And yes atleast £500 has to enter your account at the end of each uni term (3-4 months) regardless of how much you spend. Once you open the account you get the money straight away. Hi guys, I would like to know more about student bank account overdrafts, so I have come here for advise. NatWest / RBS: up to £3,250 0% overdraft. I'm amazed you managed to get those 3 student accounts, the terms for all 3 of those banks student accounts is that you can only have one. a full-time post-graduate course;. student bank accounts tend to offer the same features as standard bank accounts alongside interest-free overdrafts and student incentives such as discounted. . See all fraud & security options;The way banks try to encourage this is to reduce the maximum 0% overdraft each year – the idea being that by the time the 0% ends, you’ll have paid it off. i have had no notice of this and when i have been going into branch and using my account no one has mentioned a thing about the graduate. There was no need to apply for an overdraft, you simply apply for an account give details etc. When you graduate, we'll gradually. Earn up to 15% cashback (you need to register for online banking and activate Cashback Extras ). You can also claim free £100 in cash paid into your account, 0. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Help with everyday banking. It forced me to be disciplined enough to pay the. Your current address. this is in regards to natwest bank not sure about other banks. The graduate account currently offers a £2k interest free overdraft for 1 year dropping to £1k for a further year. Our Graduate Account is designed to help you make the transition from study to a career. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. They call it an arranged overdraft – whereby a pre-fixed limit is set for the amount that can be overdrawn by the student. The TSB student account offers an overdraft facility, and there’s no interest to pay if you keep below the limit you’ve agreed with the bank. You’ll need a device that has a camera or webcam, and a connection to the Internet. 8. Your child can withdraw money once they’re 18. Duration of arranged overdraft. You can still borrow. Card payment support. Select 'View current interest charges' You. Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . Nearly all student accounts are limited to £1,000 a year if that as they often require you to have been working and the £3,000 is at the end of 3 years. 99 per year)*. We'll let you know that your bank account switch is complete. 3. Never had any problems with Natwest in that time. Online Banking available to customers aged 11. Ready to apply. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. You can then select My Overdraft. Graduate Programme. Credit score available to existing NatWest customers once opted in through the app if aged 18+ with a UK address, and available to non NatWest customers aged 18+ with a UK, Channel Island or Isle of Man address following a successful registration. Use our overdraft eligibility checker to find. Log in to NatWest Online Banking. Open a student bank account. HSBC Graduate Account. Once the overdraft's paid off, you can then work to build your savings back up. Natwest Graduate 2023; Can I open a student bank account if I already have a current account? Proof of address natwest; 2023 Summer Internship. Industry: Financial services: Founded:. Act Now Alerts will help you stay aware of your overdraft use and manage the costs more efficiently. To apply, you must be a UK resident, 18+ and have an eligible NatWest current account. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. NatWest new student account closure with no explanation. Year 1: up to £2,000* Year 2: up to £1,000. Yes, you can go into your local branch with your offer letter and they will extend your student terms by a year. 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. You’ll also earn interest at an agreed rate. You’ll get an: easy-to-manage account, manage my account. Graduate accounts may continue to offer a low or interest-free overdraft facility which decreases over time, giving you the opportunity to. Current accounts - NatWest. If you've graduated recently, see if you can ditch and switch your account to save £100s in interest. 50% AER variable on your balance. With 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. Students studying medicine, dentistry, law, accountancy, pharmacy, optometry, physiotherapy and veterinary science can apply for an interest-free overdraft limit of up to £3,000. NatWest Student Account - Apply online only. Overdraft available to NatWest student current account customers aged 18+. Your Student account will automatically change to a Graduate account, and you can continue to use your card, online banking and mobile app as usual. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. 9% p. Excluding interest-free periods and accounts, such as student or graduate accounts, the NatWest overdraft has in interest rate of 19. . The new student account offers an interest free overdraft*, as well as a. Increase your overdraft limit to £2,000 from year two. NatWest and Royal Bank of Scotland have even thrown in a £10 Amazon. ›Budgeting & bank accounts. 2. Current accounts designed for you. Although most student bank accounts come with an overdraft facility, there are a number that stand out. Here’s an overview of things to look out for: 0% overdraft fees – If you’re anything. it was simply gradually restored back to positive as. Start with just £50 and top-up with as little as £10. Graduate student and student overdraft. You’ll need to have a student current account as well, and be over 18. