Our 1|2|3 Student Current Account 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
A Visa debit card
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
Get a free 4-year Santander 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.
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
What you can get
Visa debit card - a quick and secure method of buying goods and services at home and abroad.
Arranged Overdraft - fee free.
These are subject to status
You can use this account to
Set up Direct Debits and standing orders
Transfer money online including Faster Payments
Fees you pay if your account is Unarranged overdrawn
|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|
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
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.
Secure, 24/7 banking. Make payments, view statements and much more.
Bank from anywhere using our apps or by using m.santander.co.uk.
Text me the app
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.
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.
Mobile to mobile payments
With Paym you can send and receive payments quickly and securely using just a mobile number.
With the Santander 16-25 Railcard you save 1/3 off rail travel in Great Britain.
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 code from 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
Alternatively or if you want to switch
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.
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
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.