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Student Current Account
Apply now for a Bank of Scotland Student Current Account
The last thing you want at university is money worries, so get a student bank account that gives you extra. We offer the largest interest-free overdraft (Students could get up to £1250 more than most other high-street banks.)
The Student Account from Bank of Scotland gives you the following.
- Up to £2750 interest-free overdraft for up to five years while you are a student and for one year after graduating (up to a maximum of six years) Typical 0% EAR (variable)
- Interest rates of 2.02% AER (2% a year after tax) when your account is in credit
- 25% off the first year of AA membership. (Call 08705 444 222, Monday to Friday between 9am and 5pm, and quote HBOS 646.)
- Commission-free foreign currency and Amercian Express® Travellers Cheques
- 20% discount on card care insurance (call 0870 850 6 850 and quote HBIN061.)
- Free 24-hour banking by phone and online
- Use of any Bank of Scotland, Halifax or LINK cash machine in the UK
- Visa debit card that can guarantee cheques up to £100
How much we lend you depends on our assessment of your circumstances. You may not get the full £2750. To get an overdraft you must meet conditions relating to your personal and financial circumstances.
It's no wonder that we've won the Your Money award for Best Student Banking Provider 2006 and 2007. Just see how we compare with the other banks for interest-free overdrafts.
| Be better off with the larget student interest-free overdraft limit | |||||
| Bank | First year | Second year | Third year | Fourth Year | Fifth Year |
| Bank of Scotland | Up to £2750 | Up to £2750 | Up to £2750 | Up to £2750 | Up to £2750 |
| RBS | Up to £2500 | Up to £2500 | Up to £2500 | Up to £2500 | Up to £2500 |
| Lloyds TSB | Up to £1500 | Up to £1500 | Up to £1500 | Up to £2000 | Up to £2000 |
The table shows the maximum interest-free overdrafts offered to students on current accounts at all the banks listed. In the table, 'Year' means the first year you have had a Bank of Scotland Student Current Account. (Source: Moneyfacts June 2008.)
What happens when I finish my course?
- All the student benefits are available on the account while you are a student and for 12 months after you've finished your course (up to a maximum of six years), so there's no need to worry
- After this you can then choose from our great range of Bank of Scotland accounts.
- Find out more about our interest rates and account fees.
Before we can offer you a Student Current Account you will need to have a confirmed place at University or other higher education college.
Next steps
|
for a Student Current Account. only takes a few minutes to apply online. |
Or call us on 0845 607 2240. Lines are open between 8am and 8pm Monday to Friday, 8am to 6pm on Saturdays and 9am to 5pm on Sundays.
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AER stands for annual equivalent rate. It shows what the interest rate would be if it was paid on the whole balance once a year. We work out interest every day and pay it once a month. Whether you can get a bank account and the services we offer depends on your circumstances and our conditions.
You can only get an overdraft if you are 18 or over, you live in the UK, and you meet our requirements. You must pay off any overdraft when we tell you to.
Different terms apply to customers who do not qualify for our student account. All fees and rates are variable, which means they can change.
You must be at least 18 to open a Bank of Scotland Student Current Account and you must either be a student in full-time education (a degree course or similar course of higher education) or have stopped being a student in full-time education in the last 12 months. If you have an arranged overdraft you must pay your salary, grant cheque, student loan, parent's contribution or other regular payment into your account. How much overdraft we give you depends on our assessment of your circumstances. You may not get the full £2750. The longest time you can have a Student Current Account for is six years.
The discount on AA membership is only available when paying by direct debit for as long as the discount scheme continues. This offer is only available to new customers and cannot be used with any other offer. This discount does not apply to UK Breakdown Cover or European Breakdown Cover.
We don't charge for phone or online banking. However, you will have to pay the cost of your phone calls and internet connection.
Calls from BT landlines to 0845 numbers will cost no more than 4p a minute plus a 6p connection fee. Calls from BT landlines to 0870 numbers will cost no more than 8p a minute plus a 6p connection fee. The price of calls through other phone companies and from mobile phones will be different.
