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Student overdraft up to £2000

Open our Student
bank account

On this page
About this account
Choose your offer
Frequently asked questions
Student account eligibility
How to apply online
International Students
Apply now

About our Student account

Interest-free overdraft up to £2000 (£500 in first term) 

Choose 1 of 3 great offers; a tastecard, Amazon Prime Student membership or National Express Coachcard

Easily pay family and friends using their mobile number - (as long as they have our mobile app or are registered for Paym)

Our mobile banking app is simple, secure and lets you manage your money wherever you are

No monthly fee

Apply online only. You must be 17+ living in the UK. You must either be a full time undergraduate student on at least a 2 year course at a UK University/College or you must be completing a full time postgraduate or nursing course lasting a year or more. You may only apply within 6 months of your course start date. You need to be 18 or over and have lived in the UK for 3+ years to apply for an Overdraft. 

Choose 1 of 3 offers

Student Offers

1 - tastecard

Dine out and get 50% off food or 2 for 1 meals. Plus save on entertainment, including the cinema. Valid for 4 years. Smartphone required.

2 - Amazon Prime Student

Stream movies, box sets and music, plus get unlimited One-Day Delivery on millions of items with a 1 year Prime Student membership and £10 Amazon.co.uk Gift Card. For this reward you need to be +18, see www.amazon.co.uk/gc-legal. Prime Student is a service provided by Amazon.co.uk. Amazon.co.uk is not a sponsor of this promotion.

3 - National Express Coachcard

Travel for less with 1/3 off National Express and Scottish CityLink coach fares, ideal for visiting friends and family. Plus 15% off travel to events and festivals. Valid for 4 years.

Overdraft details

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

How much will an overdraft cost?

Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.

Frequently asked questions

Do I need to apply for an overdraft on my student bank account?

Yes, you’ll need to apply for a student overdraft. You must be +18 years old and have lived in the UK for over 3 years. The overdraft amount is £500 in the first term of the first year of study, then up to £2,000 after that pending approval

How quickly will I receive my overdraft?

The overdraft funds will be available the next working day if you apply Monday – Thursday before 5.30pm. Anytime outside this will be up to 2 wording days.

Do I keep my student account after I graduate?

We’ll automatically switch your Student account to a Graduate account after your course is complete. Don’t worry, we’ll contact you 60 days prior to doing this so there are no unexpected surprises

A few more questions

Are you an International Student?

Take a look at our International Student account. 

How to apply online

RBS - Step 1

Apply online

Start your application below. Remember to register for Digital Banking and opt in for paperless statements to receive your offer
RBS - Step 2

UCAS Student Code

You'll need to show us you're a student by submitting your UCAS code. You can do this in your application and your account will be opened faster
RBS - Step 3

Proof of ID

If you're a new customer, you'll need to provide your passport or driving license and a utility bill or bank statement
RBS - Step 4

Finish & pick your offer

We'll contact you on the email or UK phone number you provided in the application form so you can choose your offer

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

are aged 17 or over and living in the UK

completing a full-time undergraduate course that lasts at least 2 years or completing a full-time postgraduate course, or

training as a nurse at a UK university or college of higher education

are completing a course that has already started, or is starting within the next 6 months

Now please take a look at the important legal info

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Digital Banking - not posted. Please take some time to review, print and/or save the important information.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

All okay? You’re nearly ready to start.

To speed up your application for our Student account, we need to do a few final checks with you. They'll only take a minute.

Continue
Do we already know you?
If you have a current account, credit card, loan or savings account with the Royal Bank of Scotland please let us know.
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You’re all set

You’ll need a few bits of info for your application:

  • Photo ID, such as Drivers licence or Passport
  • Proof of your address, such as a utility bill or bank statement
  • Your UCAS code
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What would you like to do today?
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Do you know your Digital Banking details?
If you log in to Digital Banking we can pre-fill some of the application for you.
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Next

You’re all set

You’ll need a few bits of info for your application:

  • Photo ID, such as Drivers licence or Passport
  • Proof of your address, such as a utility bill or bank statement
  • Your UCAS code
Previous

You’re all set

You’ll need a few bits of info for your application:

  • Photo ID, such as Drivers licence or Passport
  • Proof of your address, such as a utility bill or bank statement
  • Your UCAS code
Previous

You're all set

During the application, you'll need:

  • The account number and sort code of the account you want to change
  • Your UCAS code
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