santander student account

Several student bank accounts come with freebies and other incentives. Refine your search. If you open a checking account online, you can fund this new account with a credit card or debit card (If you choose to fund this account with a credit card, your financial institution may charge you a cash advance fee). Going to university can be expensive. A student bank account is a checking or savings account that a bank, credit union or other financial institution offers to students. Use the tools below to refine your search by only displaying reviews with a certain number of star ratings or to only show reviews from a certain time period. 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. 5.https://www.santander.co.uk/assets/s3fs-public/documents/fid-student-current-account.pdf Once you switch on Retailer Offers in Online or Mobile Banking, you’ll be able to choose the offers you’re interested in and earn up to 15% cashback just by using your Santander cards. We use cookies to improve your experience of our site and the way we communicate with you. 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. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. To qualify for a 123 student current account, you must: Be aged 18 or over; Have a permanent UK address However, the account does come with a little bonus that no other graduate account does: in-credit interest. Understanding Santander’s Student Account takes a little more work than some of its rivals. You’ll also have to pay in at least £500 per academic term to retain the benefits the account offers. We offer current accounts, savings, mortgages, loans, credit cards and much more. Check our comprehensive guide on how to go about it. They offer 1% AER interest on balances up to £2,000. You might choose to get an alternative account to use for sending and receiving international payments, and spending while you travel, for example. You have unsaved changes. To open your Santander student account you’ll need to have the following³: Santander’s account for students is called the 1|2|3 Student Current Account. Opening a bank account in the USA can be difficult but with little patience you can make it happen. Some students may consider opening one of these, if they are working or want to save money for travel or emergencies. pay in £500 and continue to pay in at least £500 per academic term. Here in the United States, we offer simple, personal and fair financial solutions to help our customers prosper. *Rates are displayed to two decimal places. To receive the overdraft you must deposit at least £500 per term into the account (ie. For further explanation of our main terms and services take a look at our Glossary. You don’t already have an existing Santander current account. 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. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. Student bank accounts paying high interest Santander also pays monthly interest on credit balances - at a rate of 1% AER on balances up to £2,000. Have direct deposits totaling $4,000 or more post to the account within the first 90 days, starting the first business day after opening the account. To open a Santander 1|2|3 Student Current Account you must be aged 18 or over, and a UK resident¹. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Assuming your account is well managed, and depending on the length of your university course or apprenticeship, your arranged overdraft limit will be as follows⁴: When your period of study ends, your account will either be closed or transferred to a different Santander Account - in either case, you’ll be given notice in advance of the change⁴. 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. Check our comprehensive guide on how to go about it. Yes No. Check our comprehensive guide on how to go about it. Student and Graduate Opportunities WHO WE ARE. If you do hold a Santander current account, you’ll need to transfer it. To help students through their journey, the account includes a free four-year 16-25 Railcard, exclusive to Santander student customers, which gives them a third off standard rail fares. First things first: what are the different accounts available? For more information visit Account alertsYou can manage your alerts settings at any time by using Online Banking, calling us on 0800 9 123 123 or visiting a branch. Santander is making its Railcard available to all new Student Account customers, all customers switching to the Santander Student Account from other banks and customers who are upgrading to Student Accounts from non-Student accounts (such as Santander’s Youth Account). 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. If you need support with managing your money or if you’re in debt, please visit our money worries page for further support. Santander and the flame logo are registered trademarks. Sign-In 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? Find out more at Santander.co.uk There are, however, some fees you need to know about, especially when it comes to using your account to send and receive … This should only take 10 minutes - although you also have the option of visiting a branch if you want some face to face help². You must be able to provide your UCAS 4-digit status code. The Santander 123 Graduate Account is only available for students currently on the 123 Student Account, meaning you can’t switch after graduation. An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Santander 123 Student Current Account Santander’s student account comes with a free four-year 16-25 railcard, giving you a third off when you buy an off-peak rail ticket in the UK. The Santander 123 Student Account is a great all-round choice for students. To increase this to £1,500 you’ll need to: The table below shows you how you’ll be charged for using your overdraft. For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre. Once you graduate, Santander will either close your account or transfer you to a 1|2|3 Graduate Account⁴. There’s no monthly fee to maintain the account. 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. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. Santander’s student account remains an excellent value for students, especially those who need to catch trains a lot, such as those moving to the other side of the country. Learn more and see your settings in our cookie policy. Find out more at Santander.co.uk. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. More on that later. 3.https://apply.santander.co.uk/PubRetOJBankWeb/ola.htm?