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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.

Our 1|2|3 Student Current Account, for those aged 18 and over, offers a free Santander 16-25 Railcard, interest on your balance and an interest-free and fee-free Arranged Overdraft.

As long as £500 goes into your account each academic term, and you register for Online Banking, you'll get the following:

  • A free 4-year Santander 16-25 Railcard which could save you 1/3 off rail travel in Great Britain

  • An interest-free and fee-free Arranged Overdraft, up to £1,500 in years 1-3, then up to £2,000 if you stay on to year 5 (overdrafts are subject to status).

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

  • Access to 1|2|3 World offers, including preferential rates and special deals on other Santander products.

  • A Visa Debit card for making purchases and accessing your money at cash machines. 

Remember, if you switch your current account to us, we'll move it across in 7 working days, so you can start making the most of your account.

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.


1|2|3 Student Current Account features

If you are 18 or over and eligible for our Student Current Account, you get a free 4-year 16-25 Railcard which could save you 1/3 off rail travel in Great Britain


Interest Account balance

1.00% AER gross (variable)

2.00% AER/1.98% gross (variable) £200+
3.00% AER/2.96% gross (variable) From £300 to £2,000

Interest is paid monthly on the first £2,000 of your entire balance once you have at least £100 in your account.

Interest-free and fee-free Arranged Overdraft  

Year of study Arranged Overdraft limit
1, 2 and 3 £1,500
4 £1,800
5 £2,000

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 increase this to £1,500 you need to pay in £500 and continue to pay in at least £500 per academic term.  

You can ask to reduce your overdraft limit at any time. You may notice as you start a new academic year that your overdraft limit automatically increases in line with the allowances we've set out above. Don't forget that you can always ask us to reduce the limit if you don't want to have a larger overdraft.

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


How it works

  • Open the account and register for Online Banking

  • Pay in at least £500 per academic term

  • Pay in £500 to increase the overdraft limit from £250 to £1,500

  • Receive a unique code through your Online Banking to get your free Santander 16-25 Railcard

  • There is a limit of one 1|2|3 Student Current Account per person

We can switch your existing current account for you in just 7 working days, including your Direct Debits, standing orders and salary (see switching tab for more details).

What you can get

  • Visa debit card with contactless- a quick and secure method of buying goods and services at home and abroad.

  • Contactless payments with an iPhone 6 (or later) or Apple Watch by linking your card to your device and using Apple Pay.

  • Fee free Arranged Overdraft.

  • Chequebook

Visa debit, contactless and overdraft are subject to status.

You can use this account to

  • Set up Direct Debits and standing orders

  • Pay bills

  • Transfer money online, including Faster Payments

Overdraft fees  
Unarranged Overdraft Usage Fee £5 per day (capped at 10 days in each monthly statement period)
Paid Transaction Fees £5 per transaction
Unpaid Transaction Fees £10 per transaction

If you try to make a payment that would take you into an Unarranged Overdraft, we’ll decide whether or not to pay it depending on your circumstances. As a result, you may incur a Paid or Unpaid Transaction Fee.

We have other borrowing options, such as credit cards, personal loans, and additional loans for our existing mortgage customers. Learn more about our borrowing options

There are other charges applicable with this account, such as when you use your card abroad. Please refer to the Terms and Conditions for details.

Switching your existing current account to the 1|2|3 Student Current Account

Hassle-free switching in just 7 working days

  • Our dedicated switcher team will switch all of your Direct Debits, standing orders and your salary

  • You can choose when your switch starts - this can be the day your account is opened or up to 60 days later

  • Your switch will only take 7 working days

  • We'll keep you updated of progress by letter, text and e-mail

  • We'll close your old account and redirect any payments to your Santander Current Account for 36 months

When you switch to us you could get an interest-free and fee-free Arranged Overdraft, up to £1,500 in years 1-3, up to £1,800 in year 4 and up to £2,000 in year 5. (Overdrafts are subject to status)

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


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
Switching to Santander is hassle free and can be completed in just 7 working days.

If you don't already have a Santander Current Account, you can apply online, in a branch or by calling us on 0800 068 6069. We'll ask you during the application if you want to switch an account you hold elsewhere to Santander.

If you're an existing customer and you have an account with another provider that you would like to switch to your existing Santander account, please visit your local branch or call us on 0800 068 6069.

Lines are open 8am to 7pm Monday to Friday and 9am to 2pm Saturdays.

View call charges

To switch you'll need to give us

  • your existing 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 

You choose how you bank with us.

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

Watch our Online Banking videos to learn more.

Mobile Banking
Bank from anywhere using our apps or by using For more information find out more.

Watch our Mobile Banking videos to learn more.

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 0800 9 123 123.

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

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.

Post Office
You can use Post Office branches to make cash withdrawals, balance enquiries, cash deposits and cheque deposits.

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. When you set up account alerts we send you a text, email or both when it happens, for example if your balance goes above or below a certain amount. Learn how to set up alerts

Track your spend with Spendlytics
Use our iOS app, Spendlytics, to analyse and understand your spend in detail. To learn more, take a look at the Spendlytics video

Get the app

Spendlytics is available for Santander credit and debit card customers.

Mobile to mobile payments
Send and receive payments quickly and securely using just a mobile number with Paym.

Find out more
Online Banking
Mobile Banking
Telephone Banking
Post Office
Apple Pay
Our video playlists

Save 1/3 on UK rail travel with the Santander 16-25 Railcard.

You must be aged 18 or over and have a confirmed place at university to open this account

How to get a 16-25 Railcard

  • Open a new 1|2|3 Santander Student Current Account

  • Register for Online Banking

  • Pay in at least £500 per academic term (for example from your income, student loan or grant)

  • A unique code will be sent via secure message to your Online Banking within 5 working days of account opening

How to order your 16-25 Railcard

  • Log on to Online Banking 

  • Get the unique code sent via secure message to your Online Banking

  • Visit

  • 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.

It's more than just cheap rail travel

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

Santander 16-25 Railcard important information

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

  • One Railcard per 1|2|3 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.

Before applying please remember to read the full details and terms & conditions.

You can apply for a new 1|2|3 Student Current Account online if you:

  • are aged 18 or over

  • live in the UK for tax purposes

  • don't have a Santander current account

  • are in or about to begin your first year of an undergraduate course that is at least 2 years in length

  • We recommend you register on the electoral register at your current address before applying

If you're about to begin your studies, you must have a 'confirmed conditional' or 'unconditional' offer of a university place. If you have a conditional offer only, please wait until your place has been confirmed following results, before applying.

If you already have a Santander current account, have completed your first year of study, or want to switch from another provider:

  • Call us on 0800 068 6069. Lines are open 8am to 9pm Monday to Friday, and 8am to 4pm on Saturday.

  • Go into your local branch: Find your nearest branch

You'll need to bring proof of your name and address - see a list of acceptable identification.

If you have already completed your first year of study at university, you must switch your existing current account to us to be eligible.

Apply now

Frequently asked questions