The Lloyds TSB account is also free, where as Barclays expect me to pay £7 a month for theirs. I have a Lloyds Silver Account (Just recently upgraded from the Classic Account online), and I wanted to apply for a small £100 overdraft for a month, but this was declined (Which surprised me !), I have never been overdrawn and always operated the account in credit, had it now for 5 months and never had a problem, so I was a bit surprised, and as I had successfully upgraded to a Silver. See these guides. Eg if you pay £100 off your £1500 Santander account, call them up and ask them to reduce the overdraft limit to £1400. natwest have reduced the overdraft charges though, so you wont be raped so badly. I have tried to talk to them but they don't want to listen. You can arrange a transfer from overdraft to credit card with a money transfer credit card. If your account has an arranged overdraft limit, this will be retained. Overdraft. If you already have an arranged overdraft you can apply to increase. Toggle navigation. Be free from County Court Judgements (CCJs), Individual Voluntary Agreements (IVAs) and bankruptcy. I have a credit card from Lloyds with paperless communication. Student overdrafts are designed to assist students during their academic years, helping cover living expenses or unexpected costs. They won’t be able to do much but student overdrafts are normally given to almost everyone at 18 without any credit history so this is odd. I have an account with HSBC which I've had for 6 years. We'll do the rest, and don't worry your credit rating won't be affected and there's no obligation to apply for a credit card afterwards. I left them a year after uni because they cheapened out when I wanted a larger overdraft/credit limit, applied for a mortgage and business bank account. i would call them up now though and let them know, and see if you can extend your overdraft further. Lloyds Bank offers a current account designed to help students through their studies. 9%, while overdrafts on student and graduate. Students who open a new Student account and pay in £500 between 1st August and 11. The most generous interest-free overdrafts are with NatWest and RBS, offering up to £3,250 in the third year of study – applications for this open on October 2 2023. An arranged overdraft is a pre-agreed limit, which lets you spend more money than you have in your current account. Banks currently offering 0% overdrafts include First Direct, which offers 0% on the first £250 and 39. Written by Jafar Hassan, Personal Finance Expert Contributor Edited by Chris Wheal, Writer - Finance, 4 October 2022. It really is a vicious circle. Factors which can affect your credit score include: County Court Judgments (CCJs), Individual Voluntary Agreements (IVAs), and bankruptcy. No reviews yet. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. 39% gross variable interest on any money above £1,000. Apply for an interest-free overdraft up to £1,500. Important legal information. Account Name: RBS Student AccountEvery time you make a payment on your overdraft, call up that bank and have them reduce it by the same amount. smj43 Posts: 385 Forumite. Duration of arranged overdraft Lloyds Bank has launched its 2023 Student current account, offering a cash lump sum to new students, as well as credit interest on balances to encourage saving through further education. We aim to keep our rates and charges clear and easy to understand so it's easier for you to make comparisons. You can also apply for this account by calling us on 0800 015 4000 (Line are open 9am – 6pm Monday – Saturday) or by booking an appointment at your nearest branch. you will get charged, and then charged interest on it until you come back within your limit. 75 * 0. I applied for an overdraft increase on my student account and it got rejected. Get Interest-free tiered arranged overdraft of up to £2,000 at Lloyds Bank for a limited time only. My wife has an old Lloyds bank account. The Club Lloyds current account comes with a monthly fee of £3 which is waivered if you pay in £2,000 or more each month. Apply Transfer a Santander account. How about this for sense - my mother has an Experian score in the 400s and Barclaycard just gave her a card with a £10,000 limit. Bank of Scotland, Halifax and Lloyds, which are all part of the Lloyds Banking Group, will shut at least 231 of their bank branches in 2023 and 2024 after Lloyds. Log on and select the More menu from your account. Cora can support you with a wide range of queries 24/7 and helps to show you how to do your banking. Registered office: 25 Gresham Street, London EC2V 7HN. You can ask HSBC to increase this limit up to £2,000 in year 2, and up to £3,000 in year 3. Cashback at certain retailers. That’s $600+ each year they’re handing back to the bank in fees!. 5% or 49. Limits can be set or changed within the mobile app. They might be moaning because it charges them when they get into their overdraft. I don't work because my course requires 40+ hours of independent study a week so I find myself short on money all the time and really need the overdraft. Lloyds Bank joins the others in offering a cash bonus of £100, as long as you deposit at least £500 by 31 October 