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. £1.99) if you withdraw in pounds, 1.5% of the transaction value (min. Check our comprehensive guide on how to go about it. Santander UK plc. 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. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. 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. It offers an interest-free overdraft, discounts with retailers and interest on in-credit balances. 2.https://www.santander.co.uk/personal/current-accounts/123-student-current-account/apply-for-a-123-student-current-account Find out more at Santander.co.uk. Do you want to leave the page? To increase this to £1,500 you’ll need to: The table below shows you how you’ll be charged for using your overdraft. You can access the 1|2|3 Student Current Account anytime, anywhere. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. An overdraft lets you borrow through your current account. You can also register for other account alerts to help you to stay on top of your finances. 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. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Several student bank accounts come with freebies and other incentives. Some students may consider opening one of these, if they are working or want to save money for travel or emergencies. 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. Check out how to make your first transfer with TransferWise. How does our overdraft compare? This should only take 10 minutes - although you also have the option of visiting a branch if you want some face to face help². If you’re the parent of a student, or if you’re a graduate student and have built up some collateral, there are supplemental funding options available through your bank. We use cookies to improve your experience of our site and the way we communicate with you. You'll receive your 16-25 Railcard within 5 working days of completing your order. 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. 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. This means you’re getting the very best available exchange rate, and you’ll only ever pay a low, transparent fee, which you’ll always see upfront. And give it a try. Here’s all you need to know about the Santander student account. Telephone 0800 389 7000. 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. Prior results do not guarantee a similar outcome. 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. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. 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. TransferWise is different. £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. Going to university can be expensive. 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. Calls may be recorded or monitored. To open a Santander 1|2|3 Student Current Account you must be aged 18 or over, and a UK resident¹. 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. The Santander 123 Student Account is a great all-round choice for students. 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. First things first: what are the different accounts available? All of this can add up pretty quick. All the features of the 1|2|3 Current Account and receive a more personal banking service. To receive the overdraft you must deposit at least £500 per term into the account (ie. 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. 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. Yes No. Learn more and see your settings in our cookie policy. To view these documents you may need to download Adobe Reader​​​​. 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. Browse all Santander Bank locations in New York, NY. Try the TransferWise borderless account, for a flexible way to manage your money across over 40 different currencies, and see if you can save. Access your account information online with internet banking from Santander; manage your money, cards and view other services. Understanding Santander’s Student Account takes a little more work than some of its rivals. 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. You’ll get a debit card and overdraft facilities, which can increase over time, depending on how you manage your account¹. 5.https://www.santander.co.uk/assets/s3fs-public/documents/fid-student-current-account.pdf Here in the United States, we offer simple, personal and fair financial solutions to help our customers prosper. Read our full analysis in our guide to the best and worst student accounts. 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. Santander International is the trading name of Santander Financial Services plc, Jersey Branch and Santander Financial Services plc, Isle of Man Branch. 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