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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.

We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.

How much will an Overdraft cost?

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.

More about Overdrafts

We know it can be difficult to budget whilst at university. Planning your budget isn't always easy, but it's an important part of student life. Luckily we have a range of budgeting tools which can help you throughout your journey.

The Mobile App can help you stay on top of your finances:

• View your statements and available balance quickly and easily
• Set monthly budgets on spending categories
• Track your spending categories and highlights
• Get tips on making the most of your money on the insights tab
• Book a Financial Health Check to review your finances and help you make better and more informed decisions on your spending

If you're looking to build your savings habits our Digital Regular Saver could be right for you. Join over 1.5 million customers* and open a Digital Regular Saver today.

Check out our range of savings accounts

You can also save as you spend with round-ups. Pay with your debit card and we'll round up the amount to the nearest pound, then send the spare change to your saving account.

Eligibility criteria and limits apply.

*As of April 2024.

Get paid back without the faff of sharing bank details. Ask someone for money you're owed through the mobile app.

• Send a payment link via your device sharing options.
• Show your QR code to get paid by someone nearby.
• Or use Split the bill to share the cost of a transaction with friends.

Go to 'Payments' then 'Request money' to find these handy features. 

Eligibility criteria and limits apply.

Find out more about requesting money

Everyone should take time to understand their credit score.  Banks and other lenders use a credit score to decide how likely you are to pay them back. Your score is based on how well you manage your finances. A bit like a financial footprint that shows if you’ve missed any bills for example. The higher your credit score the better your chances of getting a loan, credit card or mortgage. A higher score might also make it easier to borrow more money and maybe get a better interest rate. 

You can use the credit score features in the app to:

• Track changes to your score to keep on top of your financial health
• See personal insights for tips on managing your credit score
• Use the Score Predictor to see how future financial decisions might affect your score

Available once opted in through the app to customers aged 18+ with a UK address and is provided by TransUnion.

Check your score now

We do our best to ensure everyone is aware of their account terms and conditions, please take some time to review, print and/or save a copy of these.

When you graduate, your account will automatically be changed to a graduate account around October of the graduation year that you provided when you applied for the student account.

You will remain on the graduate account for 3 years until you are automatically moved to our Select account around October, unless you choose to change to another account before then.

You must advise us as soon as possible of any changes to graduation date and provide confirmation from the university. If you don’t you will be moved to a graduate account around October of the year you originally provided when you opened your account. Then after one year on the graduates account, you may start to pay interest on your overdraft. 

You can advise us of any changes by contacting us on 03457 888 444 (Relay UK 18001 03457 888 444).

 If you leave university early, you should convert your account from a student account as soon as possible.

We understand that sometimes people struggle financially. It feels scary and you’re tempted to ignore the situation, hoping things will improve. If you're worried about paying money back or struggling to pay your rent or bills, it's time to ask for help. 

You can apply to increase or decrease your existing overdraft limit or apply for a new overdraft in the app.

With your Student account you may be eligible for:

• Up to £2,000 interest free from year one (£500 in your first term)
• Up to £3,250  In your third year (from October)

To apply for an overdraft, you need to be 18+. You can add an overdraft to your account once your course has started.