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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.

 

 

 

 

 

Apply now

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

From 6 April 2016, you’ll receive interest gross, with no income tax deducted. Take a look at our information pages to learn more

Interest 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

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.

 

 

 

Apply now

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

Hassle-free switching in just 7 working days

  • You can switch either to a new account, or one you've already got with us

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

  • Choose when your switch starts - this can be up to 60 days in the future

  • 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 or in a branch. 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.

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 

 

 

 

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From day-to-day banking to analysing how you spend, do it your way

Because we know you have busy lives and are often on the move, we want to give you ways to bank that make life easier. We're always looking for new ways to bank that help you do what you need to do, with your phone, computer or in person.

So if you're taking a break from studying in the library, log on with your tablet to check the interest you've earned. If you want to pay a friend for your share of a night out, use Paym on your mobile to make a quick transfer with no need for bank details. And if you're on the high street pop in for the personal service.
 

Here are just a few of the things you can do:

Mobile Banking

Our fastest growing way to bank. Use your phone or device to:

  • see balances, make payments and check your interest

  • register for Retailer Offers to earn additional cashback on your spend

  • set up personalised account alerts  to let you know what's going on with your money

And much more

Take a look at our Mobile Banking videos
 

Get the app

 

Online Banking

24/7 banking on your desktop or laptop computer. Everything you can do on mobile, plus:

  • manage personal details such as change of address

  • register to receive mobile-to-mobile payments with Paym  

  • get your unique code for your 16-24 Railcard 

And much more

Take a look at our Online Banking videos
 

Sign up

 

Branches

Come in and see us for:

  • face-to-face support in managing your account

  • free customer wi-fi: bring your own device into branch and we'll help you with our online and mobile services

Find a branch

 

Contact Us

Telephone Banking

  • with our UK-based team on hand until 11pm most nights, and an automated service when they go home, do your banking by telephone any day of the week

  • call us on 0800 9 123 123

Find out more

 

ATM

Use our ATMs for:

  • withdrawing cash

  • making cash and cheque deposits

  • checking your balance

  • managing your PIN 

 

Post Office

  • Use Post Office branches to make cash withdrawals, balance enquiries, cash deposits and cheque deposits

Find out more

 

 

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 www.santander-railcard.co.uk

  • 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.

 

 

 

Apply now

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.

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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

Follow these simple steps to open a 1|2|3 Student Current Account:
 Step 1 Complete our online application to open a 1|2|3 Student Current Account
 Step 2 Once you have filled out your details you'll receive a link to upload your proof of course (this will be sent to the email address you provide in the application form)
 Step 3 You'll receive confirmation your 1|2|3 Student Current Account has been successfully opened
 Step 4 Follow the instructions in the email we send you to register for your free Santander 16 -25 Railcard through Online Banking (you'll receive this within 5 working days of completing your order)

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:

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