santander student account

For further explanation of our main terms and services take a look at our Glossary. Check our comprehensive guide on how to go about it. $50 bonus offer expires 9/30/2020 2. 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. Check our comprehensive guide on how to go about it. 5.https://www.santander.co.uk/assets/s3fs-public/documents/fid-student-current-account.pdf Santander has one current account available for students – the Santander 123 Student Current Account. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. If you already bank with Santander, you must visit a branch to switch your account to a student product². 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. You also get a four-year 16-25 Railcard (worth £90ish) which gets you a third off rail travel, though you may not be travelling as much as normal with coronavirus travel restrictions and more online lectures. View all current accounts. Free 16-25 Railcard for new customers. It is not intended to amount to advice on which you should rely. To increase this to £1,500 you’ll need to: The table below shows you how you’ll be charged for using your overdraft. UCAS Digital AS12, a student ID card (must include expiry date), a letter from your higher education provider, or apprenticeship confirmation from your university and/or employer. Keep the account open and in good standing for 90 days. pay in £500 and continue to pay in at least £500 per academic term. The top student account freebie is offered by Santander. This could make it harder or more expensive to get credit with us or other providers in the future. Watch out, it counts a month from the anniversary of the account opening, not a calendar month. Spain’s biggest bank offers a wide range of current accounts including a basic account, a classic account a young person’s account and a non-resident account. There’s no monthly fee ... You can open an account at a Santander branch in person or online. You can access the 1|2|3 Student Current Account anytime, anywhere. When you open your account you’ll get an arranged overdraft limit of £250. 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. Registered Number 2294747. Access your account information online with internet banking from Santander; manage your money, cards and view other services. Among the student current account options is the Santander 1|2|3 Student Current Account. Before 12 April 2021, monthly interest of 1%, You’re 18 or over and live in the UK permanently, You’re studying or are about to begin an undergraduate course that is at least 2 years in length, or level 4 to 7 apprenticeship. 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. 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. 1.https://www.santander.co.uk/personal/current-accounts/123-student-current-account This means you can’t apply until you've received your exam results if your university place was offered on a conditional basis. Santander International is the trading name of Santander Financial Services plc, Jersey Branch and Santander Financial Services plc, Isle of Man Branch. 2.https://www.santander.co.uk/personal/current-accounts/123-student-current-account/apply-for-a-123-student-current-account Telephone 0800 389 7000. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. First thing's first, you need to choose the bank account you want to switch to. There are, however, some fees you need to know about, especially when it comes to using your account to send and receive international payments, or cover your costs while you travel. Most banks actively target students in the hope that once you’ve graduated and start making money, you’ll stick with them. Santander only pays interest & cashback in months you've paid in £500+, had two 'active' (so not disused) Direct Debits, and paid your monthly fee. best student bank account providers for 2019 was Santander's 123 Student account, with a customer score of 76%. The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. Face-to-face support in branch and UK-based telephone support: This is a paper-free account which means: Keep your banking details private and secure. Open and use a new Student Value Checking account to earn a $50 bonuswith this offer. Opening a bank account in Canada can be difficult if you’re not a resident but not impossible. Here in the United States, we offer simple, personal and fair financial solutions to help our customers prosper. If we allow a payment, it will take you into an unarranged overdraft. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. you have your exam results) before you apply, You pay in at least £500 per academic term. You’ll get a debit card and overdraft facilities, which can increase over time, depending on how you manage your account¹. There’s no monthly fee to maintain the account. 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. Interest is paid on balances of £300-£2,000, and the account is paper free, with online banking facilities¹. Student accounts. That means you can receive money via local payment methods in these major world currencies, just like a local. Going to university can be expensive. your account makes or may make  use of an unarranged overdraft, you have regular payments due on your account and you don’t have the funds to cover them. 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? Interest is calculated daily and paid monthly. Oh, and TransferWise gives you the most fair exchange rate out there, the mid-market exchange rate. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount. Prior results do not guarantee a similar outcome. 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. £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. Opening a bank account in Singapore can be difficult but with little patience you can make it happen. The Santander student account, for example, which is called the Santander 1|2|3 Student Current Account comes with a free 4 year railcard which gives reduced price train fares, as well as a range of discounts at selected retailers. You’ll need to show that you have already started university, or have received an unconditional or confirmed conditional offer for a place on a recognised course of study. *All sources checked on March 7, 2019. You can ask to reduce the limit at any time. Retailer Offers makes it easier to earn a little extra from a variety of Retailers. where a payment is refused as you don’t have enough funds. If you’re about to start university in the UK - or if you’re already taking an undergraduate course or level 4-7 apprenticeship - you might be eligible for a student account from Santander. 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. You also get a free 4 year 16-25 railcard. You don’t already have an existing Santander current account. 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). Check out this new Santander Student Checking Deal (must use this link) to get a $25 cash bonus when you open a new Student Value Checking Account by March 31, 2019, and make 10 debit card purchases with your Santander Debit Card within 60 days of account opening. This is because you can’t run a student account alongside another account with Santander, so you’ll need to close your original Santander account before you can get started with your student account. www.santander.co.uk. Sources used for this article: 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). Student Value Checking: Students ages 16-25 can open this account, which has no monthly service charge. This is available to students and apprentices from levels four to seven. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. 123 Student Current Account. You will get 4.89 per cent interest on up to £500 paid monthly. A good alternative to look at - especially if you send and receive international payments frequently, or love to travel - is the TransferWise borderless account. Account holders can also access cashback offers at selected retailers. If you do hold a Santander current account, you’ll need to transfer it. A simple and intuitive account that makes it easy to waive the Monthly Fee. A Santander 123 Student Current Account is designed with students in mind, generally considered as one of the best student bank accounts in the UK. 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. 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