Youth and Student accounts Our Youth and Student Accounts will help you get the right start in life and be prepared for exciting times ahead. All documents must be the most recent ones. The Student Royalties account must be your main bank account receiving regular deposits. To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower. So that we can support those in the most vulnerable situations please only call if it is urgent. You will need to be aged 17 or over, on a degree course or equivalent full time education and have been a permanent UK resident for the past 3 years to apply. Arranged Overdraft If you attempt to make payments (including Direct Debits) that would take you over your agreed Arranged Overdraft limit, the Bank … Download the statement of responsibilities, Please Enter to access social media links. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking. Visit the Bank of Scotland Facebook page. If you don’t have the documents listed above, we may be able to accept others so please speak to a member of staff if you have any questions about this or any of our services. We've had a customer-led Ethical Policy for over 25 years and we put our customers at the heart of everything we do. Bank : Bank of Scotland: Branch finder : Branch Finder: Apply online : Apply Online: Year 1 overdraft ( £ ) 1500: Year 3 overdraft ( £ ) 1500: Year 5 overdraft ( £ ) 2000: Submit review View reviews (2) View ratings. Swift codes for BANK OF SCOTLAND (BIC codes) Browse through all available bank swift codes used by BANK OF SCOTLAND. You’re studying on a full-time course that lasts for at least two years, or on a one year access course leading onto a full-time degree. The amount of your arranged overdraft that is interest-free will depend on your year of study. Bank where you want with the latest built-in security technology that keeps your details safe and private. Visit the Bank of Scotland Twitter page. Student current accounts are an essential accessory for anyone heading off to university. More and more customers are choosing the flexibility, convenience and safety of banking on their mobile. Registered in Scotland no. You can choose from the following: We reserve the right to ask for additional documents. Most banks actively target students in the hope that once you’ve graduated and start making money, you’ll stick with them. Visit the Bank of Scotland YouTube page. International Student Bank Account | Royal Bank of Scotland - RBS If you don't have your UCAS code you can still apply for a Student account. T&C’s apply. Personal UK Internet Banking customers only. Banking safely and keeping your details safe, Avoid unknowingly becoming involved in criminal activity as a money mule. You also get a four-year 16-25 Railcard (worth £90ish) which gets you a third off rail travel, though you may not be travelling as much as normal with coronavirus travel restrictions and more online lectures. Visit the Bank of Scotland YouTube page. - Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use more than your interest-free amount. Use the unique code at our railcard website to order your free 16-25 Railcard. As an example, the interest cost of borrowing £500 is: You can use the representative APR to compare with other products or credit providers, this can help you make sure that you chose the right type of borrowing for you. Student and graduate accounts, for people who are currently in or have recently left further education. Bank of Scotland plc, Registered in Scotland No. Registered Office: The Mound, Edinburgh EH1 1YZ. Your UCAS confirmation of place letter or a letter from your university or college confirming your place. A student account is designed exclusively for university students. Once you’ve opened your 1l2l3 Student Current Account and registered for Online Banking, a unique code will be sent by secure message to your Online Banking within 5 working days of account opening. Description. You’ll get a Bank of Scotland VISA contactless debit card, providing a faster way to pay for your everyday essentials. Opens in a new browser window. You can also apply for a free overdraft of up to £3,000 starting at … For those of you applying for a student loan, your tuition fees loan (for course cost) will be paid directly to your university and your maintenance loan (for living costs) will be paid into a UK bank account. A variable annual interest rate of 0% EAREAR is the Equivalent Annual Rate. Up to £2,000 in your first year after graduation, £1,500 in your second year and £1,000 in your third year. Open a Student bank account with NatWest and get 1 of 3 offers. An interest-free and fee-free tiered Planned Overdraft (subject to application and approval) of up to £1,500 is available in year 1 (£500 for the first 6 months, £1,000 in months 7-9 and £1,500 after this). We don’t accept expired documents or documents printed off the internet. This example assumes you are in the second year of your studies. Make sure you ask about bank charges. For those looking for more of an academic benefit, Barclays’ student account gets you a subscription to Perlego, the “Spotify of textbooks”, which gives you access to more than 400,000 titles. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking. Bank of Scotland Bank Account conditions (PDF), Student Account Fee Information Document (PDF), Graduate Account Fee Information Document (PDF). Find out more detailed information on overdrafts such as interest rates, charges and managing your arranged overdraft limit. If you don’t meet the eligibility criteria to apply for an Under 19s Account or Student Account – for example if you are over 18 and in work, or an international student – you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts. Browse all Bank of Scotland branches in the United Kingdom. EAR is the Equivalent Annual Rate. You're aged 17 or over (to apply for an arranged overdraft, you have to be 18 or over), You've lived at a permanent UK address for the past 3 years. Our Mobile Banking app for iOS and Android is quick and easy to install, fast, convenient and more secure than ever - the easy way to stay on top of your money. Can I switch my Bank of Scotland Business Current Account after taking out a Business Loan? This document must show your full name and current address. You'll need to be 18+ and have a confirmed place on a qualifying course at a UK university or college. Arranged overdraft limits and interest rates vary based on your individual circumstances. When you graduate, we’ll still be here to help, converting your student account to a graduate account which also provides an interest-free offering. Proof of address (anything official with your name on it that's less than three months old, but not a mobile phone bill). Got any questions? You must be 18 or over to apply. General banking & account queries. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. ! If you’re a child or teen, our Under 19s Account is the easy way for you to make the most of your money, with a competitive rate of credit interest and easy access to your money. If you are a full time 3rd level student aged 25 years or younger and studying for an undergraduate or postgraduate qualification, you can apply for a 3rd level current account now. If you have lost your code contact UCAS on 0371 468 0468 who will reissue the email within 24 hours. You will need to go to a branch once your application is successful to provide staff with the following: Simply login to your Internet Banking. To be eligible for the Interest free overdraft you must use your Student Royalties Account as your main current account by depositing at least £750 every 6 months and making at least 3 debit transactions every month. Current Account. Foundation account, a basic account with stripped back features. Bank Account. The Royal Bank of Scotland offer a variety of current accounts, including: Select account, an everyday current account. Ex: Social Security card, student ID, credit/debit card from another bank, current vehicle registration, foreign driver's license Please note: Non-U.S. citizens also need to show proof of U.S. residency Compared to many countries, banking in the UK as a foreign student is usually pretty easy and there's a … Opens in a new browser window. Find out more about the benefits of a Bank of Scotland current account. Get a Student Account with a great range of benefits and discounts. You can use our eligibility tool to find out if you are eligible for an arranged overdraft. Orientation week is a busy time for banks, so please be prepared to wait to be seen or for an appointment to be available. Three things to note about student loans are… You only start paying it back the April after graduating and you’re earning over a certain amount. We’ve got a student bank account with the benefits you need to make your time here a little easier. Upgrading your Bank of Scotland current account to Platinum opens the door to a range of additional benefits from third party insurance providers. This is the annual interest rate of an overdraft. That's why we designed our Student Account to help you get the most out of student life and you can apply as soon as … Find out more about Student Overdrafts: Always try to keep your account in credit. The rules and regulations for opening a bank account in the UK are very strict. Visit the Bank of Scotland Facebook page. This document must show your full name. This is the annual interest rate of an overdraft. This interest rate does not include any other fees and charges. Even if you don’t think you’ll get a part-time job or student loan, you’ll need somewhere to hold your money, especially given the ease of contactless and the various budgeting options on offer, it’s easy to see why you’d want a student bank account if you don’t already have one. All overdrafts are subject to application and repayable on demand. Total average. click for details of the under 19's account, Please Enter to access social media links. You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. Information for International students applying for a Classic Account. If you plan to study in the UK, you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts. Swift codes also known as BIC Codes is a unique bank identifier used to verify financial transactions such as a Bank Wire Transfer. Whether you're an international student studying in the UK on a year abroad or for your full degree, this guide will help you choose the best bank account for you. You can use it to borrow money up to an agreed limit through your bank account. Students can apply for a Student Account in any Bank of Scotland branch. Bank: Bank of Scotland: We’re on or near every campus across the country to offer help to students and we … Sometimes we need to plan for the unexpected and having an arranged overdraft limit set up can provide you with the flexibility of extra money to help tide you over. Arranged overdrafts are subject to application and approval and repayable on demand. If you don’t meet the eligibility criteria for a Bank of Scotland Student Account you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. Before arriving in the UK it may be useful to ask your bank at home whether they have a special relationship with a particular UK bank and whether this can help you in setting up a bank account. If you’re studying at or going to university soon, our Student Account is full of smart extras that will help you keep on top of your finances so you can focus on your studies and enjoy yourself. Bank of Scotland, instead of attributing my repayments to the balance transfer ending the soonest (september), they have been repaying my balance transfer expiring the latest, which of course led to a situation of them charging an interest fee on my account without any warning!! You can apply for a tiered interest-free arranged overdraft (subject to application and approval). To accept cookies continue browsing as normal. original letter on headed paper issued by educational institution confirming place on a course (must confirm full name, UK and overseas address, start and end date of course). Call us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm). A current account designed for students in full-time education and apprenticeships. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Student bank account. University of St Andrews - Scotland's first University. You’ll also need to: be aged 17 or over; have been living in a permanent UK address for at least three years; We are experiencing a high number of calls at the moment. The bic codes below belong to BANK OF SCOTLAND bank and/or any of its branches across all countries and cities in the world.. How much does my overdraft cost in pounds and pence? Terms and Conditions apply. 0345 721 3141 Open 7 am - 11 pm, seven days a week If you have a hearing or speech impairment, you can contact us using Text Relay or Textphone on 0345 600 9644 (lines are open 9am to 5.30pm, seven days a week). When you are no longer eligible for the Student Account, for example you graduate from your course, we will convert your account to a Graduate Account, unless you make alternative arrangements with us. Packed with everything you need to make the most of your time as a student. Opens in a new browser window. Get details about student's chequing and savings account. Bank of Cyprus uses cookies on this website aiming to improve your online experience. Email: security@bankofscotland ... Category. They are based on the standard accounts offered by banks, however students are also treated to benefits including freebies and interest-free overdrafts. Aged 17 or over and in full time education? This interest rate does not include any other fees and charges. You must be 18 or over to apply. An arranged overdraft can act as a short term safety net. Request monthly postal bank statements (student visa extension). First things first: what are the different accounts available? Bank of Scotland. 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