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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.


From 6 April 2016, interest is received gross, with no income tax deducted. Take a look at our information pages to learn more

Interest Account balance

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
4 £1,800
5 £2,000

When you open your account you'll get an Arranged Overdraft limit of £250 as soon as we’ve checked you’re an eligible 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

This is a paper-free account which means:

  • Your documents, statements and some of your letters will be sent as an e-Document to your secure inbox on Online Banking (unless you require documents in an alternative format, such as braille)
  • You'll need to provide us with an email address when you open the account as we’ll send you an email to let you know when a document is ready to view.
  • Once the account has been open for at least 24 hours, you can update your account settings at any time to start receiving statements and other correspondence by post. 

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 contactless debit card - a quick and secure method of buying goods and services at home and abroad.

  • Contactless payments with your mobile by linking your Santander debit or credit card to your Apple, Android or Samsung device.

  • Fee free Arranged Overdraft.

  • Retailer Offers - earn cashback of up to 15% at a range of major retailers when you use your Santander Visa debit card.

  • 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

The 1|2|3 Student Current Account has a monthly cap for Unarranged Overdraft fees of £95 which includes Paid and Unpaid Transaction Fees

From your first monthly statement period starting on or after 10 July 2018, we will remove the existing Unarranged Overdraft fee cap of £95 per monthly statement period, which includes Paid and Unpaid Transaction fees. This will be replaced by a lower cap of £50 per monthly statement period. This means you won’t pay more than £50 per month in Unarranged Overdraft fees.

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.

Overdraft alerts
We’ll automatically send you alerts about your balance to help you avoid charges e.g. when you’re in an Unarranged Overdraft, a payment has gone unpaid or you need to pay money in to cover a payment. These alerts will be sent by text message and/or email.

Once your account has been set up you can update your alert settings at any time by logging on to Online Banking, visiting one of our branches or by calling us on 0800 9 123 123.


Apply now

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

Stress-free switching in just 7 working days

  • You can either switch 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 

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 

If you have an account with another provider that you’d like to switch to us, please visit your local branch

If you’ve completed your first year of study at university, you must switch your existing account to be eligible to open a student account.

To switch you'll need to give us

  • your existing sort code and account number

  • your existing debit card number and expiry date.

Check if your current bank or building society is signed up to the Current Account Switch Service

For more information please refer to our Switch Your Current Account Factsheet




Apply now

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. 

Need a helping hand? Use Send Me the Link to send yourself our mobile apps, videos, guides, & factsheets

Send me the link allows you to send yourself links for our mobile apps, videos, guides, & factsheets which can help you with your Online & Mobile Banking needs. Access Send Me the Link here. 

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



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 9pm 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



Use our ATMs for:

  • withdrawing cash

  • making cash and cheque deposits

  • checking your balance

  • managing your PIN 

Find out more


Post Office

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

Find out more


Protect yourself from fraud

It’s very important that you keep your banking details private and secure.

  • Never share a Santander One Time Passcode (OTP) with another person. Not even a Santander employee.
  • Never download software or let anyone log on to your computer or devices remotely during or after a cold call.
  • Never enter your Online Banking details after clicking on a link in an email or text message.

For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre.


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

  • 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 Rail Delivery Group.

  • 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.

For more information on the Santander 16-25 Railcard please see our FAQs below or visit the Rail Delivery Group FAQs page.




Apply now

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You should print or save copies of these documents for your records and future reference.

To view these documents, you may need to download Adobe Reader.


Apply now

Before applying please remember to read the full details and terms & conditions.

You can apply for a new 1|2|3 Student Current Account if you:

  • are aged 18 or over
  • live in the UK for tax purposes
  • are about to begin or have started an undergraduate course that is at least 2 years in length

How to apply:

You can apply online or in any of our university branches if you: You’ll need to apply in any Santander branch (including our university branches) if you:
  • Don't have a current account with us already; and
  • Are in or about to begin your first year of study
  • Already have an existing current account with us (you’ll need to transfer your account in branch)
  • Are in your second year of university or above as you’ll need to switch your existing account to us
  • Would like to switch to us an account from another provider
How to apply:
  • To apply online, follow the instructions in the table below
  • If you’d prefer to apply in a university branch – Find a branch on a university campus (they show as ‘Santander Universities Branch’ in the search results). You may need to make an appointment.
How to apply:
If you're about to begin your studies, you must have a 'confirmed conditional' offer (this is given once you’ve received your results) or an 'unconditional' offer of a university place. If you have a conditional offer only, please wait until your place has been confirmed following your results before applying.

We recommend you provide us the address where you’re registered on the electoral roll.

To apply online for a 1|2|3 Student Current Account follow these simple steps:
 1) Complete our online application to open a 1|2|3 Student Current Account
 2) When you’ve filled out your details we’ll email instructions on how to provide your proof of course and if required, any ID (we’ll email the address you provided in the application form).
 3) We’ll let you know if your application has been successful.
 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).




Apply now

Frequently asked questions

  • Use the address where you’re registered on the electoral roll, or alternatively, make sure you register on the electoral roll at your new address. You can always change your correspondence address with us if you’d like to receive your statements and other important information by post to your university address.

    You must update your address with us each time you move.

  • 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.

  • A statement period usually runs from the monthly anniversary of the date you opened or transferred your account, unless you've asked for it to be changed.


    For example, if your statement date is the 18th of the month, your monthly statement period will cover the period from the 18th of one month until the 17th of the next.


    Where we talk about a month in relation to your account, we're referring to the monthly statement period. When we ask you to fund the account each month, or talk about paying cashback monthly - for example - we mean the monthly statement period.


    We’ll provide you with a paper statement once every three months, unless you ask us to provide you with a paper statement monthly or you’ve chosen to be paper-free. However often you choose to receive your statements, it will not affect your monthly statement period.


    For more information please visit the changes to your account page. 

  • Can’t find what you are looking for? Find more on the current account FAQs page.

AER explained
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.

Rates may change and we pay interest each month.

EAR explained
EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges.

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

Information correct as at 6 April 2016

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website Santander and the flame logo are registered trademarks.