2023. See how well our services are working, check on any planned work we’ve got coming up and what it might mean for you. Year 3: from 2nd October 2023, eligible students from year 3 onwards can apply for up to £3250. have held a Lloyds Bank current account for at least one month. eklynne Posts: 2,396 Forumite. No delinquencies, monthly income into my bank account, using my card for literally everything. take out money from any Cashpoint® in the UK, or cash machines around the world. To complete your application, you'll need some form of ID and proof of address (your home address, not your term-time one). We cover this in more detail later. This tiered student bank account offers a 0% overdraft of up to £500 in the first six months, which goes up to £1,000 for the next three months and the full £1,500 after that. Club Lloyds. Service. 5 billion more in fees over the course of a. 00%. Transaction fee of 2. ¹. Lloyds Account Overdraft - Advice needed. Lines are open 8am – 8pm, seven days a week. With a debit card, you can: book or buy online, in shops, or over the phone. I am worried i might be a victim of some fraudulent activities because i have b. I have an HSBC student account which currently has the standard £500 overdraft limit which thankfully I have not needed, until now. Freebies. To apply for a loan with us, you must: be a UK resident (excluding the Channel Islands and the Isle of Man) be aged 18 or older. The limited time offer of £100 is available to those opening an account from 1 August. Student Account: Up to £1,500: Free £10 overdraft buffer and Student Credit Card (subject to application) Lloyds: Student Account: Up to £1,500 in years 1-3, then up to £2,000 in years 4-6: Free NUS Extra card, plus cashback offers: Barclays: Student Additions Account: £500, potentially increasing to up to £3,000: Various. This guide will apply to new or existing customers who are opening a new current account. Account Name: Lloyds Student Account . June and July were the first two months after sweeping changes related to these services were implemented. . Lloyds is upping the free overdraft limit in each case by £50 – Platinum account holders will see it rise from £250 to £300. Read this piece to teach all you need to know about a student bank report with Lloyds. Charge. 5K. It’s free to check and won’t impact your credit file. ThanksAn arranged overdraft lets you borrow up to a certain limit when there’s no money left in your bank account. Online Banking. You’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. In the end my branch manager agreed to give me the £200 (it was more for principal for me. it happened to me. If you’re a UK resident, you’ll get a guaranteed interest-free overdraft of up to £1,000 after you’ve successfully opened the Student Bank Account. If you're unable to visit a branch, please give call us on either 01733 347 007 or 0845 3000 000 (lines are open 24 hours a day). Making multiple credit applications in a short period of time. Make student life easier with our Student Current Account. Lloyds Bank plc. So don't make natwest sound bad. Like many similar scams, the emails claim that your account has been suspended because of “recent activities” and you need to click a Confirm button to. I left them a year after uni because they cheapened out when I wanted a larger overdraft/credit limit, applied for a mortgage and business bank account. You must be 18 or over to apply. Payments to another UK account will normally be sent this way. The Lloyds Classic current account enables you to carry out all of your everyday banking transactions with no monthly fee. Interest-free overdraft. You could lose your home if you don’t keep up your mortgage repayments. The FlexStudent account has some attractive features, primarily an arranged overdraft of up to £3,000 by the third year, a digital banking app, internet banking and a contactless Visa debit card. PRESS RELEASE Lloyds Bank launches £100 cash offer for students • Student account pays credit interest of 2. This includes a contactless debit card and mobile banking. Fee-free buffers on many accounts (eg, £25 on Lloyds/Bank of Scotland Classic and £50 on Halifax Reward) will be reduced to £6. It’s really easy and it only takes 5 minutes. Checking if you have enough in your account solely by seeing if it declines a payment or not is bad practice. Might as well make a bit of money for nothing! Posted from TSR Mobile. As the new university season draws closer, Lloyds Bank has launched a student current account offering £100 cash, in-credit interest and an interest-free overdraft. Best bank accounts: Get up to £200 to switch or up to 8% interest - MSE. Got rejected for a student account with HSBC because of bad credit rating, which is due to my address because my mum's rating is terrible, whereas I've only been 18 for a month anI've been with lloyds for 5 years, no problems. Some banks don't credit score certain overdrafts at all, they use an internal scoring system. org. Regulators have also been taking a hard look at such. Subject to credit approval, overdraft protection provides between $500 and $5,000 of protection for most bank accounts, and up to $10,000 of protection for those who