Student Bank Accounts

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Student Bank Accounts by Mind Map: Student Bank Accounts

1. Nadele / Santander

1.1. Overdraft

1.1.1. Year 1: £1,500 Year 2: £1,500 Year 3: £1,500 Year 4: £1,800 Year 5: £2,000

1.1.2. Upon opening the account you’ll be given a 0% overdraft of £250 which will increase up to £1,500 within your first year. If your course is longer then you can get up to £2,000 by your fifth year.

1.2. Eligible

1.3. Deposit

1.3.1. To receive the overdraft you must deposit at least £500 per term into the account

1.4. Overdraft fees

1.4.1. Arranged

1.4.1.1. No fee

1.4.2. Unarraged

1.4.2.1. £5 per day (capped at 10 day each monthly statement period)

1.4.2.2. £5 per trasaction

1.5. Railcard

1.5.1. Once you’ve opened your 1l2l3 Student Current Account and registered for Online Banking, a unique code will be sent by secure message to your Online Banking within 5 working days of account opening.

1.5.2. You'll receive your 16-25 Railcard within 5 working days of completing your order.

1.5.2.1. Your unique code is valid for 60 days from the date of issue and cannot be re-issued once expired.

2. Poy / Nationwide

2.1. Overdraft

2.1.1. limit of £1000 in Year 1

2.1.2. Increase up to £2000 in Year 2

2.1.3. Increase up to £3000 in Year 3

2.2. Eligible

2.2.1. Aged 18 years or over

2.2.2. been accepted onto a full-time UCAS course at UK for at least 2 years

2.2.3. Not ready have a student account with another provider

2.2.4. applying within 2 months either side of your course start date

2.3. Interest

2.3.1. get 1% AER/gross on £1000 up

2.4. No charges and fess on FlexStudent

2.4.1. Day of deposit

2.5. In each year of study must pay in at least £500 per term

2.5.1. Remove or decline to increase overdraft

2.5.2. Close account by giving 2 months' notice

2.6. Overdraft Fees

2.6.1. Arranged

2.6.1.1. Op per day

2.6.2. Unarranged

2.6.2.1. Op per day