You will get 4.89 per cent interest on up to £500 paid monthly. Online Banking; Mobile Banking; Get personalised spend insights with My Money Manager; Register to receive mobile-to-mobile payments with Paym; Contactless payments with your mobile by linking your Santander debit or credit card to your Apple, Android or Samsung device. The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. *All sources checked on March 7, 2019. Its smart new technology skips hefty international transfer fees by connecting local bank accounts all around the world. You'll receive your 16-25 Railcard within 5 working days of completing your order. Registered in England and Wales. Banks and money transfer providers often give you a bad exchange rate to make extra profits, and most of them use intermediary banks to send your money across borders. Opening a bank account in Spain shouldn’t be such a difficult process. 3.https://apply.santander.co.uk/PubRetOJBankWeb/ola.htm?_flowId=student&fatca=true&psb=3007190000001&pss1=3007190000002&pss2=3007190000004&pss3=3007190000006&pss4=3007190000008&pss5=3007190000010&psd=5057000000001&ex=310520&refId=student&PPC=3007220000001 And with so many options on offer, figuring out which account best suits your needs can be tricky. However, there’s an alternative. Which means you can save up to 8x by using TransferWise rather than your bank when you send your money abroad. www.santander.co.uk. 1. 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. TSB’s student account offers you a better rate of interest on your savings than others on the market. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. That means you can receive money via local payment methods in these major world currencies, just like a local. You’ll also have to pay in at least £500 per academic term to retain the benefits the account offers. Account holders can also access cashback offers at selected retailers. This means you’re getting the very best available exchange rate, and you’ll only ever pay a low, transparent fee, which you’ll always see upfront. Investment fees, charges and key documents, 1|2|3 Student Current Account Key Facts Document (pdf) (3.52 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 (3.51 MB), 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, From 12 April 2021, no interest paid on balances. If you exceed your arranged overdraft, you’ll also have to pay fees⁴. To open a Santander 1|2|3 Student Current Account you must be aged 18 or over, and a UK resident¹. When you’re choosing the right student account for you, it pays to shop around a little. You can save more than £20,000 in the account, but won't earn interest on anything over £20,000. Here’s all you need to know about the Santander student account. It was praised for continuing to offer a four-year railcard worth around £90 and interest on credit balances, with the ability to earn up to £60 a year in interest. 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’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. View all current accounts. 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. £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. The top student account freebie is offered by Santander. We've ranked and reviewed the best student bank accounts as well as the top graduate accounts on offer too. Register to receive mobile-to-mobile payments with, Contactless payments with your mobile by linking your Santander debit or credit card to your. 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. This acco… 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. If you're about to begin an apprenticeship, your place on the apprenticeship must have been confirmed. 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. Natwest and RBS offer similar incentives with a four-year Young Persons National Express card for discounts on coach journeys in the UK. 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. The Santander 16-25 Railcard also gives you access to exclusive deals on holidays, eating out, top attractions and more. 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. All other fees apply. Opening a bank account in Indonesia should no longer be complex. You don’t already have an existing Santander current account. Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Santander Bank $225 Checking Bonus. First things first: what are the different accounts available? And give it a try. pay in £500 and continue to pay in at least £500 per academic term. 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. We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance. 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. To increase this to £1,500 you’ll need to: The table below shows you how you’ll be charged for using your overdraft. Once you graduate, Santander will either close your account or transfer you to a 1|2|3 Graduate Account⁴. 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. There is a cost associated with using an overdraft. 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’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. Your account will automatically transfer to our 1|2|3 Graduate Current Account (3.51 MB) at the end of your course. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. Santander has one current account available for students – the Santander 123 Student Current Account. Santander International is the trading name of Santander Financial Services plc, Jersey Branch and Santander Financial Services plc, Isle of Man Branch. 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