have an RBC VIP Banking account. Halifax has unveiled its student account for the new academic year, offering an overdraft of up to £3,000 on a deal it said was "designed by students for students. This is normally £500 in your first year; £1000 in your second year and then £1500 in your third year. Then, once you have paid £500 into your account, you’ll receive the allowances below. Mon-Fri: 8am - 6pm. With Lloyds, they offer a no cost add on called Vantage, which offers tiered interest rates on in-credit balances on your current account as long as two active direct debits on the account. It allows the bank to take money regularly from your account to pay another account. Many banks request special bank accounts for students. Anna Hemmings, GamCare CEO, says the new feature “will give those most vulnerable to gambling harms an important means of controlling their gambling”. Total amount repayable will be £11,383. Upgrade your account. Usually, the wages go into the account, and the next day I just transfer the money to my HSBC account. Like all overdrafts, you’ll have to pay it back at some point, but we’ll keep you in the loop by letting you know if you ever go over your limit via overdraft alerts. If I have been helpful - Hit the Thanks button. I got an overdraft of £500 when I opened the account in September however it appears that I wasn't told that it was only temporary and that I would have to reapply in January '11Low deposit – You usually need a minimum of deposit of between 5% and 10% to get a mortgage. Read to article to learn all you need to know about a student bank account with Lloyds. They can check their balance with our Mobile Banking app * or Internet Banking. use your card worldwide, whenever you see the Visa symbol. 29 April 2010 at 10:43AM. Club Lloyds Platinum Account. 99 for a year, or £24. Find out more. Personally if there’s nothing odd on your credit report (defaults/missed payments) I’d go into branch and try speaking to someone. 22/03/09 - 22:46 #14. We would like to show you a description here but the site won’t allow us. 0345 604 6705 if your policy starts with HBP. current loan or other mortgage repayments. Wel I'm a current (well finished really) undergrad. The account originally had an o/draft facility of approx £500. Hi =] I hope you're well =] I was with Lloyds for my student account; over three years you can have an overdraft of up to £2000. 17 October 2009 at 5:10PM. NatWest is one of the UK’s fastest. These transactions may include: debit purchases. I use this account purely for holding my student loan when it comes in. I've been with lloyds for 5 years, no problems. E14 9SR. If you’re struggling to pay off your Lloyds Bank overdraft, then we may be able to help you. If you can't get another overdraft, just use a basic bank account for all your day to day stuff, then pay a certain amount a month to Natwest, then once the overdraft's clear, close it. Up to £1,700 in your 2nd year. 5%. SO i thought seen as im earning 4k a year from my job and £10 a week plus £200 in bonous from EMA ill gte a planned overdraft but every time i try it always says declined and theres been like 8k thats bneen payed in that bank account seen as i was on £30 a. To be accepted for a Lloyds Bank credit card, you must: Be a UK resident, aged 18 or over, with a regular annual income. It’s really easy and it only takes 5 minutes. Everything you get with the Classic account. There is no monthly maintenance fee for using this account. 4 steps to making a balance transfer. Our Overdrafts. Perhaps the Bank Of Scotland. Ok, well basically I got accepted for a co operative student bank account a few months ago but I missed the deadline; so I did it again and I left it as I thought I wanted to go with another bank again. Lloyds Bank. A free 4-year 16-25 railcard to save 1/3 on rail travel fares across the UK. Lloyds - 15% cashback at some retailers. Lloyds offers up to 15% cashback with Everyday Offers when you use your debit card at certain retailers. Perk: £100 cash, one of the largest overdrafts and top ethical choice. Credit Cards. 5% AER on balances between £4,000 and £5,000. The Halifax Current Account is open to all UK residents aged 18+, so it’s suitable for international students. I asked them if it was possible to just convert my current account into a student account in order to keep the same account number and sort code and they said this was not possible. I went into my local branch and they suggested it might because the. Please note: This guide is not part of the application process. You get the option to increase it to £2,000 in your fourth year of study if you do a longer degree. Declined student overdraft. 8. See full list on wise. Rates and charges. 90% EAR Variable. Banking in accordance with Shariah. Write a review. 