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1|2|3 Student Current Account

With a free 16-25 Railcard saving you 1/3 on rail travel for 4 years, a £1,500 overdraft, and interest when you're in credit, our Student Current Account is hard to beat.

The 1|2|3 student current account that could give you 1/3 off rail travel in Great Britain for 4 years when you open a student current account and register for Online Banking.

As long as £500 goes into your account each academic term, you’ll get the following alongside your free 16-25 Railcard:

  • An interest-free Arranged Overdraft, up to £1,500 in years 1-3, then up to £2,000 if you stay on to year five (subject to status).

  • No Arranged Overdraft Usage Fees.

  • Get 3% AER/2.96% gross (variable) on balances from £300 up to a maximum of £2,000.

  • A contactless Visa debit card to tap and pay for fast and secure payments of £20 or less, wherever you see the contactless symbol.

Representative example
0% EAR (variable) Arranged Overdraft. No Arranged Overdraft Usage Fees apply. Assumed Arranged Overdraft credit limit £1,200. Actual amount may differ.


If you already hold a Santander current account or would like to switch your account from another provider, please visit your local Santander branch.


Please read the full product details and terms & conditions before applying. Other
accounts are available; see our current account range to find out more.


Save on rail travel and get interest with the 1|2|3 Student Current Account.

1|2|3 Student Current Account features:

  • A free 16-25 Railcard.

  • No monthly fee.

  • A Visa debit card for making purchases and using in cash machines and with built in contactless technology to tap and pay for fast and secure payments of £20 or less.

  • Withdraw up to £300 a day from any Santander or Link cash machine.

  • Free text message and email alerts letting you know when something has happened on your account.

  • Manage your money on the move with Mobile Banking

An interest-free and fee free Arranged Overdraft
Up to £2,000 interest-free while you’re studying. When you open your account you’ll get an Arranged Overdraft limit of £250 once you have provided proof that you are a student. To receive the increased overdraft all you need to do is pay-in £500 each academic term.

Year of study Arranged Overdraft Limit

1, 2 & 3

4 £1,800
5 £2,000

Interest on your account balance
You can start earning interest on your entire account balance as soon as have a balance of at least £100. And we’ll pay interest on the first £2,000 of your balance. Interest is calculated daily and we’ll pay it into your account each month.  

Interest rate Account balance
1.00% AER/gross (variable) £100+
2.00% AER/1.98% gross (variable) £200+
3.00% AER/2.96% gross (variable) From £300 to £2,000


Representative example
0% EAR (variable) Arranged Overdraft. No Arranged Overdraft Usage Fees apply. Assumed Arranged Overdraft credit limit £1,200. Actual amount may differ.

Switching your existing Current Account to the 1|2|3 Student Current Account
You can apply for a new 1|2|3 Student Current Account online, but if you'd like to switch an existing account from another provider to Santander please visit your local Santander branch.

Switch your current account in just 7 working days
We are members of the Current Account Switch Service. This means your switch will be completed in 7 working days and backed by the Current Account Switch Guarantee.

The switch can begin on the day your account is opened or on a date any time in the next 60 days. We'll ask you to choose when you apply.

All taken care of
Our dedicated switcher team manage the switch of all your Direct Debits, standing orders and your salary. We'll close your old current account and make sure any payments to and from your old account are redirected to your new account for 13 months.

Our switcher service is rated 5 Star by Defaqto, an independent financial research company, so you can be confident your current account switch is in the best hands. 

How to switch
To switch your account into our Student Current account you will need to apply at your local branch.

During your application for a new current account you'll be asked if you have a current account with another provider and, if you do, you can choose to switch it. We'll then ask for your old bank account details so we can contact your old bank to get things moving.

Before applying please make sure you have:

  • your old account sort code and account number

  • your existing debit card number and expiry date. If you are switching a joint account to us, we'll need the debit card details for all applicants.

It's important that the details you provide are the same as the ones held at your old bank, so if you need to update names or addresses for example on your old account, it's best to do this before you start your switch.

If you have a joint account with your old bank and your new Santander account is a single account, we wont be able to complete your switch.

See how easy it is to switch to Santander.

You choose how you bank with us.

Online Banking
Secure, 24/7 banking. Make payments, view statements and much more.

Mobile Banking
Bank from anywhere using our apps or by using
Text me the app

Telephone Banking
24/7 banking by phone. Speak to us during the day and in the evenings or use our automated service any time of day. Call us on 08459 724 724.

Branch – visit one of our branches nationwide. Find your nearest branch.

Make mobile to mobile payments
Use Paym, the new mobile to mobile service, to send and receive payments quickly and securely using just a mobile number.

Cash machines
You can do more than just withdraw cash at our cash machines. For example, pay money or cheques in, pay bills and lots more.

Free text and email alerts
You don’t have to wait for your statement to arrive or to log on to find out something has happened on your account anymore. By setting up the alerts you want in Online Banking we can send you a text or email when it happens - such as when your balance goes above or below a certain amount.

Find out more
Online Banking
Mobile Banking
Telephone Banking

Save on rail travel with a free 4-year 16-25 Railcard, available with the 1|2|3 Student Current Account.

More than just cheap travel
With a 16-25 Railcard you'll get exclusives deals on holidays, eating out, top attractions and many more deals.

How to get a 16-25 Railcard
To be eligible for the 16-25 Railcard, you simply need to:

  • be accepted for a new 1|2|3 Santander Student Current Account.

  • register for Online Banking.

  • use the account as your main current account, paying in at least £500 per academic term (for example from your income, student loan or grant). 

To order the Railcard, you need to:

  1. make sure you meet the eligibility criteria

  2. get your unique Railcard code by logging on to Online Banking. We’ll send you a secure message in Online Banking within 5 days of opening your account and registering for Online Banking.

  3. Upload a photo of yourself and enter your unique code at 

Your unique code is valid for 60 days from the date of issue and cannot be re-issued once expired. You'll receive your 16-25
Railcard within 5 working days of completing your order.

Santander 16-25 Railcard important information

  • Before using your Railcard, please read the Santander 16-25 Railcard Terms and Conditions.

  • One Railcard per 1|2|3 Student Current Account.

  • The Railcard is not available with the International Student Current Account.

  • There is no cash alternative to the Railcard and it is not transferable to any other person.

  • The unique Railcard code must only be redeemed by the Santander 1|2|3 Student Current Account holder.

  • The Railcard will be issued and maintained by the Association of Train Operating Companies.

  • The Railcard can only be used in mainland Great Britain; that is England, Scotland and Wales. It can’t be used on train services in Northern Ireland or the Republic of Ireland.

  • Your email address will not be used for marketing purposes unless you have given us your permission to do so, but will be used to send service messages to you.

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader.

Apply online for a 1|2|3 Student Current Account if you:

  • are aged 18 or over

  • live permanently in the UK

  • don’t have a Santander current account already. 

You must also;

  • be in your first year of an undergraduate course, an HND or nursing training that’s 2 years or longer or have an unconditional offer for a course starting this academic year.

If you already hold a Santander current account or would like to switch your account from another provider, please visit your local Santander branch.

Alternatively, you can apply by phone. Just call us on 0330 123 4993. Lines are open 8am to 9pm Monday to Friday, and 8am to 4pm Saturday.

Before applying please remember to read the 'Full details' and the 'Terms & rates' tabs.

Apply now

Frequently asked questions