Please note that this tool does not provide any indication of approval. an overdraft is basically borrow money from the bank. They may want to know about any other debt you have. 1. Alternatively, you can also apply for one. Overdrafts are repayable on demand. Benefits of the NatWest Student Account. Student. Apply Transfer a Santander account. a. Cheetah Forumite Posts: 157 Forumite Posts: 157Barclays, Co-op and TSB offer student bank accounts, but they are among the few not offering any perks on top of the interest-free overdraft of up to £2,000. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. They may also share this with other organisations. Unfortunately, for all other Natwest current accounts, overdraft have a representative APR of 39. Posted by u/AntDogFan - 1 vote and 5 comments6. Considering these factors is crucial when. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Interest Rate (AER) 0. TSB – up to £2,000 overdraft in years 1 to 3. boss. What Are Natwest’s Overdraft Interest Rates? If you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. Step by step guide to Alerts. HSBC, Natwest and RBS are offering cash bribes of up to £80 to students. i was informed over the telephone that due to me graduating several years earlier i was no longer entitled to the graduate. I have all my student finance sorted but like the idea of opening a student account to take advantage of the overdraft. you may apply for a basic Natwest student account. You’ll have to pay about 3 to 4% of the amount you’re transferring, but what you owe will move onto the card at 0% interest. Natwest Student account overdraft limit. But the good news is that you can still apply for a NatWest Select Account, which is a great choice in its own right. Select your account type, let us know how much of the overdraft. Graduate accounts may continue to offer a low or interest-free overdraft facility which decreases over time, giving you the opportunity to. Open a student bank account. Invest on behalf of children aged 14 and under. I've had to change my circumstances as I now live with my mum and student finance is based on her income. You’ll need to have a student current account as well, and be over 18. HSBC offers a student bank account in the UK that comes with a plethora of benefits. Industry: Financial services: Founded:. Graduate accounts are available for two years. Specific account eligibility criteria applies. An overdraft lets you borrow extra money through your current account. For anyone doing their PGCE - NatWest are offering student accounts with interest free overdraft and £100 cash for opening the account (they include post grads for student accounts). 9% EAR on overdrafts of over £1,500. You’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. Natwest are crap, you can keep your student overdraft 1600 max I think for 5 years, then the 'graduate' accounts have about 500 free overdraft and that's it. Rates and fees on student accounts won't be changing, although customers with a. The Royal Bank student account makes things easier. 03. 30pm. Close. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. With no monthly account fee. Bank of Scotland* £95. HSBC Graduate Account. That £2,000 facility will then reduce to £1,000 for a further 12 months. 2. An arranged overdraft is available to those who meet certain conditions. Current accounts designed for you. You can apply for up to £3,250 interest free from year. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. After university I upgraded by Natwest Student account to their Graduate one, which entitled me to extend my interest free overdraft to £2000. £100 cash bonus plus a four-year Tastecard, which gives you discounts at many restaurants in the UK. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. 1. The first year is tiered: £500 in your first term to £2,000 in your second. Start university with a £500 interest-free overdraft. Explore our overdrafts. 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. east. But, unlike a student account, the limit reduces - typically every 12 months. NatWest’s new 2023 student banking offer includes: £100 cash welcome gift, transferred directly into your account. my account is with natwest for my student banking and it turns out they have been charging me interest since june at least on my overdraft. If you are an Online Banking customer and complete the form using your log in details, we complete many of the fields for you. You need to let them know as it will also affect your graduate overdraft when/if you graduate as you're interest free limit will always reduce a year earlier. The interest free overdraft only lasts a year after graduation before it is reduced. So pay off your overdraft with your savings and you're about £190 per £1,000 up each year. Make student life easier with our Student Current Account. The new student account offers an interest free overdraft*, as well as a. The Arranged Overdraft limit you can apply for depends on what term and year of study you are currently in. Save up to £653 with a free 12-month subscription to Perlego’s online library of books, academic texts and tools. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2. didnt have a student account and tried at natwest, lloyds tsb and halifax but got declined at all 3. You can apply for up to £3,250 interest free from year three onwards*. 