We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. If you travel a lot, or are an international student receiving money from home, you might benefit from getting a specialist product, such as the borderless multi-currency account from TransferWise, to cut the costs on international payments, and spending while overseas. This is fee free for the duration of your student account if you stay within the arranged overdraft limit - but you may find you need to pay fees on this facility after your finish studying, depending on the account type you transfer to. If you have a 1|2|3 Mini Current Account and are in, or going into your first year of study on an undergraduate course, you can change your account online. You’ll get a free Santander 16-25 Railcard which could save you 1/3 on rail travel in Great Britain letting you travel all over England, Scotland and Wales for less. Santander. £1.99) + 2.75% of the value if you withdraw in a foreign currency, Withdrawing from a Santander ATM in Spain is fee free, Allowing a payment despite lack of funds - £5, Refusing a payment due to lack of funds - £10. It is not intended to amount to advice on which you should rely. All other fees apply. A simple and intuitive account that makes it easy to waive the Monthly Fee. Investment fees, charges and key documents, 1|2|3 Student Current Account Key Facts Document (pdf) (3.52 MB), 1|2|3 Student Current Account Fee Information Document (pdf) (116 KB), Santander 16-25 Railcard Terms and Conditions, 1|2|3 Graduate Current Account Key Facts Document (3.51 MB), A free 4-year Santander 16-25 Railcard to save 1/3 on rail travel in Great Britain, An interest-free arranged overdraft of £1,500 in years 1-3, £1,800 in year 4 and £2,000 if you stay on to year 5 - Learn more in our 'Overdrafts and charges' section below, From 12 April 2021, no interest paid on balances. An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time. You don’t already have an existing Santander current account. Opening a bank account in the UK is no longer difficult as it was before. Our Financial Services Register number is 106054. If you need support with managing your money or if you’re in debt, please visit our money worries page for further support. Register to receive mobile-to-mobile payments with, Contactless payments with your mobile by linking your Santander debit or credit card to your. If your offer is subject to you achieving certain results, please wait until your place has been confirmed following your results before applying.As part of your application:• You'll need to provide proof of study e.g. Earn up to 15% cashback with Retailer Offers. We don’t charge fees for allowing or refusing a payment due to lack of funds. Your documents, statements and some of your letters will be sent as e-Documents to your secure inbox on Online Banking (unless you require documents in an alternative format, such as Braille). Refine your search. You’re about to begin or have started an undergraduate course, or degree-level apprenticeship (level 4-7) that is at least 2 years in length. your account makes or may make  use of an unarranged overdraft, you have regular payments due on your account and you don’t have the funds to cover them. One of the key features of the borderless account is that you can hold multiple currencies, and switch between them using the mid-market rate, whenever you need to. We've ranked and reviewed the best student bank accounts as well as the top graduate accounts on offer too. Earn a $225 bonus from Santander Bank when you refer a friend and they open Checking Account and meet all the requirements.. What you’ll get: $225 Bonus Eligible account: Santander Checking Account Credit inquiry: Soft pull Where it’s available: NH, MA, RI, CT, DE, NY, NJ & PA; How to earn it: Open a qualifying account with Santander Bank You can also get a linked debit card to make ATM withdrawals and pay for things anywhere you see the MasterCard logo. If you have a different current account, or don’t have a UCAS code because you’re doing a level 4-7 apprenticeship, or you’d like any more help, you can change your account in one of our branches. You’ll be able to send and receive international payments, and use your debit card overseas⁴ - but there are fees for these services you’ll want to know about. Student Value Checking: Students ages 16-25 can open this account, which has no monthly service charge. If we allow a payment, it will take you into an unarranged overdraft. Here’s all you need to know about the Santander student account. This account also includes free non-Santander Bank ATM withdrawals, free paper statements, and access to a dedicated personal banker. ; Have direct deposits of $4,000 or more post to the account in the first 90 days. When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances. Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Your account will be opened on the same day as your appointment in most cases, and you will be provided with your account details for transferring money into the account immediately. To be eligible for the Santander 1|2|3 Student Current Account, you’ll need to use it as your primary account, and pay into it every academic term¹. The Santander 16-25 Railcard also gives you access to exclusive deals on holidays, eating out, top attractions and more. First things first: what are the different accounts available? As your course period may not match a standard university academic year, you may find that your overdraft limit changes earlier than expected (in line with the account’s overdraft structure) and, that your account may move to the 1|2|3 Graduate Account before you finish your course. Student accounts. There is, however, no change to how the overdraft works on the 123 student account – your entire overdraft will remain interest-free. There is a cost associated with using an overdraft. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. borderless multi-currency account from TransferWise, how to make your first transfer with TransferWise, How to open a bank account in the United Kingdom, How to open a bank account in Switzerland, Your address history for the previous 3 years - you may need a, Proof of your status as a student - this could be a student ID card or a letter from your university confirming you've been accepted, for example, Details of your incoming and outgoing payments, 1.5% of value (min. You also get a four-year 16-25 Railcard (worth £90ish) which gets you a third off rail travel, though you may not be travelling as much as normal with coronavirus travel restrictions and more online lectures. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. And give it a try. All of this can add up pretty quick. This smart new account lets you hold more than 40 currencies, and get local, virtual account details for the UK, US, euro area, Australia and New Zealand. If you do hold a Santander current account, you’ll need to transfer it. The Student Value Checking account is eligible for the offer 4. The top student account freebie is offered by Santander. Interest is paid on balances of £300-£2,000, and the account is paper free, with online banking facilities¹. 2.https://www.santander.co.uk/personal/current-accounts/123-student-current-account/apply-for-a-123-student-current-account Check our comprehensive guide on how to go about it. Registered Number 2294747. When you’re choosing the right student account for you, it pays to shop around a little. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. Open a new and eligible Santander Bank Checking by 3/31/2021 using the unique promotion code shown on this page after you provide your name and email address. You can access the 1|2|3 Student Current Account anytime, anywhere. More on that in a moment. Use promo code STUDENT50 3. Before 12 April 2021, monthly interest of 1%, You’re 18 or over and live in the UK permanently, You’re studying or are about to begin an undergraduate course that is at least 2 years in length, or level 4 to 7 apprenticeship. Once you’ve opened your 1l2l3 Student Current Account and. Interest is calculated daily and paid monthly. The purpose of a representative APR is to enable customers to compare the costs associated with different credit products. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. There’s no monthly fee to maintain the account. Santander has one current account available for students – the Santander 123 Student Current Account. Santander Student Current Account - Ask a question now. If you already bank with Santander, you'll need to close or transfer your existing account, so that your student current account is your main bank account. This is available to students and apprentices from levels four to seven. You may need to book an appointment, Report a lost or stolen cardHelp with Online BankingHelp with Mobile BankingT&C and policy documentsRetailer Offers, How to update your contact detailsUsing your debit card outside the UKBereavement supportMoney worries, We offer a simple, reliable and stress-free way to switch your current account to a new or existing Santander account, Not sure which current account is right for you? We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance. Maybe you’ve been saving money to go and study abroad, or you have family or friends who are helping you out, either way, sending money abroad can be a costly business. Santander and the flame logo are registered trademarks. Rates are displayed to two decimal places. Face-to-face support in branch and UK-based telephone support: This is a paper-free account which means: Keep your banking details private and secure. The Santander 1|2|3 Student Current Account has many great features for students, but there are also fees and charges to be aware of. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. *All sources checked on March 7, 2019. Also ranked Which? You might choose to get an alternative account to use for sending and receiving international payments, and spending while you travel, for example. Activate your Santander Debit Mastercard ®: You'll receive it in the mail within 5 to 7 days. Opening a bank account in Singapore can be difficult but with little patience you can make it happen. Opening a bank account in Switzerland shouldn’t be such a complicated process. This could make it harder or more expensive to get credit with us or other providers in the future. Going to university can be expensive. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount. The free four-year Santander Railcard is worth around £90 (four-year cards aren't available for general purchase but three-year Railcards cost £70 and one-year Railcards cost £30). Santander Financial Services plc is incorporated in England and Wales with number 2338548 and its registered office is 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. 