Santander UK prize draw gives 200 students the chance to kick-start their studies with an extra £500

With the nervous wait for A level and Higher results over, and the preparations and packing for university beginning, Santander UK is offering 200 students the chance to kick-start their new term with an extra £500 in their bank, as part of its latest prize draw1.

The £100,000 prize draw, which is open to full-time or part-time undergraduates of any year or postgraduates continuing with their studies, offers students the opportunity to give their finances a boost as many prepare to tackle rent and bills for the first time, alongside the cost of textbooks and study resources. 

All students, whether Santander customers or not, can apply by registering on the Santander Scholarship Platform and enrolling into the prize draw. The deadline for applications is 11pm on the 31 October 2023.  By registering to the Scholarship Platform, students will also be kept up to date on all new initiatives from Santander Universities including future grants, prize draws and skills programmes. 

Supporting students on their journey through higher education is a key priority for Santander. Over the last decade, Santander’s 1|2|3 Student Current Account2 has helped hundreds of thousands to manage their finances whilst also making the most of their money through the range of benefits it offers, including a free four-year Santander 16-25 Railcard which saves students a third on most rail travel around Great Britain. The free four-year Railcard, now also available in a digital format3, saves students an average of £182 a year4.

Santander’s 1|2|3 Student Current Account is available to open online and to all students, regardless of their year of study5.

In addition to the free four-year Railcard, the Santander account offers:   

  • A guaranteed interest-free overdraft of £1,500 in the first year of study for customers accepted for the Santander 1|2|3 Student Account. This can increase up to £1,800 in the fourth year and up to £2,000 in the fifth year (subject to status, and if students continue with their studies);  
  • Cashback, vouchers, prize draws and other offers available through our free rewards program, Santander Boosts;  
  • Personalised spending analysis to help customers stay on top of their spending through My Money Manager;  
  • A contactless debit card, digital banking (Mobile Banking app and Online Banking) and contactless payments with an Apple, Android or Samsung device;  

Santander UK also has a range of budgeting tools and tips to cut spending on food shops and energy bills alongside specific help and support for students and apprentices, many of whom will soon find themselves responsible for household bills and managing their wider finances for the first time.   

To open an account or for more information, visit 1|2|3 Student bank & current accounts | Santander UK

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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions. 

Notes to Editors  

1. Full eligibility terms and conditions can be found here: Santander Universities. 

2. Santander’s 1|2|3 Student Current Account: 

  • Customers are initially given £250 arranged overdraft limit which is increased to £1,500 in year one once customer registers for Online Banking and pays in £500. Future limits are subject to status and can increase to £2,000 by the time the customer moves to the Graduate account
  • Contactless debit card 
  • Easy access - withdraw up to £300 daily without charge  
  • All overdrafts are subject to status. Terms and conditions apply. Please visit

3. The Railcard App is available to download on compatible devices, via the Apple App Store, or Google Play.

4. Average savings made by 16-25 Railcard holders between April 2022 and March 2023.  

5. Customers that are not in their 1st year of university must switch an account from another provider as part of their application for the 123 Student Current Account. 

Santander universities 
Since 2007, Santander has donated £105 million through its Universities programme, investing £8 million a year across our 75 partner universities. The work done through the Santander Universities team is a central part of the bank’s Responsible Banking strategy, recognising the role that education and universities play in society, giving Santander unique credibility in the market not just in the UK but globally.  

Santander believes that education is the solution to a prosperous tomorrow and work to connect anyone, anywhere with the skills to build a brighter future. Santander Universities focus is on Education, Skills and Start Ups – providing support including scholarships, bursaries, inclusive programmes, support for businesses, access to Santander networks and experts, internships, mobility awards, job creation and skills development.  

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2023, the bank had around 19,400 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 445 branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.

Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first half of 2023, Banco Santander had €1.25 trillion in total funds, 164 million customers, 9,000 branches and 212,000 employees.