TransferWise is different. 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. To open a Santander 1|2|3 Student Current Account you must be aged 18 or over, and a UK resident¹. And with so many options on offer, figuring out which account best suits your needs can be tricky. 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. 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. Activate your Santander Debit Mastercard ®: You'll receive it in the mail within 5 to 7 days. Our Financial Services Register number is 106054. 2.https://www.santander.co.uk/personal/current-accounts/123-student-current-account/apply-for-a-123-student-current-account However, it’s not necessarily the best account for all your financial transactions. The Fee Information Document (116 KB) details the main fees and charges on this account. Understanding Santander’s Student Account takes a little more work than some of its rivals. Earn up to 15% cashback with Retailer Offers. Santander Financial Services plc is incorporated in England and Wales with number 2338548 and its registered office is 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. In both cases, you'll also need to make a minimum deposit into your new checking account at the time you open it. 5.https://www.santander.co.uk/assets/s3fs-public/documents/fid-student-current-account.pdf The Santander 16-25 Railcard also gives you access to exclusive deals on holidays, eating out, top attractions and more. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. All other fees apply. To receive the overdraft you must deposit at least £500 per term into the account (ie. Access your account information online with internet banking from Santander; manage your money, cards and view other services. You might choose to get an alternative account to use for sending and receiving international payments, and spending while you travel, for example. Santander International is the trading name of Santander Financial Services plc, Jersey Branch and Santander Financial Services plc, Isle of Man Branch. TransferWise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money. Oh, and TransferWise gives you the most fair exchange rate out there, the mid-market exchange rate. Calls may be recorded or monitored. And give it a try. More on that in a moment. 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. You can access the 1|2|3 Student Current Account anytime, anywhere. Read our full analysis in our guide to the best and worst student accounts. 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. Register to receive mobile-to-mobile payments with, Contactless payments with your mobile by linking your Santander debit or credit card to your. We’ll send the alerts before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. 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. 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. 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. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. If we don’t have a valid mobile number for you, we might not be able to reach you. Interest is calculated daily and paid monthly based on the annual gross rate of 0.995%. Here’s all you need to know about the Santander student account. we’ll automatically increase your overdraft limit as shown below at the start of each year of study. Sign-In Keep in mind that only certain … 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. Your account will automatically transfer to our 1|2|3 Graduate Current Account (2.45 MB) which comes with a £2,000 fee-free Arranged Overdraft. If you exceed your arranged overdraft, you’ll also have to pay fees⁴. Home Equity Line of Credit Going to university can be expensive. The Santander 123 Student Account is a great all-round choice for students. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Classes you have to pay for, books you have to buy and, if possible, you want to enjoy student life as well. 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. Check out how to make your first transfer with TransferWise. 3 Domestic ATMs are ATMs in the 50 United States, the District … The Santander student current account offers some attractive features for students, including discounts on rail fares and an overdraft facility¹. 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. Once you graduate, Santander will either close your account or transfer you to a 1|2|3 Graduate Account⁴. pay in £500 and continue to pay in at least £500 per academic term. View all current accounts. However, the account does come with a little bonus that no other graduate account does: in-credit interest. 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. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. you have your exam results) before you apply, You pay in at least £500 per academic term. Set Up Alerts: Keep track of your account activity with alerts via text or email. If you’re a new customer, you’ll be able to open your Santander 1|2|3 Student Current Account online if you wish. For further explanation of our main terms and services take a look at our Glossary. 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. If you do hold a Santander current account, you’ll need to transfer it. 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. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount. Try the TransferWise borderless account, for a flexible way to manage your money across over 40 different currencies, and see if you can save. 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. It offers an interest-free overdraft, discounts with retailers and interest on in-credit balances. Santander’s 123 Student Current Account, for example, offers a free 16-25 Railcard for new customers, which is valid for four years and saves students up to one third on most rail fares, making this account a great choice for students who regularly travel by train. Several student bank accounts come with freebies and other incentives. A Santander 123 Student Current Account is designed with students in mind, generally considered as one of the best student bank accounts in the UK. This means you can’t apply until you've received your exam results if your university place was offered on a conditional basis. Santander Student Current Account - Ask a question now. 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. 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. 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