Student bank accounts

Find student bank account

These organisations can help you find and compare bank accounts: 

• Compare the Market
• Money Saving Expert
• Save the Student

As a University, we aren’t allowed to recommend a specific bank to you. 

Choose a student bank account

You should choose a bank account that supports your long-term needs.  

Consider these factors when choosing a student bank account: 

• look beyond short-term incentives and perks 
• consider how the account will support you throughout your studies 
• check the overdraft terms carefully, as it can help you in an emergency 
• check the app and online banking features, as they can help with budgeting. 

Bank account overdrafts

When you review the overdraft, you should look at: 

• if the overdraft is interest-free, so you do not get charged when you spend 
• if you can use the overdraft at any time  
• the overdraft’s limit.  

An overdraft can be helpful if your living costs are higher than your student loans. You should: 

• never spend more than the overdraft’s limit 
• plan how you will pay off any overdraft you use 
• find out when your bank account will change to a Graduate Bank Account, as you might start paying interest on the overdraft.  

Bank account terms and conditions

Each bank has different rules. Most student bank accounts are for full-time students who have been a UK resident for at least three years. 

Read the terms and conditions before you sign up for an account. You must follow the rules or you might: 

• be charged 
• have your account frozen 
• get a lower credit rating. 
• Online banking

Get a bank account with an online banking service or mobile app. This makes it easier to manage your money and budget. 

Contact a Student Money Adviser

If you have a funding, budgeting or money-related question or worry, speak to a Student Money Adviser.