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Student Current Account
Get your student finances sorted with our free everyday banking account
If you are an international student, you might want to take a look at our other accounts.
£100 cash and up to £90 in Deliveroo vouchers
Sounds tasty, right?
To qualify, you’ll need to follow these simple steps:
£100 Cash:
Open (or change your existing Bank of Scotland bank account to) a Student Account and pay in at least £500 by 31 October 2025.
Up to £90 Deliveroo vouchers:
- First, you need to qualify for the £100 cash.
- Then you’ll get a £15 Deliveroo voucher for each month you make 20 or more qualifying debit transactions between November to April.
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These terms apply to a Bank of Scotland Student Account £100 cash offer and Deliveroo voucher offer. The offer is one payment of £100 cash paid into your new account and up to £90 of Deliveroo vouchers, paid as a £15 voucher a month over 6 months.
£100 Cash Offer
To qualify for the £100 cash offer, you must:
- Open (or change your existing Bank of Scotland bank account to) a Bank of Scotland Student Account between 1 August 2025 and 31 October 2025; and
- Pay in at least £500 to your Bank of Scotland Student Account by 31 October 2025.
You won’t qualify if:
- You currently have, or have had at any time since 1 August 2020, a Student Account or Graduate Account with Lloyds Bank, Bank of Scotland, or Halifax.
- You open a Bank of Scotland Student Account either before 1 August 2025 or after 31 October 2025.
- Your application for a Bank of Scotland Student Account isn’t successful.
- You don’t pay in at least £500 by 31 October 2025.
When will I receive the £100 cash offer?
- The £100 cash offer will be paid into your Bank of Scotland Student Account in one payment before 30th November 2025 and will appear as a cash credit.
- Your Bank of Scotland Student Account must remain open to receive the £100 cash offer.
- Only one cash offer is available per customer.
Up to £90 of Deliveroo Vouchers
To qualify for the Deliveroo voucher offer, you must:
- Qualify for the £100 cash offer; and
- Each calendar month between November 2025 and April 2026, complete 20 or more qualifying debit transactions on your Bank of Scotland Student Account. Each month you do this, you will then receive a £15 Deliveroo voucher the following month. For example, if you make 20 or more qualifying debit transactions in January, you will receive your £15 voucher in February.
- It is possible to qualify for some months and not others.
What do we mean by a debit transaction?
- Any money paid out of your Bank of Scotland Student Account. However, what we won’t include are:
- Inter-account transfers (what we mean here is money sent to a Lloyds Bank, Halifax, or Bank of Scotland account in your name, including joint accounts);
- Any Bank of Scotland fees or charges;
- Any gambling related payments (what we mean here is any transactions made to betting sites, casinos, online gambling platforms, or lotteries);
- Financial services transactions (what we mean here is money transmission orders, purchases of foreign currency or travellers cheques, purchases of financial services such as insurance or investments);
- Cryptocurrency transactions;
- Any transactions out of your account that are disputed or we think are fraudulent.
When and how will I receive the Deliveroo vouchers?
- Vouchers will be sent each month, from December 2025 to May 2026, to the email address you provided during onboarding.
- Vouchers will be issued during the month after the one in which the qualifying transactions were completed.
- We are not able to reissue Deliveroo vouchers if your email address is incorrect; it is your responsibility to make sure your details are correct and uptodate.
- You have 30 days to use your Deliveroo voucher before it expires. We’re unable to reissue expired or lost vouchers.
- There is no cash alternative available.
Both offers are subject to change and can be withdrawn without notice at any time.
Account features
- Interest-free arranged overdraft – apply for up to £1,500 in years 1-3 and up to £2,000 in years 4-6 (available if aged 18 or over)
- Easy access to your account via Internet Banking and the Mobile Banking app, Telephone Banking, plus any of our branches in Scotland
- Free everyday banking when you stay in credit – no monthly fee
- Receive up to 15% cashback with our Everyday Offers – available with some of your favourite retailers
- Save the Change® – automatically rounds up your transactions to the nearest pound and puts the difference in a nominated savings account
App features
- Freeze your card – gives you the ability to stop your card being used whenever you like
- Manage your subscriptions – manage everything with ease in the app
- Mobile alerts – whenever you spend on your card, we’ll let you know
You can apply if you:
- have a 4-digit UCAS code confirming your place for your course
- are aged 17 or over (to apply for an arranged overdraft, you have to be 18 or over)
- have lived at a permanent UK address for the past 3 years
- are studying on a full-time course that lasts for at least two years, or on a one year access course leading onto a full-time degree.
