Student Current Accounts

Find the best student bank account offers in 2024

Get a FREE 4 Year Railcard from Santander!

For students looking for a good current account, Santander UK is offering a free railcard for 4 years as long as you are 18 and are in or are about to enter into full-time further education.

Student Current Account Offers

Account

Santander Edge Student Current Account

Features

A free 4-year Santander 16-25 Railcard worth £100 plus a total average saving of £768 (average saving of £192 per year)

Funding Required

£500 every 4 months

Overdraft

£1,500 Interest Free increasing to £2,000. Subject to status

More info

More Information About This Account

An interest-free and fee-free Arranged Overdraft, up to £1,500 in years 1-3, then up to £2,000 if you stay on to year 5. Subject to status
A free 4-year Santander 16-25 Railcard worth £100 plus a total average saving of £768 (average saving of £192 per year)
Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking) Visa Debit card for making purchases and accessing your money at cash machines
No monthly account fee

Must be over 18 and live in the UK permanently
Must be studying or are about to begin an undergraduate course that is at least 2 years in length, or level 4 to 7 apprenticeship. If you’re about to begin your course, you must have an ‘unconditional’ or ‘confirmed conditional’ offer (i.e. you have your exam results) before you apply
You must pay in at least £500 every 4 months and must not already have an existing Santander current account. If you do, you’ll need to transfer it

Latest Student Current Accounts 2024

If you are going to university, you may wish to consider opening a student account. A student account is similar to a current account, the main difference being that it has the benefit of a large interest-free overdraft, ideal for you if you are moving away from home for the first time and are perhaps not used to controlling your finances and being so independent.

Converting your Current Account into a Student Current Account

Most banks and building societies offer the student account option. Still, it is fair to say that most university students stick with their original bank and convert it into a student account.

Sticking with the same bank is beneficial as you may already be greatly acquainted with the online banking system used by that bank. Still, it is worth comparing various student current accounts offered by different banks to find the best offers. Many banks provide attractive incentives to students, so shop around.

Converting your Student Current Account into a Graduate Current Account

Once you have graduated, most banks or building societies that offer student current accounts also provide the option of converting your student current account into a graduate current account, with the interest-free overdraft still available.

This is a valuable feature on a student’s current account and is attractive to anyone about to become a student who has rent to pay, loan instalments to manage, possible grants and bursaries, bills to pay and not to mention food shopping and money set aside for the many drinking opportunities that may come your way.

Compare Current Accounts

Before you commit to a particular bank or building society’s student current account, it is wise to compare a range of available student current accounts offered by different banking organisations. Use our comparison tables to gain insight into your various options. Our team have done the hard work for you and will save you time, energy and the possible stress that comes with searching for the right student current account for you.

Can I convert my current account into a student current account?

Most banks and building societies offer the student account option but it is fair to say that most people who are going to university stick with their original bank and simply convert it into a student account.

Sticking with the same bank is beneficial as you may already be greatly acquainted with the online banking system used by that bank but it is certainly worth comparing various student current accounts offered by different banks in order to find the best offers.

Many banks provide attractive incentives to students so shop around.

Banking & Savings News

25th
Jul