1 Overdraft rates and fees This current account comes with an interest-free and fee-free Arranged Overdraft. Next choose ‘Account’, then ‘Manage my overdraft’. A typical interest-free overdraft is about £500, to help ensure that bills are paid even if someone doesn’t have enough money in their account. Our Shariah committee of two independent scholars has guided us to create an account that’s right for you. But, this isn’t necessarily a bad thing. Credit interest of 2% AER on balances up to £5,000. Your student account comes with an interest-free overdraft that you can request to increase each year you're studying. Interest rates may vary from time to time. Account Fee: N/A. However, it does let customers apply for an overdraft of up to £1,500 in Years one to. Many banks offer special bank accounts for undergraduate. Managing it poorly can do the opposite. Emmasmith90. There’s also a mobile app to make everyday finances easier, and mobile alerts if your balance is getting low. The £100. Ok, well basically I got accepted for a co operative student bank account a few months ago but I missed the deadline; so I did it again and I left it as I thought I wanted to go with another bank again. Add a second person to your account. If they cannot help me then I will talk to Lloyds TSB. Thanks,The Halifax Student account can get you an interest-free overdraft of up to £1,500 for the duration of your degree. These cards. 14 April 2012 at 11:07PM in Budgeting & bank accounts. Natwest Student bank account. When I turned 18, they upgraded my account to HSBC Advance, but then after 1 month it downgraded. Regular payments, like Direct Debits for bills, with be moved over to your new account. As the poster above suggests, there is little to worry about. Using an arranged overdraft carefully, i. Different banks offer their overdraft products under different terms. Jaffaholic. An overdraft is a form of borrowing attached to your current account, which can act as a short-term safety net, whether you need a little extra to cover unplanned expenses, or just to tide you over. The amount of credit already available to you, even if you’re not using it. Unarranged overdrafts. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. When personal accounts have been held for many years, this also boosts credit scores since it allows a credit record to mature. As you changed your work status to ‘student’, that means you could be eligible for an overdraft between £250 to £2,000 (it’s £500 for your first term). You'll keep your existing sort code and account number. Overdraft Rate (EAR): 39. There won't be any unarranged overdraft fees and charges. Even though my current account. You can review your offers at any time. This tiered student bank account offers a 0% overdraft of up to £500 in the first six months, which goes up to £1,000 for the next three months and the full £1,500 after that. First 10-12 months from. Banker's draft - banker’s draft/cheque. 1 to 7 years. Switch in seven days Switch your account to us within seven working days. Although it’s not a. Read this article to learn every you need to know about a student bank account with Lloyds. Use the banks' overdraft eligibility checkers first, which should help you find out if it's likely before you apply. I have been there and done, Not a nice situation to be in. 59pm on the 31st October 2023, will receive the £100 cash offer. If you have a graduate account and wish to apply for a new or increased arranged overdraft (or reduce the level of your overdraft) please phone us on 0800 0850 444* (Mon - Fri 9am - 5pm) *Calls to 0800 numbers are normally free from UK landlines and mobile phones. If you’re off to university and looking for a cost-inefficient banking provider, Lloyds Student Current Account is a good choice. The HSBC Student Bank Account is designed to cater to the needs of students during their academic years. Student accounts. Account Name: Lloyds Student Account . Read this article to hear all them need to know about a student bank billing includes Lloyds. You can book by calling us on 0345. It's very doubtful they'll agree to an overdraft increase as you've been going over your current limit. 16. If it's allowed, the customer goes £150 unarranged overdrawn (exceeds arranged overdraft limit). If you already have an arranged overdraft you can apply to increase. An application is considered formal when we receive the correct information that makes. 114K subscribers in the UniUK community. Santander has consistently gained glowing reviews for their student account. make contactless payments with your debit card or even using Apple Pay. Introduction. My student account has been activated but my applications for the £500 overdraft are being declined. So i phoned up and theyThe benefits of a Lloyds Student Current Account include online banking, so you can manage your finances from anywhere and at any time, and link your bank cards with Apple Pay and Google Pay (from age 18+) for contactless spending. I recently asked in branch to increase the overdraft to £3000 but this was declined. Our Club Lloyds Silver account comes with the benefits of Silver, plus Club Lloyds benefits. £21 monthly fee to maintain the account plus £3 monthly Club Lloyds fee, the Club Lloyds fee is waived each month you pay in £2,000 or more. Internet came back with approved (even. This can increase to £1,500 in subsequent years. 