Are you an international student?
If you have not been a resident in the UK for at least three years, you will not be able to apply for a Student Current Account.
Instead, you might want to take a look at our other accounts.
Arranged overdraft information
An arranged overdraft is a short-term borrowing option on your current account that allows you to borrow up to an agreed limit. It can act as a buffer, helping you manage unexpected costs.
There is no fee to set up an arranged overdraft and you’ll only pay daily arranged overdraft interest if you use more than your interest-free amount. If you use your arranged overdraft over your interest free amount but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.
- Applying – you can do this at the end of the Student Current Account application or any time after your application.
- Amending – you can reduce or remove your arranged overdraft whenever you like through the app, Internet Banking, over the phone or in branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. Using an arranged overdraft increases your overall borrowing and may affect your credit score.
- Cost calculator – use this to calculate how much it will cost you to use an arranged overdraft.
- Keep in mind – if you don’t have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse the payment. Missing payments and using an unarranged overdraft may damage your credit score, so please get in touch if you find yourself in these circumstances.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
If you are given an arranged overdraft limit higher than the interest free amount, you will be charged interest on any borrowing over and above the interest free amount.
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Sometimes we need to plan for the unexpected and having an arranged overdraft limit set up can provide you with the flexibility of extra money to help tide you over.
The Student Account comes with an interest-free arranged overdraft of up to £1,500 in years 1-3 and up to £2,000 in years 4-6.
When you graduate, we’ll still be here to help, converting your student account to a graduate account which also provides an interest-free offering.
The amount of your arranged overdraft that is interest-free will depend on your year of study.
For Student Account
Overdraft table Year
Interest-free arranged overdraft amount
Year
Years 1 – 3 of study
Interest-free arranged overdraft amount
£1,500
Year
Years 4 – 6 of study
Interest-free arranged overdraft amount
£2,000
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How does our overdraft compare?
You can use the representative APR to compare with other products or credit providers, this can help you make sure that you chose the right type of borrowing for you.
Useful tools
Cost calculatorYou can use our calculator to work out how much your arranged overdraft borrowing could cost over different periods of time.
Eligibility toolYou can use our eligibility tool to find out if you are eligible for an arranged overdraft.
Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.
Find out more detailed information on overdrafts such as interest rates, charges and managing your arranged overdraft limit.
If you already have a current account with us, you can apply for an arranged overdraft through Internet Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft limit too.
Frequently asked questions
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When you are no longer eligible for the Student Account, for example you graduate from your course, we will convert your account to a Graduate Account, unless you make alternative arrangements with us.
If you are not eligible for a Graduate Account (for example you leave full-time study before graduating) we will convert your account to a Classic Account (or similar account if it is no longer available).
Arranged Overdraft
You can apply for a tiered interest-free arranged 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.If you have an overdraft limit greater than the interest free amount, then you will be charged 29.9% EAR (variable) representative on any amount you use above this limit.
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If you have a Bank of Scotland Student Account already, and continue straight onto a Masters Degree or PhD, you can extend your existing Student Account and hold it for a maximum of 6 years whilst you study.
If you don’t have a Bank of Scotland Student Account, and are starting a Masters Degree, then you can open a new Student Account if you are 17 or over, have been a resident in the UK for at least three years and are studying for a full-time course that lasts for a minimum of two years or be on a one year access course leading onto a full-time degree.
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Find out how fraud can harm you and what you can do to stop it:
Invest Wise
Introducing Invest Wise, our free investment account for 18-25 year olds - the ideal companion for students aspiring to smash their financial goals. Enjoy an account with no admin fees and take advantage of free regular investing, so even more of your money can go into your investments!
Please remember that the value of investments and the income from them can fall as well as rise, and you may get back less than you invest.
We may monitor and record calls.
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.