123 Student Current Account. Santander, for example offers a four-year railcard for discounted train journeys for students aged 16-25 with its 123 account. If you’re about to start university in the UK - or if you’re already taking an undergraduate course or level 4-7 apprenticeship - you might be eligible for a student account from Santander. For further explanation of our main terms and services take a look at our Glossary. Santander’s 123 Student Current Account, for example, offers a free 16-25 Railcard for new customers, which is valid for four years and saves students up to one third on most rail fares, making this account a great choice for students who regularly travel by train. These arrangements are made with the Santander branch on the UCL … Check out this new Santander Student Checking Deal (must use this link) to get a $25 cash bonus when you open a new Student Value Checking Account by March 31, 2019, and make 10 debit card purchases with your Santander Debit Card within 60 days of account opening. To be eligible for this student account you must be starting a university undergraduate course which is at least 2 years long, or a level 4-7 apprenticeship¹. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. www.santander.co.uk. You’ll also have to pay in at least £500 per academic term to retain the benefits the account offers. £1.99) if you withdraw in pounds, 1.5% of the transaction value (min. 5.https://www.santander.co.uk/assets/s3fs-public/documents/fid-student-current-account.pdf you have your exam results) before you apply, You pay in at least £500 per academic term. The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. Once you graduate, Santander will either close your account or transfer you to a 1|2|3 Graduate Account⁴. A good alternative to look at - especially if you send and receive international payments frequently, or love to travel - is the TransferWise borderless account. If you exceed your arranged overdraft, you’ll also have to pay fees⁴. Doing a bit of research, and thinking carefully about the way you’ll use your account is the best way to get the right solution for your needs. You will get 4.89 per cent interest on up to £500 paid monthly. Opening a bank account in Canada can be difficult if you’re not a resident but not impossible. Calls may be recorded or monitored. Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA. This account offers some student-friendly perks like a free 4 year railcard, which gives a reduced price for rail fares, and discounts of up to 15% at some partner retailers. Santander 123 Student Account - you can get up to £2,000 overdraft in your 5th year at 0%. Check our comprehensive guide on how to go about it. The account also offers an interest-free and fee-free arranged overdraft up to a maximum of £1,500 in the first three years of study, £1,800 in year four and up to £2,000 in year five. A free 4-year 16-25 railcard, interest and fee-free overdraft and interest on yor balance are the key features here. Nationwide FlexStudent Account - you can get up to £3,000 0% overdraft in your 3rd year. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Try the TransferWise borderless account, for a flexible way to manage your money across over 40 different currencies, and see if you can save. Students usually need extra support with their finances and Santander’s student’s account provides it through a fee-free overdraft feature, a decent interest rate on the account balance and a free railcard. It’s a great solution if you’re an international student in the UK and receiving money from back home, or a British citizen taking time to study overseas - or even if you just love to make the most of the university holidays to travel. Oh, and TransferWise gives you the most fair exchange rate out there, the mid-market exchange rate. Media Gallery for Santander Student Current Account. Online Banking; Mobile Banking; Get personalised spend insights with My Money Manager; Register to receive mobile-to-mobile payments with Paym; Contactless payments with your mobile by linking your Santander debit or credit card to your Apple, Android or Samsung device. To be eligible for the Santander 1|2|3 Student Current Account, you’ll need to use it as your primary account, … Information correct as at 14 January 2021. We’ll send the alerts before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. There are, however, some fees you need to know about, especially when it comes to using your account to send and receive international payments, or cover your costs while you travel. TSB’s student account offers you a better rate of interest on your savings than others on the market. You can ask to reduce the limit at any time. You can also register for other account alerts to help you to stay on top of your finances. You can save more than £20,000 in the account, but won't earn interest on anything over £20,000. Registered in England and Wales. Student Value Checking Santander ® Basic Checking Simply Right ® Checking Santander ® Premier Plus Checking; What is it: An account designed for Students. Santander UK plc. The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. 123 student current account: Designed for UK students, this account pays a variable rate of interest on balances a certain threshold, and comes with a fee-free overdraft facility and a free student railcard. To increase this to £1,500 you’ll need to: The table below shows you how you’ll be charged for using your overdraft. $50 bonus offer expires 9/30/2020 2. Watch out, it counts a month from the anniversary of the account opening, not a calendar month. best student bank account providers for 2019 was Santander's 123 Student account, with a customer score of 76%. And with so many options on offer, figuring out which account best suits your needs can be tricky. If you already bank with Santander, you must visit a branch to switch your account to a student product². Keep the account open and in good standing for 90 days. 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