3 This suggests that many consumers do not. My son has a student account with Barclays and he's just about to start his 2nd year at Uni. Overdraft text alert service. Their reason for it is because they believe that I withdrew all the money from that account (my statement says otherwise) and "did a runner" (words of the advisor I spoke to in my local branch). If you have CPD99 on your account any applications for further lending will be automatically declined regardless of internal or external score. You can use it to borrow money up to an agreed limit through your bank account. Accessibility statement [Accesskey '0'] Go to Accessibility statementThe Lloyds Student Current Account is packed with a range of benefits, such as cashback at popular retailers. I could do with the overdraft to prepare for uni though. My student account was £2000 interest free for a few years. Select Yes I want Everyday Offers and. The graduate account has 2k interest free overdraft in the first year and is gradually decreased at a rate of £500 a year. ¹⁶. There’s also a mobile app to make everyday finances easier, and mobile alerts if your balance is getting. Read this article into learn all you need to know about ampere student bank account with Lloyds. Then I applied again a few weeks ago (stupid I know) but I got declined based on my credit score. Nationwide's FlexDirect account offers an interest-free overdraft for a full year, but after this you'll have to pay 39. your total deposit. In this guide we explain why this happens and how to improve your. Online at Lloyds Bank. Fraudsters can call or text to pretend to be your mobile phone provider. And 1. Validate your identity, student status, and credit history by following the on-screen instructions. . 2 However, among overdrafters who think their debit overdraft would be declined, 54 percent wrongly believe they would be charged a fee. Consolidate your debt into one place. Club Lloyds - an account with a monthly fee and extra rewards, including credit interest and an annual lifestyle benefitWith our Student Current Account, you can apply for an interest-free arranged overdraft of up to £1,500 in years 1 - 3 and up to £2,000 in years 4 – 6. Website: Find the Lloyds Bank contact information you need to make a complaint or leave feedback. Set up Overdraft Protection by signing on to the Wells Fargo Credit Card Service Center and selecting Overdraft Protection, calling a Phone Banker at 1-800-869-3557, or talking to a Banker at any Wells Fargo banking location. Duration of arranged overdraftPRESS RELEASE Lloyds Bank launches £100 cash offer for students • Student account pays credit interest of 2. However post student accounts still keep your overdraft limit and just reduce that limit to 0 over the course of a few years. You can increase this to £2,000 in your 4th and 5th. An everyday spending credit card could be a useful way of staying in control of your finances. You can apply for an overdraft even if you didn’t have one on your Lloyds student account . Choose a yearly benefit from:you have held a Student Current Account with Halifax; you do not deposit at least £500 into your account by 31st October 2023. Card payment of £200. The monthly cap on unarranged overdraft charges for the 1st Account is. 5% APR Representative. Our Club Lloyds Platinum account comes with the benefits of Platinum, plus Club Lloyds benefits. The Barclays Student Additions account offers you a £500 interest-free overdraft during your first term. They will look at your earnings and outgoings before making a. I'm switching everything to Lloyds TSB and applied for an overdraft online a few weeks ago and also today, both said ''I'm sorry, your overdraft request has. CryptoLloyds Student bank account. Am so worried because this is affecting my credit file. You can book by calling us on 0345 300 0000 ( +44 1733 347 007 from outside the UK). To qualify for the cashback, students need to deposit £500 by 31 October 2023. Credit Cards (Mastercard ®, Amex ®) For us to review your dispute further we need some details from you: A full written summary of your dispute including confirmation of how you. 99, and 1. The Lloyds Student Bank Account. 14. How does an overdraft work? 3. Alongside this, you can also earn 2% AER credit interest on balances between £1 and £5,000. I went into branch today and they said they aren't able to contact the. However post student accounts still keep your overdraft limit and just reduce that limit to 0 over the course of a few years. Repeat that on the next bank. Your credit limit is the maximum amount of money, in total, you can borrow on your credit card at any one time. Arranged overdraft of £500. shirlgirl2004 Posts: 2,983 Forumite. Denied Student Overdraft (Lloyds) Is it worth getting a student account if you do not get an overdraft fee? Opening student account at 17; Hsbc; Multiple Student Accounts; My Lloyds bank changed from Graduate to Classic; Changing student bank account; Is it possible to keep my current account, and open a student one as well?With any Club Lloyds account, you could get an exclusive discount of 0. Our Overdrafts. Get more financial flexibility. They’ll want to be sure you can pay back anything you do borrow in the future. It is a checklist to help you prepare to open a bank account. Your overdraft appears as a debt on your credit report. For full-time students aged 17 or over. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. All overdrafts are subject to application and repayable on demand. The Halifax Current Account is open to all UK residents aged 18+, so it’s suitable for international students. Your limit includes payments you set up for a future date and increases to existing future payments. Please just make sure the policy holder is with you when you call. Usually come with a low interest rate on purchases. Total amount repayable will be £11,383. £100. uk. Lloyds bank student overdraft. Setting up Overdraft Protection. However, if you don’t have one in place you might be given an unauthorised overdraft as a result of trying to make a payment when you don’t have the funds to cover the amount. Section 75 protection on most purchases of over £100 but not more than £30,000. Overdraft in 2023. They have given me the £4000 overdraft it is ready to use. The first year is tiered: £500 in your first term to £2,000 in your second. I'm only 18, I opened the account when I was 12. com 23 July 2014 at 6:03PM Are you ever in credit? jonesMUFCforever Posts: 28,898 Forumite 23 July 2014 at 6:44PM Do you have more than one student account overdrawn?? Anything on your credit report which might help them to decline you?? Which year are you on now? jayquinn91 Posts: 3 Newbie 23 July 2014 at 8:39PM Thrugelmir wrote: » Lloyds Bank offers a current account designed to help students through their studies. Declined student overdraft. I was rejected for an increase today because my student loan doesn't go into my student account, it goes into my normal account, because that's the only one I had at the time of starting Uni. 30pm to pay in enough to ensure the payment goes out, but you have until midnight to avoid a daily overdraft fee Up to 15% cashback at participating retailersGeneral Banking Queries Personal. Factors which can affect your credit score include: County Court Judgments (CCJs), Individual Voluntary Agreements (IVAs), and bankruptcy. Rates And Charges. But, this isn’t necessarily a bad thing. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more. How to check your credit score. 9 million profit. Applying for an increase will not cause them to review/ remove your current overdraft. Apply for an arranged overdraft. This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. 00% AER on balances up to £5,000 • Interest free arranged overdraft of up to £1,500 available, subject to eligibility Lloyds Bank has launched its 2023 Student current account, offering a cash lump sum to newI currently have a student account with lloyds bank and am currently into my overdraft with them by £500. An initial amount is set by your provider when you apply for your card, but this can change over time. If we have your UK mobile number, we'll enroll you in our automated overdraft text alert service. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. There'll be no fees for missed payments. Mon-Fri: 8am - 6pm. You can apply for an overdraft even if you didn’t have one on your Lloyds student account . A short credit and/or repayment history. Bear in mind that I am their ideal type of customer (always pays bills on time, pays a good. A number of banks are offering freebies for students who sign up for their bank accounts. About half a million students start uni each year, so assuming 75% take up a student account (free rail pass!), then later, 5% fail to pay back the overdraft and incur £250 of interest payments, that means that 500000 * 0. They may ask you to verify a message with a code, or click a link to enter a code online. Bank: Lloyds Bank . £5 for each request (for any number of pages*) Service. . The Club Lloyds Platinum monthly maintaining the account fee comprises of: Platinum Account monthly maintaining the account fee of £21 per month; plus. If you’re a student, you may be able to access a 0% overdraft. Some building societies or mutually owned financial institutions find out from UCAS or something. I got an overdraft of £500 when I opened the account in September however it appears that I wasn't told that it was only temporary and that I would have to reapply in January '11 Low deposit – You usually need a minimum of deposit of between 5% and 10% to get a mortgage. Choose to increase your overdraft limit at 6, 7, and 10 months. Nationwide only has one account that is specifically for higher education students. Top student bank. With most student accounts, there won't be any interest or transaction charges on this. You can decrease your limit and can apply to increase it using Online Banking, over the phone or at your local branch. I got a letter through the other day saying they were going to automatically update my under 19s accountBusiness, Economics, and Finance. When i first upgraded my account i was told i could get an overdraft extension at the beginning of march, but when i tried to do it online today i was told i'd be waiting till april. The account also offers an overdraft of up to £2,000, with £100 interest-free and no fees on debit card. Click the ‘Apply now’ button to sign into Online Banking, then select ‘Overdrafts’ from the left hand ‘Our products and services’ panel, or alternatively from your bank account, select ‘More actions’ and then ‘Overdraft’.