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. Several student bank accounts come with freebies and other incentives. Keep in mind that only certain … The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. To qualify for a 123 student current account, you must: Be aged 18 or over; Have a permanent UK address Updated 1/7/2019 – New $25 Santander Student Checking Offer Without Direct Deposit Requirement Available. New applicants automatically receive a £250 fee-free overdraft when they open an account … Most banks actively target students in the hope that once you’ve graduated and start making money, you’ll stick with them. To be eligible for the Santander 1|2|3 Student Current Account, you’ll need to use it as your primary account, and pay into it every academic term¹. If you're about to begin an apprenticeship, your place on the apprenticeship must have been confirmed. The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. Check our comprehensive guide on how to go about it. Once you graduate, Santander will either close your account or transfer you to a 1|2|3 Graduate Account⁴. Check out how to make your first transfer with TransferWise. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. 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. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. 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. Find out more at Santander.co.uk. All other fees apply. Earn up to 15% cashback with Retailer Offers. 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. 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. Student accounts may … The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. 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. 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. Do you want to leave the page? 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. you have your exam results) before you apply, You pay in at least £500 per academic term. To open a Santander 1|2|3 Student Current Account you must be aged 18 or over, and a UK resident¹. The Santander 123 Graduate Account is only available for students currently on the 123 Student Account, meaning you can’t switch after graduation. Registered in England and Wales. Most banks have specific checking accounts for students, such as the Chase College Checking Account and the Santander Student Value Checking Account. Student bank freebies. 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. 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 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. Here are the main fees you need to know about - you can get the full terms and conditions online from Santander, before you open your account⁵. You’ll be automatically set up to receive text alerts when: You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase. 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. Opening a bank account in Germany is no longer difficult as it was before. A student bank account is a checking or savings account that a bank, credit union or other financial institution offers to students. Santander Student Current Account - Ask a question now. You can also register for other account alerts to help you to stay on top of your finances. And with so many options on offer, figuring out which account best suits your needs can be tricky. 1.https://www.santander.co.uk/personal/current-accounts/123-student-current-account How does our overdraft compare? Santander International is the trading name of Santander Financial Services plc, Jersey Branch and Santander Financial Services plc, Isle of Man Branch. Investment fees, charges and key documents, 1|2|3 Student Current Account Key Facts Document (pdf) (2.53 MB), 1|2|3 Student Current Account Fee Information Document (pdf) (116 KB), Santander 16-25 Railcard Terms and Conditions, 1|2|3 Graduate Current Account Key Facts Document (2.45 MB), 1.00% AER/ gross* (variable) on the entire balance, A free 4-year Santander 16-25 Railcard to save 1/3 on rail travel in Great Britain, An interest-free arranged overdraft of £1,500 in years 1-3, £1,800 in year 4 and £2,000 if you stay on to year 5 - Learn more in our 'Overdrafts and charges' section below, 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. Try the TransferWise borderless account, for a flexible way to manage your money across over 40 different currencies, and see if you can save. 3 Domestic ATMs are ATMs in the 50 United States, the District … Find out more at Santander.co.uk 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. 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). Which means you can save up to 8x by using TransferWise rather than your bank when you send your money abroad. You'll receive your 16-25 Railcard within 5 working days of completing your order. Here’s all you need to know about the Santander student account. First things first: what are the different accounts available? 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. Telephone 0800 389 7000. Enjoy convenient online bank account options from one of the best personal banks. This could make it harder or more expensive to get credit with us or other providers in the future. Check our comprehensive guide on how to go about it. 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. The purpose of a representative APR is to enable customers to compare the costs associated with different credit products. At Santander, we have several borrowing options to help you fund your education. 123 Student Current Account. 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. 5.https://www.santander.co.uk/assets/s3fs-public/documents/fid-student-current-account.pdf Media Gallery for Santander Student Current Account. £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. However, it’s not necessarily the best account for all your financial transactions. Check our comprehensive guide on how to go about it. There is a cost associated with using an overdraft. Compare Santander against its competitors Table: sorted by interest rate, promoted deals first However, there’s an alternative. 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? Prior results do not guarantee a similar outcome. 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. That means you can receive money via local payment methods in these major world currencies, just like a local. 