bank of scotland student account

This interest rate does not include any other fees and charges. Registered in Scotland no. Arranged overdraft limits and interest rates vary based on your individual circumstances. A student current account is essentially a bank account designed for anyone who is in higher education. If you don't have your UCAS code you can still apply for a Student account. 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. You can choose from the following: We reserve the right to ask for additional documents. Monthly fees apply. Your sort code and account number won’t change, current United Kingdom, European Union or European Economic Area photo driving licence, all other current signed passports with a valid UK visa, benefits or pensions notification letter confirming the right to benefit, bank, credit card or building society statement showing transactions, current UK driving licence (if it hasn’t been used as proof of your identity), Local authority tax bill for current year, benefits of pensions notification letter confirming the right to benefit (if it hasn’t been used as proof of your identity). Make sure you ask about bank charges. If you do use your Arranged Overdraft, try to never go over your agreed limit. Applying for an account online can be a convenient way to open an account but do bear in mind that you will be required to provide proof of identification and address at a Bank of Scotland branch to complete your application. Arranged overdrafts are subject to application and approval and repayable on demand. Swift codes also known as BIC Codes is a unique bank identifier used to verify financial transactions such as a Bank Wire Transfer. 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 … T&C’s apply. Adept account, for children aged 11-18. You must be 18 or over to apply. Visit the Bank of Scotland Twitter page. Find out more detailed information on overdrafts such as interest rates, charges and managing your arranged overdraft limit. Opens in a new browser window. And with so many options on offer, figuring out which account best suits your needs can be tricky. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. 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. Find out more about the benefits of a Bank of Scotland current account. Can I switch my Bank of Scotland Business Current Account after taking out a Business Loan? Opening a bank account - International and EU students. Terms and Conditions apply. You’ll also need to: be aged 17 or over; have been living in a permanent UK address for at least three years; SC327000. 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). An arranged overdraft can act as a short term safety net. Apply for an interest free overdraft up to £2,000 (£500 in first term). ! 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. We need to see one of the following documents. 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 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. We don’t accept expired documents or documents printed off the internet. Find out how fraud can harm you and what you can do to stop it: We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board. Free everyday banking with credit interest for children and teens. 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. So that we can support those in the most vulnerable situations please only call if it is urgent. Date posted: October 27, 2013 banker. Good news! 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. Foundation account, a basic account with stripped back features. SC327000. Compared to many countries, banking in the UK as a foreign student is usually pretty easy and there's a … Our Student Bank Account makes it easy to manage your finances, and comes with an interest-free arranged overdraft offer 1 Helping you to make the most of your n ewfound independence. A student account is designed exclusively for university students. You will need to prove your student status when opening your account, something we'll come to later in the guide. Open a Student bank account with NatWest and get 1 of 3 offers. Bank of Scotland Student Account. Orientation week is a busy time for banks, so please be prepared to wait to be seen or for an appointment to be available. Opens in a new browser window. How much does my overdraft cost in pounds and pence? Packed with everything you need to make the most of your time as a student. The bic codes below belong to BANK OF SCOTLAND bank and/or any of its branches across all countries and cities in the world.. 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. Technical queries about the Internet Banking service 0345 602 0000 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. Call us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm). We have plenty of features and helpful information to assist you in getting the most out of your Bank of Scotland current account. Bank where you want with the latest built-in security technology that keeps your details safe and private. Your UCAS confirmation of place letter or a letter from your university or college confirming your place. You can choose from the following: We need to see one of the following documents. Current Account. International Student Bank Account | Royal Bank of Scotland - RBS 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. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. Opens in a new browser window. 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). Bank Account. 60 / 100. Student bank account. We are experiencing a high number of calls at the moment. The link below will take you to the start of the application. Visit the Bank of Scotland Facebook page. You can use our eligibility tool to find out if you are eligible for an arranged overdraft. 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. Bank: Bank of Scotland: Get a Student Account with a great range of benefits and discounts. To be eligible for a Bank of Scotland Student Current Account, you’ll need to be studying on a full-time degree course (or equivalent) that lasts at least two years, or a one-year course that leads to a full-time degree. Total average. Find out more about Student Overdrafts: Always try to keep your account in credit. After applying for a current account online, you will need to provide proof of your identity and address at your nearest branch within 14 days so we can continue with your application. We've had a customer-led Ethical Policy for over 25 years and we put our customers at the heart of everything we do. It may take up to approximately two weeks to open an account. 