts Explained

First things first. There are 2 types of overdrafts – arranged and unarranged. Both types will cost you money in interest when you use them. It’s important you know the difference, so we’ll cover it off here.

Student Arranged Overdraft

When you're about to enter the world of work, your day to day expenses could change. That's where our Student 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 in place, or when you exceed your current arranged overdraft limit.

If you're accepted

Manage your overdraft online or in the app

You can manage spending and increase, reduce or remove your overdraft limit quickly online and in our mobile app

We'll send you text alerts

We'll keep you updated using our free text alert service if you start to use an arranged or an unarranged overdraft

Interest Free

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

Tools to help you out

Check your chances of being accepted before applying

Use our eligibility checker tool and find out if you’re likely to be approved before you apply. It takes just a few minutes and won’t impact your credit rating.

Find out how much interest you're likely to pay

Use our overdraft cost calculator to see how much interest you’d pay based on your own circumstances and borrowing amount.

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

And must not have been declared bankrupt in the last 6 years

 

Please read these important documents

Please take some time to review, print and/or save this important information.  By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents

Our Lending Commitments (PDF, 44KB)

How we use your information (PDF, 176KB)

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?