Student Current Account

Get your student finances sorted with our free everyday banking account

Apply here

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Bank card image

Student Current Account

Get your student finances sorted with our free everyday banking account

Switch guarantee logo
Bank card image
Apply here

If you are an international student, you might want to take a look at our other accounts.

Account features

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

 

Download the app

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You’re eligible for a Student Current Account if:

  • You're aged 17 or over (to apply for an arranged overdraft, you have to be 18 or over)
  • You've lived at a permanent UK address for the past 3 years
  • You’re 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.
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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.

View other accounts

Arranged overdraft information

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.

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 arranaged 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.

 

  • 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

    student account overdraft

    Year

    Interest-free arranged overdraft amount

    Year

    Year 1 of study - first 6 months from accounts opening

    Interest-free arranged overdraft amount

    £500

    Year

    Year 1 of study - months 7 – 9 from account opening

    Interest-free arranged overdraft amount

    £1,000

    Year

    Year 1 of study - months 10 – 12 from account opening

    Interest-free arranged overdraft amount

    £1,500

    Year

    Years 2 and 3 of study

    Interest-free arranged overdraft amount

    £1,500

    Year

    Years 4 - 6

    Interest-free arranged overdraft amount

    £2,000

  • Representative Example

    A variable representative rate of 0% APR

    A variable annual interest rate of 0% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

    Based on Borrowing £1,200

    This example assumes you are in the second year of your studies

    How much does my overdraft cost in pounds and pence?

    As an example, the interest cost of borrowing £500 is:

    £0.00 for 7 days

    £0.00 for 30 days

    £0.00 for 60 days

    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

    You can use our calculator to work out how much your arranged overdraft borrowing could cost over different periods of time.

     

    Cost Calculator

    You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

     

    Eligibility Tool

    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.

    Apply for an arranged overdraft

     

How to apply for a Student Current Account

You 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. 

Apply with our app

You can do this on our Mobile Banking app by scanning the QR code, online or in any Bank of Scotland branch with your ID documents. You'll need:

  • Your 4-digit UCAS code confirming your place on your course. You can find this in the UCAS portal
  • Proof of identity, such as a driving license or passport
  • Proof of address, such as a utility bill or bank statement (branch)

Account opening is subject to our assessment of your circumstances.

Continue on the website

Mobile phone with flowers on screen and QR code

Change an existing account

Log in via Internet Banking by selecting the 'Log in' to apply button.

  • During the application , you'll be asked for your 4 digit UCAS code
  • Your sort code and account number will stay the same

Log in to apply

#applynow

How to apply for a Student Current Account

You 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. 

Mobile phone with flowers on screen

Apply with our app

You can do this on our Mobile Banking app by scanning the QR code, online or in any Bank of Scotland branch with your ID documents. You'll need:

  • Your 4-digit UCAS code confirming your place on your course. You can find this in the UCAS portal
  • Proof of identity, such as a driving license or passport
  • Proof of address, such as a utility bill or bank statement (branch)

Account opening is subject to our assessment of your circumstances.

 

Get started on the app

Continue on the website

Change an existing account

Log in via Internet Banking by selecting the 'Log in' to apply button.

  • During the application , you'll be asked for your 4 digit UCAS code
  • Your sort code and account number will stay the same

Log in to apply

  • 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.

  • How to qualify?

    To qualify for the £110 cash offer, you must meet the following conditions:

    • Open a new Bank of Scotland Student Current Account, or change your existing account to a Bank of Scotland Student Current Account, between 1st August 2024 and 31st October 2024; and
    • Successfully pay in at least £500 into your Bank of Scotland Student Current Account by 31st October 2024

     

    Are there exclusions?

    You are not eligible for this offer if:

    • you already have a Student Current Account or Graduate Current Account with Bank of Scotland, Halifax or Lloyds Bank or have held one since 1st August 2020;
    • you do not pay in at least £500 into your account by 31st October 2024.

     

    When will the £110 be paid?

    • The £110 cash offer will be paid directly into your Bank of Scotland Student Current Account in one payment by 30th November 2024 and will appear as a cash credit. 
    • Your Bank of Scotland Student Current Account must remain open to receive the £110 cash offer. 
    • Only one cash offer is available per customer.

     

    How long will this offer be available for?

    • This offer is available from 1st August 2024 to 31st October 2024; however, it is subject to change and can be withdrawn without notice at any time.

Key account information

Bank of Scotland Bank Account conditions (PDF, 173KB)

Bank Account welcome pack (PDF,567KB)

Fees and charges

 

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!

Open an account

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.

FSCS Protected