Student and youth accounts

We offer a range of bank accounts which can look after you from your very first bank account right through to university.

Student Account

An account packed with everything you need to make the most of your time as a student.

Available if you’re aged 17 or over, and on a degree course or equivalent full time education.

  • Interest and fee-free tiered Planned Overdraft of up to £1,500 in years 1-3 and up to £2,000 in years 4-6 (subject to application, status and approval).
  • A VISA debit card.
  • Access to our Internet Banking and Mobile Banking, 24-hour telephone services as well as any of our branches in Scotland.
  • Earn up to 15% cashback with Everyday Offers.1

You also have an option to apply for a Student Credit Card, which is subject to application status and approval. You need to be 18 years old or over to apply.

Interest and fee-free overdraft

Year of study
Interest and fee-free amount
1st year
Interest and fee-free Planned Overdraft of up to £1,500 starting with:
£500 in months one to six
£1,000 in months seven to nine
£1,500 in months ten to twelve
2nd & 3rd
Un-tiered, interest and fee-free Planned Overdraft of up to £1,500
4th to 6th

Un-tiered, interest and fee-free Planned Overdraft of up to £2,000

Information about applying for a Student Account

You will need to:

  • be a permanent UK resident for the past 3 years;
  • be aged 17 or older (you will not be eligible to apply for an overdraft until you are 18);
  • confirm that you are studying full time on an eligible course of at least 2 years' duration, or a one year full time access course leading to a degree.

You will need to bring the following documents with you:

  • Your UCAS confirmation letter or a letter from your university or college confirming your place;
  • If you aren't already a Bank of Scotland customer, a piece of ID such as your driving licence or a 10 year passport and proof of your address (anything official with your name on it that's less than three months old, but not a mobile phone bill).

Applying for a Student Account

You will need to apply for a Student Account at your nearest Bank of Scotland branch.

 Find your nearest branch

Any questions?
Just phone us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm) or ask a member of our team when you visit us in branch.

More information on this account

Graduate Account

Your hard work has paid off, and you’ve graduated. Let us help you make the most of the opportunities ahead.

  • A tiered interest and fee-free Planned Overdraft (subject to application and approval). Up to £2,000 in your first year after graduation, £1,500 in your second year and £1,000 in your third year.
  • A VISA debit card.
  • Access to our Internet Banking and Mobile Banking, 24-hour telephone services as well as any of our branches in Scotland.
  • Earn up to 15% cashback with Everyday Offers.1
  • Free mobile text alerts - Receive balance, limit and overseas transaction alerts.2

Representative example

If in year 3 of your Graduate Account you use a Planned Overdraft of £2,000, the overdraft interest rate we charge on the first £1,000 will be 0% EAR variable. The overdraft interest rate on the next £1,000 will be 16.77% EAR variable and a Monthly Overdraft Usage Fee of £6 will apply.

Information about applying for a Graduate Account

You will need to:

  • be a permanent UK resident
  • have graduated within the past three years with a degree from a UK-based university
  • have confirmation of graduation

You will need to bring the following documents with you:

  • ID, such as a passport or driving licence.
  • Proof of graduation.
  • Proof of address, such as a utility bill (not a mobile phone bill) that’s dated within the last three months.
  • Bank statements from the past six months, showing evidence of your overdraft limit.
  • Your current debit card and letter of employment confirming your income (if this isn't included on the statements).

Graduate Loans
If you have a Graduate Account and need to budget for a major expense, such as a car or some new furniture for a flat, you could apply for a Graduate loan of up to £10,000.

Applying for a Graduate Account

You will need to apply for a Graduate Account at your nearest Bank of Scotland branch.

 Find your nearest branch

Any questions?
Just phone us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm) or ask a member of our team when you visit us in branch.

More information on this account

Under 19s Account

Simple and personal banking for 11-18 year olds.

  • A choice of card – Choose a VISA debit card, which can be used in shops, online or over the phone and at Cashpoint® machines, or a Cashpoint card which can just be used for taking out cash.
  • Competitive rate of interest. Earn a variable rate of interest, paid quarterly, of 2.50% AER (2.47% Gross p.a.) variable interest, on balances up to £2,500. Any money over £2,500 will earn 0.10% AER Gross p.a.
  • Free text message services to help you keep better track of your money wherever you are.2
  • Access to Internet Banking - this is a limited service for Under 19s Account holders.3
  • Top up your mobile. Option to top up your Pay as You Go mobile at most Bank of Scotland Cashpoint machines. Successful mobile top ups will reduce the amount of money you can take out of your account that day.

In addition, once you reach 16 years old, other services and benefits become available:

  • Access to Telephone Banking – allowing you to do everything from checking balances and payments to transferring money, and a whole lot more.
  • Save up to £75.99 with the AA Driving School and drive down the cost of getting your licence (if you're 17 or over). Save £36 on AA driving lessons and receive a free ‘Pass Your Test’ CD-ROM worth £19.99. After passing your test save a further £20 off Pass Plus - the DSA recognised qualification for advanced practical skills which could secure a discount of up to 35% on car insurance.4

Information about applying for an Under 19s Account

You will need to have:

  • two forms of ID such as your UK birth certificate or passport and one proof of address.
  • bring a parent or guardian (if you’re under 16) and they will need to have proof of their ID and address too.

Applying for an Under 19s Account

You will need to apply for an Under 19s Account at your nearest Bank of Scotland branch.

 Find your nearest branch

Any questions?
Just phone us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am 5pm) or ask a member of our team when you visit us in branch.

More information on this account:

AER is Annual Equivalent Rate - this illustrates what the interest rate would be if interest was paid and compounded once each year. This allows individuals to compare more easily what return they can expect over time.
Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.

Account opening is subject to our assessment of your circumstances and to you meeting all eligibility conditions. You must be 18 or over (aged 11 - 18 for the Under 19s Account and a UK resident to apply).

Any overdraft we agree is repayable on demand, including any fees or interest and subject to application and approval. You must 18 years old or over to apply.

We may monitor and record calls.

1 To be eligible for Everyday Offers you need to be over 18, have a Bank of Scotland current account, a Bank of Scotland debit and/or credit card and be registered for Internet Banking. Once you’ve activated Everyday Offers, just activate each offer to earn cashback on your next purchase. You can activate 'It’s On Us‘ in the Everyday Offers section of Internet Banking. Only available for Student Account and Graduate Account.
2 Text Alerts - available to UK personal current account customers aged 16 or over and (other than Weekly Balance Alerts and Overseas Transaction Alerts) are sent before 10am UK time, Monday - Friday (excluding Bank Holidays). If you are aged 11-15 and have an Under 19s Account you can apply for our Weekly Balance Alerts and Overseas Transactions Alerts (just make an appointment at your local branch with a parent/guardian to register).
3 Under 19s Account holders aged 18 or over do not have access to set up overdrafts or have Save the Change balances transferred to their account. In addition, Under 19s Account customers aged 11-15 cannot use the International Payments service. The online daily payment limit is £500 if your account was opened after 11th September 2011, if it was opened on or before this date then the limit is £500 (if you need to withdraw more than this then you will need to visit your local branch). You will only be able to view your Under 19s Account via Internet Banking and not any other accounts you hold with Bank of Scotland.
4 The AA Driving School offer is subject to change or withdrawal (only available for Under 19s Account).

Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. We subscribe to The Lending Code; copies of the code can be obtained from www.lendingstandardsboard.org.uk.

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