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. It also means that anything you own may have to be sold to pay off debts – this can include your home, car or any luxury items. If Cora can’t help she will pass you on to one of our colleagues who can assist you with your query. Pay with your debit or credit card – it’s a safer way to pay and gives you more protection. An overdraft is where the bank lets you spend more than you've got (at no extra cost), up to a set amount. Act Now Alerts will tell you when you go into an unarranged overdraft or are about to have a payment rejected. To earn £5 rewards, you earn £4 a month back in rewards for 2 or more Direct Debits (at least £2 each) and an additional £1 a month back in rewards with 1 mobile app log in. To check your eligibility, we’ll need you to update your ideal overdraft amount in step 4. View all current accounts or compare our range of current accounts. All you need to do is specify the overdraft that you wish to apply for (this is the new full amount not just the increased or decreased amount). A student overdraft is not free money – it’s a loan that you'll need to pay back, ideally before the interest kicks in. Manage your bank account; MyRewards; Apply for an overdraft; Manage your overdraft; Mobile Banking; Log into Natwest Membership Services ; Overdraft cost calculatorFor example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first year after university, but it reduces each year after. Overdraft subject to eligibility. Student, Graduate or Select account. Does anyone know if Natwest let you increase the overdraft early if you call them?Current accounts. Since I graduated last year I've had an overdraft of around -1300 and used it all up. Now I'm in my 2nd year of Uni and after maxing out everything (1,000. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. Assumed limit £1,200; Year 1: 0% EAR (variable) on the first £3,000, 19. I understand that I need to register to online banking and select Paperless Statement in order to get full access to our student benefits. Fee free. From mobile, select ‘Overdrafts’ from your bank account menu, or click the ‘Your Overdraft options’ link. Information correct as at 31 October 2023. SELECT. Up to £1,700 in your 2nd year. easy-to-manage account, manage my account. 9% p. NatWest offers two types of children’s debit cards. If you don't have Online Banking, you can register and then sign up for alerts. Find the Savings Account for You. Take control with the Barclays app. Then standard rates apply. If you absolutely can’t pay off your debts then bankruptcy might be for you. RBS Student Bank Account. A video chat with one of our friendly senior personal bankers could help you review your money situation. One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraft. (variable) and higher than our balance transfer rate of 12. Be careful: if you say you have a job lined up in the summer, they may ask for a letter confirming this. You’ll need to have a student current account as well, and be over 18. Hi all. You must either be a full time undergraduate student on at least a 2 year course at a UK University/College or you must be completing a full time postgraduate or nursing course lasting a year. 9 July 2009 at 6:12PM. You’ll have to pay about 3 to 4% of the amount you’re transferring, but what you owe will move onto the card at 0% interest. Often the. We can arrange same day electronic transfer of funds (CHAPS) between bank accounts in the UK. Get paid an interest rate of 0. 40 during 2020 as Covid took hold. Nationwide Flex Student. To apply, you need to be 18+ and a UK resident. Credit reference and fraud prevention agencies use your information because they have to prevent fraud and money. City. You can also set up alerts by calling us or talking to us at your local branch. i. NatWest and RBS will also be ending extra fees for using unarranged overdrafts, charging those customers the blanket 39. Following the second year after. * From 2nd October 2023, those who graduate in 2022 and 2023 can apply for up to £3,250. It is specifically UK resident students only guide. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. Your rate depends on your personal circumstances, loan amount and term and may differ from this Representative APR. Students can apply for up to £3,250 interest free from year three onwards. Offer - free tastecard for 4 years (worth £29. Interest free overdraft while you study. Only TSB can tell you about their student overdraft and lending criteria. Upto October I had been putting what I could in to cover the charges I was getting because they "upgraded" me to a graduate account and interest was now bein. That £2,000 facility will then reduce to £1,000 for a further 12 months. you may apply for a basic Natwest student account. 0% on purchases for 3 months from account opening. 49% on £1250 of the £3,250. A £1,000 overdraft costing £20 a month in interest costs £240 a year, but the same in easy-access savings earns about £50 a year – at best. In the fourth year after you graduate you will automatically move onto a Select account and your arranged overdraft will no longer be interest free. Yeah they reduce the interest free overdraft over three years once you've graduated. For example, if you have no money left in your account and you spend £30, your balance would be -£30. 