5. It's also worth considering one of the customer-friendly digital banks. If the person you are adding to your account is already a NatWest customer: You will only need to send in one form of photo identification with a selfie of the front and side profile. All Banking. You’ll be able to get a Financial Health Check, apply for a loan and more. 25 July 2009 at 2:38PM. Graduate bank accounts still come with a 0% overdraft. Here are the top ones: Bank. Your student and maintenance loans repayments are frozen until you start to earn over £25,000 but many people forget to consider their student bank accounts overdraft is also a loan, and one. 5% interest and cashback at certain retailers. Perk: £100 cash, one of the largest overdrafts and top ethical choice. From cost of living pressures and student loans to socialising, mental health and beyond, our research can prepare you for both the opportunities and. Cora can support you with a wide range of queries 24/7 and helps to show you how to do your banking. This is important, as you may be charged interest if you use a certain amount of your overdraft. Although most student bank accounts come with an overdraft facility, there are a number that stand out. An Unarranged Overdraft is when you spend more money than you have in your account and you haven’t previously arranged an overdraft limit with us, or have gone over your existing limit. I apologise if this is in the wrong place: please let me know and I will move it. I have both a Barclays and Natwest student account, even though I have banked with Barclays since 2003, I found Natwest so good with students. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. Overdraft in 2023. Select 'Card payment controls' from the options on the screen. I recently received a letter saying that Natwest have passed me onto a debt collection agency. But from late March or early April this will change across seven current accounts offered by both banks – the flat fee will be scrapped, and the interest charged will vary from 19. Year 2 £1000 (interest free). The minimum overdraft limit you can apply for is £250. You can ask us for an arranged overdraft when you apply or any time afterwards. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. Tell them before they realize. The benefits of a Lloyds Student Current Account include online banking, so you can manage your finances from anywhere and at any time, and link your bank cards with Apple Pay and Google Pay (from age. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one, year one) with an. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 from term two year one. App available to customers aged 11+ with a. For example, some banks may let you have a £1,000 student overdraft in your first year, which can be extended to £2,000 in your second year and £3,000 in your third. Help with everyday banking. Your overdraft limit will stay the same for another year. Your rate depends on your personal circumstances, loan amount and term and may differ from this Representative APR. Terms and conditions apply. I currently have £0 deposited… WVL. At the moment, NatWest and RBS customers are charged up to 19. 99 per year)*. Halifax Student Current Account. This service is only available to switch current accounts. This rate is available on loans between £7,500 and £14,950. If you’re 17 or over and heading to university, NatWest’s Student Bank account offers discounts and an interest-free overdraft. NatWest provides also offers an interest-free overdraft of up to £2,000 in years 1-2 (£500 in year 1, term 1) and from 2 October 2023, eligible students from year 3 onwards can apply for up to. With Halifax it just stays a student account for a year after you graduate, so you still get an interest free overdraft. An interest-free overdraft is one of the most beneficial aspects of a student account, and few accounts can compete with Nationwide on this front. Following the second year after. grad account year 3: 0. Graduate Programme. Quoted from NatWest's website: If you hold a Student account and are graduating this year, we will be in touch to let you know we will be moving you onto a Graduate account in July/August. If you have savings, this could be easiest way to pay off your overdraft debt. If you're eligible for an overdraft and for what amount depends on the results of the full credit check. F 7 667585 27/2/08 13:54 Page 2 PROOF 7 Graduate Accounts Current Account Loan Credit Zone Overdraft Overdraft Repayment Plan Application Form client account THE ROYAL BANK OF SCOTLAND RBK-LITERATURE. Set up a standing order to save your money and consider turning on Round Ups to squirrel away the spare change (Eligibility criteria apply. Problem with Natwest Student AccountNatWest Student: 72%: Year 1:. I have been accepted for a student account with Natwest, they haven't sent me any confirmation of that yet but i know it has changed as my online banking now says student/graduate account, but there;s no overdraft facility yet? I have been offered a place and have a letter confirming this, i'm a mature student. What Are Natwest’s Overdraft Interest Rates? If you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. The Natwest student bank account comes with a £500 interest-free overdraft in your first year rising to £2,000 in years two and three. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Co-Op does not have a "graduate account", so if you graduate after 3 years, the student account is supposed to be extended for 12 months after graduation, then the overdraft is set at 0 unless otherwise prearranged. Plus, the bank is well-established, has an easy-to-use app and hundreds of. It is specifically UK resident students only guide. Act Now Alerts will tell you when you go into an unarranged overdraft or are about to have a payment rejected. NatWest will notify you about this ahead of time and it doesn’t require any action on your part, so it’s an easy transition. Choose to increase your overdraft limit at 6, 7, and 10 months. To qualify for the NatWest Account you must be: Aged 17 or over; A UK resident;. * Eligible students in third year onwards can apply for up to £3250 from 2nd October 2023. What I liked about the student account was that it had an interest free overdraft of £1250. However I recently found out that Santander offer a railway card which would mean 1/3 spent on travel for me compared to paying the full cost per month on pay as you go. Mine is £1500 the first year as a graduate, reduced to £1000 in the second year. For example, if you have no money left in your account and you spend £30, your balance would be -£30. Natwest student accounts switch over automatically based on graduation date, it's not done manually. You can ask HSBC to increase this limit up to £2,000 in. The quickest, easiest way to register and manage your alerts is through your Online Banking. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. NatWest – 4%. 03. From mobile, select ‘Overdrafts’ from your bank account menu, or click the ‘Your Overdraft options’ link. Switch to First Direct. That £2,000 facility will then reduce to £1,000 for a further 12 months. 6. Hi everyone, I'm going into my 2nd year of uni now and I'm looking to get a student account, Natwest seems to be the best as they offer a £2000 overdraft along with other perks for joining. Use of your account Your 1I2I3 Graduate Current Account will last up to 2 years before it automatically transfers to an appropriate current account. Breakdown your budget. Your account number, sort code and debit card will stay the same. I suddently got a letter while I was on holiday telling me I need to repay my overdraft by. If you have a FlexOne, you’ll only be able to apply for an arranged overdraft. Register your card in the mobile app before you go. Your student account comes with an interest-free overdraft that you can request to increase each year you're studying. 9% p. grad account year 2: 1000. Select ‘Send money’, ‘Make a payment’, then choose who you want to pay from your payee list. With our Student Current Account, you can apply for an interest-free arranged overdraft of up to £1,500 in years 1 - 3 and up to £2,000 in years 4 – 6. The most important feature of your graduate current account is the 0% overdraft it offers. On this page Overview Change an overdraft limit Student overdrafts Common questions. Nearly all student accounts are limited to £1,000 a year if that as they often require you to have been working and the £3,000 is at the end of 3 years. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. it happened to me. Apply for an interest-free overdraft of up to £1,500 over the course of your studies. You can’t have had a FlexStudent or FlexGraduate account on 31 July 2023. Offer - free tastecard for 4 years (worth £29. After you graduate they will reduce the arranged overdraft gradually, so you have to find the account before this happens else you will pay interest and maybe fees. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're. Their 123 account is the only account in the UK that guarantees a 0% overdraft for your entire time at university. Book yours today. stargazeypie Posts: 20 Forumite. Giving you peace of mind with your banking. This charge also applies to providing details of paid cheques. I already had an early student bank account so had a £200 overdraft, I then went and applied for the £500 overdraft when my university place was confirmed. This is a full analysis of your credit history and, unlike the soft check, it'll be visible on your credit report. Start with just £50 and top-up with as little as £10. Just follow these 3 simple steps: Open the NatWest app and click on your chosen current account. uk Gift Card. Lloyds, for example, moves graduating students on to its Graduate Account, which lets customers apply for an interest-free overdraft that gradually reduces each year; up to £2,000 in the first. Taking out multiple overdrafts is a stupid idea, because you are only increasing your burden of debt to repay once you graduate. 16 July 2008 at 5:30PM. Download the NatWest app. Those signing up with Santander can bag. Click the link here to sign up for an HSBC student account. This is a benefit of the natwest graduate account that I took advantage of. Only one 1I2I3 Graduate Current Account can be open at. While NatWest doesn't charge student borrowers its new overdraft rate of 39. Apply for an interest-free overdraft up to £1,500. Compare our accounts to find one that's right for you. 9% p. So if your overdraft's up to £350, it pays some off and the rest is interest free. Our extensive personal banking products include. £2,000 £1,000 and £500 if you go over that they just charge you the usual overdraft rates. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one. Once the overdraft's paid off, you can then work to build your savings back up. Even after however, they will likely decrease your overdraft amount. Multiple Student Accounts; NatWest student overdraft; Overdraft; Santander bank;. 30 May 2007 at 10:57AM. The maximum Student overdraft is £3,250. Overdrafts guide;. Replacing lost or damaged cards. 28 July 2009 at 2:39PM. 48 votes, 85 comments. 9 July 2009 at 6:12PM. 99%: Overseas cash withdrawals: 2. For example, Natwest have said that i need to deposit £750 every 3 months. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 9. Cash ISAs. Graduate Current Accounts - Four Star. Once your interest free overdraft runs out with Halifax, you should go check out Natwest or Lloyds TSB's graduate accounts if you find yourself still needing an overdraft. Your current address. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. 89% to 39. A Student bank account is designed to make your life in higher education a little bit easier. According Natwest's site the student account is turned into a graduate account when you graduate. Then standard rates apply. 