_flowId=student&fatca=true&psb=3007190000001&pss1=3007190000002&pss2=3007190000004&pss3=3007190000006&pss4=3007190000008&pss5=3007190000010&psd=5057000000001&ex=310520&refId=student&PPC=3007220000001 Santander Bank $600 Checking Bonus (Targeted) Select residents can earn a $600 bonus from Santander Bank when you open a new checking account.Your promo code will be generated at the offer page. All other fees apply. You can also get a linked debit card to make ATM withdrawals and pay for things anywhere you see the MasterCard logo. An overdraft lets you borrow through your current account. Pay in at least £5,000 per month into the Select Current Account OR keep £75,000 in any Santander investment(s), savings or current accounts; £5 monthly fee to maintain the account Most banks have specific checking accounts for students, such as the Chase College Checking Account and the Santander Student Value Checking Account. Retailer Offers makes it easier to earn a little extra from a variety of Retailers. 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. Student bank freebies. Your account may come with a small overdraft (under £100) but unfortunately, as an international student, you probably won't be able to apply for a big one.. Bank accounts aimed specifically at international students generally do not come with an overdraft as they do not consider you a long-term customer. Student accounts may … At Santander, we have several borrowing options to help you fund your education. Oh, and TransferWise gives you the most fair exchange rate out there, the mid-market exchange rate. Earn up to 15% cashback with Retailer Offers. 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. Updated 1/7/2019 – New $25 Santander Student Checking Offer Without Direct Deposit Requirement Available. A lot of banks offer special bank accounts for students. Prior results do not guarantee a similar outcome. As lockdown measures are eased and more people return to train travel, students will benefit by saving an average of £199 every year with their four-year Railcard. As long as you meet the eligibility requirements for the 1|2|3 Student Current Account, you’ll get an arranged overdraft facility. Home Equity Line of Credit A good alternative to look at - especially if you send and receive international payments frequently, or love to travel - is the TransferWise borderless account. We are Santander US, and we’re wholly owned by Santander Group, a global bank which serves more than 100 million customers in the United Kingdom, Latin America and Europe. Here to help you prosper 3 Domestic ATMs are ATMs in the 50 United States, the District … How does our overdraft compare? The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. Santander's 1|2|3 Student Current Account offers interest of up to 3%, a free 4-year 16-25 Railcard and is once again set be the most popular UK student account 2.. This could make it harder or more expensive to get credit with us or other providers in the future. And with so many options on offer, figuring out which account best suits your needs can be tricky. Try the TransferWise borderless account, for a flexible way to manage your money across over 40 different currencies, and see if you can save. www.santander.co.uk. Access your account information online with internet banking from Santander; manage your money, cards and view other services. 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. you have your exam results) before you apply, You pay in at least £500 per academic term. 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. Sources used for this article: You can also register for other account alerts to help you to stay on top of your finances. Activate your Santander Debit Mastercard ®: You'll receive it in the mail within 5 to 7 days. Welcome to Santander. Enjoy convenient online bank account options from one of the best personal banks. If you're about to begin your university studies, you must have a ‘confirmed conditional’ offer (this is given once you have received your results) or an ‘unconditional’ offer of a university place. You'll receive your 16-25 Railcard within 5 working days of completing your order. Your account will automatically transfer to our 1|2|3 Graduate Current Account (2.45 MB) which comes with a £2,000 fee-free Arranged Overdraft. Here’s all you need to know about the Santander student account. 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. Our Financial Services Register number is 106054. 2.https://www.santander.co.uk/personal/current-accounts/123-student-current-account/apply-for-a-123-student-current-account Interest is paid on balances of £300-£2,000, and the account is paper free, with online banking facilities¹. In both cases, you'll also need to make a minimum deposit into your new checking account at the time you open it. 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. PLEASE NOTE: In order to support our colleagues and provide essential services to our customers during the evolving coronavirus situation, we will be splitting our network of branches into full service and limited service locations beginning March 23, 2020 until further notice. To view these documents you may need to download Adobe Reader​​​​. Santander UK plc. Apply for a bank account online with Santander Bank. Registered Number 2294747. It offers an interest-free overdraft, discounts with retailers and interest on in-credit balances. 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. You'll need to provide us with an email address when you open the account as we’ll send you an email to let you know when a document is ready to view. 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. And give it a try. borderless multi-currency account from TransferWise, how to make your first transfer with TransferWise, How to open a bank account in the United Kingdom, Barclays Student Account: Everything You Need To Know, Nationwide student account: Everything you need to know, Halifax Student Account: Everything You Need to Know, 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. Set Up Alerts: Keep track of your account activity with alerts via text or email. 1 No Monthly Fee for Santander ® Savings with any personal Santander checking account or with $100 average daily balance in the Santander ® Savings account (otherwise, $1.00). You can access the 1|2|3 Student Current Account anytime, anywhere. Read this article to learn all you need to know about a student bank account with Barclays, A lot of banks offer special bank accounts for students. When you’re choosing the right student account for you, it pays to shop around a little. If you exceed your arranged overdraft, you’ll also have to pay fees⁴. For more information on the Santander 16-25 Railcard please see the Frequently Asked Questions in our help and support section or visit the Rail Delivery Group FAQs page. Opening a bank account in the UK is no longer difficult as it was before. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. There is a cost associated with using an overdraft. £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. 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