Santander’s free four-year railcard goes digital to help students and apprentices on their journey

  • Santander’s 1|2|3 Student Current Account1 is available to students and apprentices (levels four to seven) 
  • Free four-year Santander 16-25 Railcard, now also available in a digital format (images attached), saves students an average of £182 a year2 on standard rail fares 
  • Guaranteed interest-free overdraft of £1,500 in the first three years, with potential to increase to £1,800 in year four, and up to £2,000 in future years (subject to status) 

As we enter exam results season, Santander UK is pleased to confirm that for the first time, it will offer students and apprentices the option to get a free, digital, four-year, Santander 16-25 Railcard as part of their application for a new 1I2I3 Student Current Account. The digital Santander 16-25 Railcard, available through the Railcard App3, gives students and apprentices (levels four to seven) a third off most rail fares across Great Britain, saving an average of £728 over the course of the four-years. 

Andrea Melville, Director of Current Accounts, Savings and Business Banking at Santander  said: “Santander continues to be the most popular choice for students and apprentices in the UK and, over the last decade, we’ve helped hundreds of thousands to manage their finances whilst also making the most of the range of benefits we have to offer.   
“Our 1|2|3 Student Current Account meets the needs of today's students by helping them stay on top of their money, as well as saving money with a digital Railcard, at a time when every penny really counts.”
Santander’s 1|2|3 Student Current Account is available to open online and to all students, regardless of their year of study4. 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; 
  • Easy switching to Santander with the Current Account Switch Service;

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. 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

2. Average savings made by 16-25 Railcard holders between April 2022 and March 2023. 
3. The Railcard App is available to download on compatible devices, via the Apple App Store, or Google Play Store.
4. 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.