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Student Arranged Overdraft

Interest-free Overdraft
of up to £2,000

See how a Royal Bank overdraft could help

An arranged overdraft lets you borrow money up to an agreed limit on your bank account. So if things are a wee bit tight, an arranged overdraft could help bridge the gap short-term.

Interest free up to £2,000

  • Interest-free arranged overdraft up to £2,000 (£500 in your first term)
  • Get handy text alerts to help you stay on top of things

Apply with ease

  • It takes around 5 minutes to apply through Digital Banking
  • Get a decision straight away if you bank online with us

Get your funds quickly

  • If your application is successful, you’ll normally have the funds available on the next working day. But there are some exceptions.

Features and benefits

Before you apply

Overdrafts explained

We know it’s not always easy to understand overdrafts, so we’ll keep you right by explaining the difference between arranged and unarranged overdrafts. The first thing to know is that both types will cost you money in interest when you use them. But there are other differences too.

Student Arranged Overdrafts

An arranged overdraft allows you to go overdrawn up to an agreed limit. This type of borrowing could help when you're entering the world of work, your day-to-day expenses are changing and pay-day feels a long way off.

Unarranged Overdrafts

An unarranged overdraft is when you spend more money than you have in your bank account and you don’t already have an arranged overdraft in place, or when you exceed the arranged overdraft limit you already have on your account.

If you're accepted

Manage your overdraft easily, wherever you are

You can use our mobile app or digital banking services to see your balance or change your overdraft limit at a time that suits you.

Text alerts to keep you on the straight and narrow

Our free text alerts help you to keep an eye on your spending.

Interest Free

You can apply for an Arranged Overdraft of up to £2,000, interest-free after your first term (subject to approval).

Tools to help you out

Check your chances of being accepted before applying

Have a shot of our eligibility checker tool, which will help you understand if you’re likely to be accepted for an overdraft before you start an application. It only takes a couple of minutes and it won’t harm your credit rating.

Find out how much interest you're likely to pay

Our cost checker tool allows you to see how much interest you’re likely to pay based on how much you plan to borrow, and how regularly you want to use it.

Ready to apply?

Let's get started. Do you have a UK student bank account with us?

Before you apply online, please check you meet our requirements

  • You're aged 18+
  • You've been living in the UK for at least 3 years
  • You've not been declared bankrupt over the past 6 years

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents. You also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Digital Banking.

Are you ready to continue?

One last thing, do you have Digital Banking?

Great! Looks like you're all set and ready to go.

To apply for a Student Overdraft online you need to be registered for Digital Banking.

Do you have an International student bank account with us?

Have you lived in the UK for 3 years or more?

Great! Because you've lived in the UK for 3+ years, you could be eligible for a Student Overdraft. You can apply in branch and must provide proof of 3+ years residency e.g. tenancy agreements or previous utility bills. 

Before you book an appointment below, please check you meet our requirements

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents. You also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Digital Banking.

Sorry, we are unable to offer you an Overdraft at this time. Our Student Overdraft is only available to customers who have lived in the UK for 3+ years.

Our Student Overdraft is only available to customers who have one of our Student bank accounts. Want to take a look?