28 July 2009 at 2:39PM. Get paid an interest rate of 0. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. Student or Adapt account. Log in to NatWest Online Banking. Get more financial flexibility. Subject to lending criteria. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. Everytime I go into online banking they are advertising it to me, on the mobile. Year 2: £2,000. Yeah its interest free. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. . So you'll need a plan on how to pay it back, ideally before the. There are no fees, no charges and no interest to pay. Your account number, sort code and debit card will stay the same. HSBC. Customer Service. Pay with your debit or credit card – it’s a safer way to pay and gives you more protection. Students studying medicine, dentistry, law, accountancy, pharmacy, optometry, physiotherapy and veterinary science can apply for an interest-free overdraft limit of up to £3,000. For example, the Lloyds student bank account offers an interest rate of 2% per annum for balances up to £5,000 and a sign-up incentive of £100. If you have a Natwest student account, it'll be automatically changed to a graduate account once you've graduated. Manage your loan. Yr 1, up to £1,000; Yr 2, up to £1,250; Yr 3, up to £. With graduation dates set and debts looming, it’s time to start thinking about your future and finance. Your child can withdraw money once they’re 18. Yeah they reduce the interest free overdraft over three years once you've graduated. The three student accounts I had (Natwest, HSBC and Barclays) all auto converted to a grad account when my graduation date passed, as I had to inform them of it when I opened the account. if you take out an overdraft of 500 from the bank the moment money from work or student finace comes in the bank takes back the overdraft you borrowed and then the process goes round in a circle once again. 13 years ago. Choose from our fee-free account or view our full range of accounts. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. We would like to show you a description here but the site won’t allow us. . The Adapt current account is available for 11-17 year olds. Often the. i. ›Budgeting & bank accounts. EN. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. This means you’re using an overdraft. The minimum overdraft limit you can apply for is £250. £21 - between our branches. Quoted from NatWest's website: If you hold a Student account and are graduating this year, we will be in touch to let you know we will be moving you onto a Graduate account in July/August. I have recently tried applying for an overdraft, well started filling the forms out online, I got to the page requiring me to enter the limit I wanted (£500) and I noticed a message saying "Your application for an overdraft is unlikely to be accepted at the moment" So I've held off from applying as I don't want a rejected overdraft request recorded on. Book a Financial Health Check. To apply you must be 18+ and a UK resident. Ready to apply. Open a bank account online - FAQs. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Whether you're starting a side hustle or looking for tips to improve your. I have a Natwest Student account with £1400 Overdraft at its limit! I just Graduated This Year and have been told that my account will be changed to a Graduate Account. 50 in 2018 to £486 the following year. play button. Manage your home insurance. The NatWest and RBS student accounts start with a definite £500 0% overdraft – after your first term you can request for it to. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. 9 million profit. 49% EAR on £2,250 of the £3,250 limit. An overdraft is a form of borrowing and is repayable on demand. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. To remove the block, navigate to the same page and unselect ‘Gambling Transactions’. 0% on purchases for 3 months from account opening. No Charge. You should receive about 1200. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. 39. App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries. 9% EAR (RBS), 17. Benefits The Natwest Student Account gives you £80 in cash and a four-year Tastecard which is worth £35 per year. Mobile app required and available with compatible iOS and Android. You can also set up alerts by calling us or talking to us. Proof of a confirmed place for studying in uni or college (4-digit UCAS code) If you’re an international student, you don’t meet the 3-year living in the UK requirement, but you may be able to open a Halifax Current Account . Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. If you are unsure how the interest or charges work, please read more about our rates & charges. Mobile app required and available with compatible iOS and Android. Plus if you have our Student account you could get deals. You can apply for up to £1,000 interest-free arranged overdraft in your first year, up to £2,000 in your second year and up to £3,000 in your third year and onwards. Increase your overdraft limit to £2,000 from year two. Our Video Banking service provides you with banking from a location of your choice. Up to £2,000 in your 3rd year and any further years of. Mobile app required and available. Open a student bank account. One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraft. With the HSBC Graduate Bank Account you'll get: You may be eligible for an overdraft facility, of which £3,000 will be interest-free during your first year and £2,000 in your second year after graduation. I have searched my bank's website, but its… When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. A video chat with one of our friendly senior personal bankers could help you review your money situation. You’ll also earn interest at an agreed rate. These costs then bounced back in 2021 to £518. In the fourth year after you graduate you will automatically move onto a Select account and your arranged overdraft will no longer be interest free. Best High Yield Savings Accounts. An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account. If you already have an arranged overdraft limit on your account that you feel is too low or too high, we could help you change it. 1 Overdraft rates and fees This current account comes with an interest-free and fee-free Arranged Overdraft. All you need to do is specify the overdraft that you wish to apply for (this is the new full amount not just the increased or decreased amount). 7. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant. Fraud & security. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. We’ll talk to your old bank and on day 7, your balance will be transferred to the new account. Natwest - paying off student overdraft. 49%. Natwest have contacted me about my student account which will be automatically changing to a graduate account soon, and I have a year until my overdraft stops being interest free so definitely aiming to pay that off before they start charging interest. Yep totally free, I graduated and extended it to £2000, then it was reduced to £1000 after 1 year. £21 - between our branches. Students can apply for up to £3,250 interest-free from year three onwards. How graduate bank accounts work. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. Just thought I'd get this out there, in case anyone here knows any students using NatWest for their student accounts. In the third year of your Graduate account, you could benefit from up to £1,250 interest-free arranged overdraft. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. Go in to your branch, and talk to a manager. When you graduate, we'll gradually. We've ranked and reviewed the best student bank accounts as well as the top graduate accounts on offer. They'll automatically change unless you evidence further study. Also, to. Postgraduate Bank Accounts (UK Students) Bank Account Name Overdraft Perks; RBS / Natwest: Student Bank Account: £500 in the first term, up to £2,000 after that: A National Express Young Persons Coachcard - valid for 4 years – giving you 1/3 off coach prices with National Express: HSBC: Student Bank Account: £500-£1,000 in the first term. 2 for 1 or 50% off food at participating restaurants plus. You can arrange a transfer from overdraft to credit card with a money transfer credit card. Student arranged overdrafts are available to NatWest Student current account customers, aged 18 or over. If you have savings, this could be easiest way to pay off your overdraft debt. 49 per cent, the first year after they graduate their interest-free buffer will shrink from £2,000 to £1,000. According Natwest's site the student account is turned into a graduate account when you graduate. Welcome to Learning with NatWest. Arranged overdraft of up to £1,500 interest free (subject to application, financial circumstances, borrowing history and lending criteria) Now available to Higher Apprentices (Level 7+)Persistent credit card debt, also known as long term credit card debt, applies when you’ve paid more in interest, fees and charges than you’ve paid back on the amount you’ve borrowed over an 18 month period. natwest have reduced the overdraft charges though, so you wont be raped so badly. As you changed your work status to ‘graduate’, that means you could be eligible for an overdraft between £250 to £2,000. There may also be limits depending on what year of study you’re in. eruka Posts: 9 Forumite. Which they will then be put on a specific Graduate account plan once they graduate in order to pay the. The arranged overdraft limit can be up to £510 for the first 6 months, than you can apply to increase it up to £1010 in your 7th to 9th month of studying, and from the 10th month you can apply to. The forms can be located via our general complaint form. Debt is never a good thing, but a student bank account overdraft is an excellent buffer to keep up your sleeve, in case of. A big difference between a savings account vs a current account is how often you access your money. Your old account will be closed. Act Now Alerts. amend the limit on any arranged overdraft (and that overdrafts are only available to applicants aged 18 years or over). Easily use our mobile banking app. But the figure declined to £437. Does Natwest allow you to have an overdraft on your student account. Overdraft available to NatWest student current account customers aged 18+. Bank whenever and wherever you want, and use our tools to help you stay on top of your finances. A student account only remains a student account for so long and you say it was. If your student loan doesn't go in, they'll either guess you've dropped out, or they'll think you have another student bank account, and it will be withdrawn. Our app's Savings Goal Tool can help you work out how long, and how much, it'll take to reach a specific goal. ##. Santander has consistently gained glowing reviews for their student account. Must be 18 or over and living in the UK permanently. You can’t request that a cheque is paid to multiple accounts, we will only accept; 1 cheque with 1 paying-in slip or multiple cheques with 1 paying-in slip If the cheque(s) is in pounds sterling, they will be processed within 5 working days of receipt, foreign cheques can take up to 12 weeks to be processed and for funds to be receivedPart of Natwest's graduate package is to provide an interest-free overdraft of £2000, falling to £1000 after the first year of graduation, then £500 after the second year, then to zero after three years. co.