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Apply for a student overdraft up to £2000

Open a Student bank account

Explore our Student bank account

Why choose us?

Pick your offer

FAQs

International Students

Ready to apply

Why apply for our Student bank account?

Interest-free overdraft up to £2000 (£500 in first term) with an instant online decision

Choose 1 from 3 great offers; Amazon Prime Student membership, National Express Coachcard or a tastecard

Manage your money on the go with our easy to use mobile banking app

Britain's Best Online Student Banking Provider 'YourMoney.com Awards' 2019

Apply online only. You must be 17+ living in the UK. You must either be a full time undergraduate student on at least a 2 year course at a UK University/College or you must be completing a full time postgraduate or nursing course lasting a year or more. You may only apply within 6 months of your course start date. You need to be 18 or over and have lived in the UK for 3+ years to apply for an Overdraft.

Choose from one of three great offers;

To receive your benefit you must register for online banking and choose to receive paperless statements

Amazon Prime Student

Stream movies, box sets and music, plus get unlimited One-Day Delivery on millions of items with a 1 year Prime Student membership and £10 Amazon.co.uk Gift Card. You need to be +18 for this reward. T&C's .

National Express Coachcard

Travel for less with 1/3 off fares, ideal for visiting friends and family. Plus 15% off travel to events and festivals. Valid for 4 years. Coachcard T&C's apply.

tastecard+

Get 2 for 1 or 50% off your food bill at thousands of UK restaurants and discounts at the cinema with tastecard+ membership. Valid for 4 years. Smartphone required. tastecard+ T&C's apply.

Hassle free banking with our mobile app

App available to customers with Online Banking, compatible iOS and Android devices and a UK or international mobile number in specific countries.

Hassle Free Banking with our mobile app

Mobile App Features

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Debit card lock

Can't find you card? Temporarily lock it while you look, and if you find it, instantly unlock your card.

Get cash

Withdraw up to £130 every 24 hours at our ATMs as long as it’s within your daily withdrawal limit.

Criteria applies Close

Available at any NatWest, Royal Bank of Scotland (in Scotland), Ulster Bank NI or Tesco ATM. You must have at least £10 available in your account and your card must be active (locked / unlocked).

Manage your money 24/7

Check your balance and pending transactions, transfer money between your accounts, manage regular payments and pay someone new without visiting the branch. Limits apply.

Overdraft details

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

Details on how overdrafts work Close

How overdrafts work - details

There are two different types of overdraft:

An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you.
An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit.

Going in to an unarranged overdraft limit can lead to payments being rejected.

More about Overdrafts

How much will an overdraft cost?

Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.

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How much does my overdraft cost in pounds and pence?

This account offers an Overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool.

Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handy cost calculator.

More about Overdrafts

FAQs

How do I claim my student offer?

How do I apply for an overdraft on my student bank account?

When will I receive my overdraft funds?

What happens to my student bank account after I graduate?

What's the difference between a Student account and Select account?

When can I start using my offer?

You'll have 6 months from opening your student account to select your offer. Once selected, you'll receive the chosen offer within 5 working days and you can start using the offer right away. The offer will remain on your student account as per the benefit terms and conditions:

Amazon Prime - 1 year
tastecard - 4 years
Coachcard - 4 years

What ID's needed to open a Student account?

What do we need to verify your student status?

Your UCAS code is the simplest way to show us you’re a student. It consists of 16 digits and is displayed in 4 x 4 blocks. Your UCAS code is used to electronically verify your student status and your account will be opened faster if you provide it in the application.

If you don't have your UCAS code you can still apply for a Student account. We'll just ask you to send us one of the letters you've received from UCAS to confirm your student status.

If you have lost your code contact UCAS on 0371 468 0468 who will reissue the email within 24 hours.

Are you an International Student?

Take a look at our International Student account.

How to apply online

Start and submit your online application

We'll ask you to register for online banking and opt in for paperless statements

Your UCAS Student Code

Your UCAS code is the simplest way to show us you’re a student. Your account will be opened faster if you provide us your UCAS code in the application

Have your ID ready

We'll need proof of ID, e.g passport or driving license and proof of address, e.g a utility bill. Please use your permanent UK address if it's different to your term time address.

Pick your offer

We'll need a UK mobile number and email address so we can contact you about your choice of offer. Make sure you register for Online Banking and paperless statements to receive your offer

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

are aged 17 or over and living in the UK

completing a full-time undergraduate course that lasts at least 2 years or completing a full-time postgraduate course, or

training as a nurse at a UK university or college of higher education

are completing a course that has already started, or is starting within the next 6 months

Now please take a look at the important legal stuff

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Online Banking - not posted. Please take some time to review, print and/or save the important information.

Your Current Account Terms (28 pages)

Financial Service Compensation Scheme Sheet (1 page)

Fee Information Document (20 pages)

What You Need To Know (2 pages)

Our Lending Commitments (4 pages)

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

All okay? You’re nearly ready to start.

To speed up your application for our Student account, we need to do a few final checks with you. They'll only take a minute.

Continue

Do we already know you?

I'm a completely new customer

I'm an existing customer

I used to be a NatWest customer

You’re all set

You’ll need a few bits of info for your application:

Photo ID, such as Drivers licence or Passport
Proof of your address, such as a utility bill or bank statement
Your UCAS code

What would you like to do today?

Open a new Student account

Change your existing current account to a Student account

Do you know your Online Banking details?

If you log in to Online Banking we can pre-fill some of the application for you.

Yes

You’re all set

You’ll need a few bits of info for your application:

Photo ID, such as Drivers licence or Passport
Proof of your address, such as a utility bill or bank statement
Your UCAS code

You’re all set

You’ll need a few bits of info for your application:

Photo ID, such as Drivers licence or Passport
Proof of your address, such as a utility bill or bank statement
Your UCAS code

You're all set

During the application, you'll need:

The account number and sort code of the account you want to change
Your UCAS code

You’re all set

You’ll need a few bits of info for your application:

Photo ID, such as Drivers licence or Passport
Proof of your address, such as a utility bill or bank statement
Your UCAS code