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. It is not intended to amount to advice on which you should rely. 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. Opening a bank account in the USA can be difficult but with little patience you can make it happen. Here to help you prosper 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). Access your account information online with internet banking from Santander; manage your money, cards and view other services. A borderless account can mean you save money on international bank fees - and have more to spend on yourself. An overdraft lets you borrow through your current account. 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. You must be able to provide your UCAS 4-digit status code. 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. 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.. You’ll get a debit card and overdraft facilities, which can increase over time, depending on how you manage your account¹. This should only take 10 minutes - although you also have the option of visiting a branch if you want some face to face help². Oh, and TransferWise gives you the most fair exchange rate out there, the mid-market exchange rate. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. And give it a try. Browse all Santander Bank locations in New York, NY. Open a new Santander® Premier Plus checking account by 10/31/2020 using the unique promotion code shown on this page after you provide your name and email address. When you open your account you’ll get an arranged overdraft limit of £250. 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. You don’t already have an existing Santander current account. www.santander.co.uk. 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. This account offers some student-friendly perks like a free 4 year railcard, which gives a reduced price for rail fares, and discounts of up to 15% at some partner retailers. Apply for a bank account online with Santander Bank. Activate your Santander Debit Mastercard ®: You'll receive it in the mail within 5 to 7 days. Your documents, statements and some of your letters will be sent as e-Documents to your secure inbox on Online Banking (unless you require documents in an alternative format, such as Braille). 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. 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. 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. More on that later. They offer 1% AER interest on balances up to £2,000. 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 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 Halifax. 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. 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. 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. 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. Manage Your Account – Your Way Whether you bank on your phone, laptop, or tablet, digital banking allows you to manage your money where and when it works for you. View all current accounts. 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. 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. If you already bank with Santander, you'll need to close or transfer your existing account, so that your student current account is your main bank account. The only other provider paying credit interest to students is TSB, which pays 5% interest on balances up to £500. we’ll automatically increase your overdraft limit as shown below at the start of each year of study. Makes student life a little easier with our Student Current Account, you’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. £1.99) if you withdraw in pounds, 1.5% of the transaction value (min. Learn more and see your settings in our cookie policy. TransferWise is different. If you need support with managing your money or if you’re in debt, please visit our money worries page for further support. For further explanation of our main terms and services take a look at our Glossary. Our Financial Services Register number is 106054. If we don’t have a valid mobile number for you, we might not be able to reach you. If your offer is subject to you achieving certain results, please wait until your place has been confirmed following your results before applying.As part of your application:• You'll need to provide proof of study e.g. You can also get a linked debit card to make ATM withdrawals and pay for things anywhere you see the MasterCard logo. 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. TransferWise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money. To receive the overdraft you must deposit at least £500 per term into the account (ie. 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. Interest is paid on balances of £300-£2,000, and the account is paper free, with online banking facilities¹. 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. 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. If you’re a new customer, you’ll be able to open your Santander 1|2|3 Student Current Account online if you wish. If we allow a payment, it will take you into an unarranged overdraft. If you already bank with Santander, you must visit a branch to switch your account to a student product². Interest is calculated daily and paid monthly based on the annual gross rate of 0.995%. You have unsaved changes. Once the account has been open for at least 24 hours, you can update your account settings at any time to start receiving statements and other correspondence by post. A good alternative to look at - especially if you send and receive international payments frequently, or love to travel - is the TransferWise borderless account. If you have a conditional offer only, please wait until your place has been confirmed following your results before applying. Access your account information online with internet banking from Santander; manage your money, cards and view other services. 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. where a payment is refused as you don’t have enough funds. A lot of banks offer special bank accounts for students. If you exceed your arranged overdraft, you’ll also have to pay fees⁴. 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