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.
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
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
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|
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.
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.
Visa debit, contactless and overdraft are subject to status.
You can use this account to
Set up Direct Debits and standing orders
Transfer money online, including Faster Payments
|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)
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.
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.
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.
Bank from anywhere using our apps or by using m.santander.co.uk. For more information find out more.
Watch our Mobile Banking videos to learn more.
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.
You can do more than just withdraw cash at our cash machines. For example, pay money or cheques in, pay bills and lots more.
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
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.
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
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
Get the unique code sent via secure message to your Online Banking
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.
1|2|3 Student Current Account Key Facts Document including Pre-Contractual Information
General Terms & Conditions including Terms of Business
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.
Call the Railcard team on 0844 848 8010.
Calls to 0844 numbers have a set up charge of up to 13p and then cost up to 4p per minute depending on your BT call plan. Calls from mobile and other providers' charges may vary.
Alternatively, as long as you don’t include secure information such as your account number, you can email us at firstname.lastname@example.org
Your Santander unique code will be valid for 60 days from the date of issue. If you already have a Railcard that is due to expire within this time you can wait until the day after it has expired and then apply for your Santander 16-25 Railcard here.
If you can't wait until your Railcard has expired, or your current Railcard is due to expire within the next three months, you won't be able to renew using your current online Railcard account. You will need to set up a new account using a different email address to the one you previously used, and order a new Railcard.
Yes. You can tell us where to send your Santander 16-25 Railcard when you submit your order.
Yes. However, when you travel between 4.30am and 10am Monday to Friday, it can only be used on fares that cost at least £12. There is no minimum fare when you travel at weekends, on Public Holidays, or during July and August.
No. Unfortunately you need to wait for your Santander 16-25 Railcard to arrive.
Yes. You are eligible as long as you open a Santander Student Account, pay in at least £500 per term and register for Online Banking.
No. The Santander 16-25 Railcard is valid for 4 years. The expiry date will be printed on the front of the Santander 16-25 Railcard.