A current account designed for students in full-time education and apprenticeships.
An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
- Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use more than your interest-free amount.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
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 don’t meet the eligibility criteria for a Bank of Scotland Student Account you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts.
You will need to be aged 17 or over, on a degree course or equivalent full time education and have been a permanent UK resident for the past 3 years to apply.
Apply for our Student account using our simple application form.
You will need to go to a branch once your application is successful to provide staff with the following:
Simply login to your Internet Banking. The link below will take you to the start of the application.
Got any questions? Call us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm).
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
|
Year |
Interest-free arranged overdraft amount |
|---|---|
YearYear 1 of study - first 6 months from accounts opening |
Interest-free arranged overdraft amount£500 |
YearYear 1 of study - months 7 – 9 from account opening |
Interest-free arranged overdraft amount£1,000 |
YearYear 1 of study - months 10 – 12 from account opening |
Interest-free arranged overdraft amount£1,500 |
YearYears 2 and 3 of study |
Interest-free arranged overdraft amount£1,500 |
YearYears 4 - 6 |
Interest-free arranged overdraft amount£2,000 |
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.
To apply for a Bank of Scotland Student Account you must be 17 or over and be 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.
If you plan to study in the UK, you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts.
Information for International students applying for a Classic Account
Ways to apply
Applying for an account online can be a convenient way to open an account but do bear in mind that you will be required to provide proof of identification and address at a Bank of Scotland branch to complete your application.
What documents can I bring?
After applying for a current account online, you will need to provide proof of your identity and address at your nearest branch within 14 days so we can continue with your application. All documents must be the most recent ones. We don’t accept expired documents or documents printed off the internet.
We need to see one of the following documents.
This document must show your full name. You can choose from the following:
PLUS
We need to see one of the following documents.
This document must show your full name and current address. You can choose from the following:
We reserve the right to ask for additional documents. If you don’t have the documents listed above, we may be able to accept others so please speak to a member of staff if you have any questions about this or any of our services.
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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.