75 * 0. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one, year one) with an. We would like to show you a description here but the site won’t allow us. 30pm. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. 99%: Overseas cash withdrawals: 2. I am very confused as my. MMC for Current Account with Control is £20, Student Current Account £40 and Cardcash Account £30. Graduate accounts usually come with a 0% overdraft for at least two years. Have £500k minimum mortgage borrowing with us. 9% p. Manage your investments. If you are unsure how the interest or charges work, please read more about our rates & charges. Business, Economics, and Finance. Always make sure you have enough money in your current account, or a. Giving you peace of mind with your banking. They'll automatically change unless you evidence further study. Apply Transfer a Santander account. As of the 17th December I am being switched to a standard current account which wants to charge me 18% interest on said overdraft and £6 a month for the pleasure! What did you expect? All overdrafts are repayable on demand. If you want to reduce your limit, your current overdraft balance must be within your new requested limit. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. 5. I currently have £0 deposited… WVL. Some banks offer preferential terms up to 3 years for their graduate account holders. RBS’s 0% overdraft has a high ceiling of £3,250 by your third year and the chances of obtaining it (eventually) are quite high. With graduation dates set and debts looming, it’s time to start thinking about your future and finance. Business banking complaints team: available Mon-Fri, 8am-5pm. To be eligible they need to sign up for online banking and select to receive paperless statements. You could get: £1,400 in your 1st year. Lloyds Student account: Barclays Student account: NatWest Student account: Apply: Anytime during studies: Anytime during studies – though only first year students get the perk: Anytime during studies: 0% overdraft years 1-3: £500 in term 1Up to £1,500 for years 1-3: Term 1: Up to £500 Year 1: Up to £1,000 Years 2 & 3: Up to £1,500:. NatWest student bank account NatWest’s student account offers a tastecard, Amazon Prime membership or a National Express Coachcard, plus an interest-free overdraft of up to £2,000. Taking a step back and looking at your finances could really help you to feel in control and stay on top of your spending. 0. 8 January 2020, 15:37 By Dr Lucy Brown, Editor. 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. Does Natwest allow you to have an overdraft on your student account. Perk: £100 cash, one of the largest overdrafts and top ethical choice. Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . Graduate Trainee – NatWest Markets - Quantitative Analyst. Considering these factors is crucial when. All of our current accounts offer an arranged overdraft, except FlexBasic. Open a student bank account. You could get a cash reward from £20 -. You can apply for up to £3,250 interest free from year three onwards*. Graduate overdraft; Help with overdrafts . New customer - Student or Graduate? You'll need a NatWest account to have an overdraft with us. NatWest’s student account has you covered with an interest-free arranged overdraft account—the fundamental element of any good. Only one cash offer is available per customer. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. This is important, as you may be charged interest if you use a certain amount of your overdraft. Student arranged overdrafts are available to NatWest Student current account customers, aged 18 or over. I applied for an overdraft and it has been rejected. The minimum overdraft limit you can apply for is £250. Overdraft: Both NatWest and RBS allow for an interest free overdraft up to £2000,. Already have overdraft increased to 2k for my post grad degree starting in september. 31, which is still much cheaper than Lloyds Bank and TSB, as NatWest/RBS don’t charge a monthly overdraft fee. Manage your home insurance. protect you and comply with laws – we must share information about how you manage your account, like payments made in, your balance, credit limits and any missed loan payments. If you are an Online Banking customer and complete the form using your log in details, we complete many of the fields for you. eg. :money: 2023 Mortgage-Free Wannabe #19: £8825. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. Fraud & security. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. 48 votes, 85 comments. Invest on behalf of children aged 14 and under. Despite having graduated in '06, I still have a £1,000. Fraudsters often concoct stories to try to persuade you to transfer your money to a. For the security of customers, any unauthorised attempt to access. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. What Are Natwest’s Overdraft Interest Rates? If you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. Mine is £1500 the first year as a graduate, reduced to £1000 in the second year. I've had to change my circumstances as I now live with my mum and student finance is based on her income. What is a graduate account Natwest? Your Graduate account is designed to support you in the transition between Student life and moving into full time employment. Book a NatWest Check-in. You need to let them know as it will also affect your graduate overdraft when/if you graduate as you're interest free limit will always reduce a year earlier. Usually at this point your "graduate" account will be converted to the bank's standard current account. Must be 18 or over and living in the UK permanently. Year 3 and beyond – up to £3,000. In the fourth year after you graduate you will automatically. I recently received a letter saying that Natwest have passed me onto a debt collection agency. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. 49 per cent, the first year after they graduate their interest-free buffer will shrink from £2,000 to £1,000. Get a tastecard with NatWest bank accounts. Since then NatWest have been pushing me to get a student credit card and are adamant that I’d be accepted. If these conditions aren't met then they are likely to close off your account. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. Please note that this tool does not provide any indication of approval. 1. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. They consider everyone who has graduated to be in a position to pay off overdrafts and debts and offer little help for. £21 - between our branches. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. To open a student bank account with Halifax, you have to meet the following requirements :¹. 49% the cost of borrowing £250 for a week through an authorised overdraft would rise from less than 90p a day to £1. Graduate bank accounts are designed as a stepping stone to give you some time to pay off your overdraft without interest before entering the big bad world of regular fee-charging overdrafts. Use of your account For any 1I2I3 Graduate Current Account opened on or after 26 June 2017, the account will last up to 2 years before it automatically transfers to an appropriate current account. NatWest Student. Step by step guide to Alerts. If you're eligible for an overdraft and for what amount depends on the results of the full credit check. The graduate account has 2k interest free. Open a Reward bank. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. 13. The minimum overdraft limit you can apply for is £250. a. A student bank account is a current account that’s designed for people in higher education. Subject to lending criteria. Use our overdraft calculator to work out how much your overdraft is costing you each month. Select ‘Send money’, ‘Make a payment’, then choose who you want to pay from your payee list. natwest have reduced the overdraft charges though, so you wont be raped so badly. Natwest Graduate Account - Railcard & Interest free overdraft. When do I have to pay back the overdraft? Once you have completed your studies, the bank may transfer the account onto a graduate account. After you graduate, your student account will be automatically changed to a NatWest graduate account. The NatWest Student Living Index 2023 gives you the full lowdown on higher education in the UK. On this page Overview Change an overdraft limit Student overdrafts Common questions. Banking from home. Both UK and international students can open a student bank account through Natwest. On your mobile or tablet, open the camera and point your device at the QR code. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. Since student bank accounts offer generous interest-free overdrafts, students dip into. If you have a Natwest student account, it'll be automatically changed to a graduate account once you've graduated. 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. Maximum Arranged Overdraft limit allowed (subject to approval): If you're a student in the first term, of your first year of study, you can apply for up to £500. . Manage your credit card. Natwest student accounts switch over automatically based on graduation date, it's not done manually. Graduate account overdraft maximum year 1: £2000. Providing copies of paid cheques. There are no monthly fees, and like Natwest, offer the choice of three special offers, including the Tastecard, Amazon Prime Membership and National Express Coachcard. Student current accounts are made for you if you’re going to university or college. you have held a Student Current Account with Halifax; you do not deposit at least £500 into your account by 31st October 2023. Hi, I have a student bank account with Natwest. 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. Santander has consistently gained glowing reviews for their student account. On your mobile or tablet, go to the App Store if using Apple or Google Play if using Android. Once your interest free overdraft runs out with Halifax, you should go check out Natwest or Lloyds TSB's graduate accounts if you find yourself still needing an overdraft. Manage your car insurance. Offer T&Cs apply. Easily use our mobile banking app. So you'll need a plan on how to pay it back, ideally before the. 03. Yr 1, up to £1,000; Yr 2, up to £1,250; Yr 3, up to £. Those signing up with Santander can bag. Available 24 hours, 7 days a week Business accounts. An arranged overdraft is available to those who meet certain conditions. NatWest/RBS student bank account - get up to a £. Championing kids and teens to be confident with their financial wellbeing. The Natwest student bank account comes with a £500 interest-free overdraft in your first year rising to £2,000 in years two and three. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. They'll automatically change unless you evidence further study. What Are the Benefits of Natwest’s Overdraft. Our Student bank account comes with: £100 cash and a four-year tastecard. £21 - between our branches. Student Overdraft Facility - No Charge. In arranged account can keep those unexpected bills covered. Overdraft Facilities One of the most important features offered by almost all banks is the zero interest overdraft facility. 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. The graduate account currently offers a £2k interest free overdraft for 1 year dropping to £1k for a further year. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Hi guys, i took out a overdraft from the bank last term. The most important feature of your graduate current account is the 0% overdraft it offers. The third option, a Tastecard, gives savvy students access to up to 50% off or 2 for 1 meals at participating restaurants as well as 40% off cinema tickets and 70% off hotels. That £1,000 facility will then either be removed, or revert to bearing interest. I took it out in 2003 when i went to uni, and got given a £1400 interest free overdraft at that time. Your student and maintenance loans repayments are frozen until you start to earn over £25,000 but many people forget to consider their student bank accounts overdraft is also a loan, and one. After university I upgraded by Natwest Student account to their Graduate one, which entitled me to extend my interest free overdraft to £2000. Then you'll pay interest, and get into more debt. I had paid it off in the time scale specified and then they changed it to a Select account, where I would be charged if I went into my overdraft again. The idea of a savings account is that it’s a pot of money you leave alone, gradually building up over time. Clearing your student overdraft debt. So if your overdraft's up to £350, it pays some off and the rest is interest free. Lending is subject to application and approval. Overdraft calculator. Terms and conditions apply. 05 * 100 = £1. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. The main thing I was excited for was the fee free overdraft, but I can't seem to be able to apply for it. 25 January 2010 at 8:20PM in Budgeting & bank accounts. Student overdrafts are designed to assist students during their academic years, helping cover living expenses or unexpected costs. If you were looking to apply or make changes to an existing overdraft, please instead visit our eligibility tool . grad account year 3: 0. call 08457 888 444, select loans and overdrafts then student overdrafts, ask them to increase. Perk. 49% APR (variable)To apply for FlexStudent. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. Breakdown your budget. Same day electronic transfer. Natwest Finance Graduate 2024; I’ve been scammed; Cifas removal. Our Video Banking service provides you with banking from a location of your choice. Overdrafts guide;. Nil. Specific account eligibility criteria apply. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. Download the NatWest app. Which. Natwest are crap, you can keep your student overdraft 1600 max I think for 5 years, then the 'graduate' accounts have about 500 free overdraft and that's it. You need to: be 18 or over. my account is with natwest for my student banking and it turns out they have been charging me interest since june at least on my overdraft. Their 123 account is the only account in the UK that guarantees a 0% overdraft for your entire time at university. It works by dividing up what money you have coming in and then breaking it down into how you’ll spend it: 50% on essentials, 30% on nice-to-haves, and 20% to savings, as a guide. Our app's Savings Goal Tool can help you work out how long, and how much, it'll take to reach a specific goal. This service is only available to switch current accounts. The full details of their current offer are as follows: An initial interest-free overdraft of £500. 2 January 2013 at 7:57PM in Budgeting & bank accounts. No monthly fee. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. At a time of economic uncertainty, you’ll want to begin your studies with your eyes wide open. Account holders are able to access the HSBC 5. a. A student account only remains a student account for so long and you say it was. Find out more. Manage your money, protect your goods. With some accounts, you can access your cash whenever you. You can also take advantage of no fees on overseas spending. Interest-free arranged overdraft of up to £1,500 – for the duration of your course and three years after you graduate. The account offers an interest free overdraft of up to £2000 after the first term and access to the market. To hold this account, you need to pay £1,250 into an eligible NatWest account every month. Days 6 and 7 we'll transfer your bank account balance. Up to 15% cashback at some of your favourite retailers. I had to do a credit check for my overdraft but it was for Halifax. You also can't convert a joint current account'. Manage your savings account. I had a 1400 overdraft with Natwest (old student account) and never went over this or had any. What is the interest rate on a NatWest student graduate account? Representative 39. An overdraft is a form of borrowing and is repayable on demand. App available to customers aged 11+ with a. it happened to me. As a postgraduate student, you’ll be responsible for managing your own student finances. 5. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. Customer Service. 00% Account Fee. Why apply for our Student bank account? Interest-free overdraft up to £1000 with an instant online decision.