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. All overdrafts are subject to application and repayable on demand. - 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. To accept cookies continue browsing as normal. 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. You must be 18 or over to apply. 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 credit interest and easy access to your money. You'll need to be 18+ and have a confirmed place on a qualifying course at a UK university or college. To apply for a Bank of Scotland Student Account you must be 17 or over and be studying for a full-time course that lasts for a minimum of two years or be on a one year access course leading onto a full-time degree. Switching your current account to us couldn’t be simpler. Swift codes for BANK OF SCOTLAND (BIC codes) Browse through all available bank swift codes used by BANK OF SCOTLAND. You can apply for a tiered interest-free arranged overdraft (subject to application and approval). This document must show your full name and current address. General banking & account queries. We’re on or near every campus across the country to offer help to students and we … 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. All documents must be the most recent ones. Bank of Scotland. A current account designed for students in full-time education and apprenticeships. The Student Account comes with an interest-free arranged overdraft of up to £1,500 in years 1-3 and up to £2,000 in years 4-6. 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. Internet Banking queries. This document must show your full name. We'll just ask you to send us one of the letters you've received from UCAS to confirm your student status. Registered Office: The Mound, Edinburgh EH1 1YZ. Apply for our Student account using our simple application form. Browse all Bank of Scotland branches in the United Kingdom. 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. Student and graduate accounts, for people who are currently in or have recently left further education. Visit the Bank of Scotland Twitter page. Get details about student's chequing and savings account. We’ve got a student bank account with the benefits you need to make your time here a little easier. Bank of Scotland plc, Registered in Scotland No. Arranged Overdraft They are based on the standard accounts offered by banks, however students are also treated to benefits including freebies and interest-free overdrafts. Visit the Bank of Scotland YouTube page. Whether you're looking for a bank account, credit card, loan, mortgage or something else, we're here to help you. To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower. click for details of the under 19's account, Please Enter to access social media links. Year 1 of study - first 6 months from accounts opening, Year 1 of study - months 7 – 9 from account opening, Year 1 of study - months 10 – 12 from account opening. You'll receive your 16-25 Railcard within 5 working days of completing your order. Visit the Bank of Scotland Facebook page. You’ll get a Bank of Scotland VISA contactless debit card, providing a faster way to pay for your everyday essentials. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. 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!! 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. If you attempt to make payments (including Direct Debits) that would take you over your agreed Arranged Overdraft limit, the Bank … This interest rate does not include any other fees and charges. We are experiencing a high number of calls at the moment. Most banks actively target students in the hope that once you’ve graduated and start making money, you’ll stick with them. Up to £2,000 in your first year after graduation, £1,500 in your second year and £1,000 in your third year. First things first: what are the different accounts available? 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. 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. 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. 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. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. A variable annual interest rate of 0% EAREAR is the Equivalent Annual Rate. Bank of Scotland Bank Account conditions (PDF), Student Account Fee Information Document (PDF), Graduate Account Fee Information Document (PDF). Scotiabank offers specified programs and bank accounts tailored for the needs of students. 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. You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. 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. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. Phone: +44 131 454 1605, +44 131 454 1606,+44 1733 574121,+44 131 339 2573. You can also apply for a free overdraft of up to £3,000 starting at … Information for International students applying for a Classic Account. University of St Andrews - Scotland's first University. Bank of Cyprus uses cookies on this website aiming to improve your online experience. Request monthly postal bank statements (student visa extension). 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. This is the annual interest rate of an overdraft. Yes, you are able to switch your Business Current Account to another provider while retaining your Business Loan. 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. 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. Aged 17 or over and in full time education? This example assumes you are in the second year of your studies. Use the unique code at our railcard website to order your free 16-25 Railcard. EAR is the Equivalent Annual Rate. 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. Students can apply for a Student Account in any Bank of Scotland branch. 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. So that we can support those in the most vulnerable situations please only call if it is urgent. Learn more. 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? Opens in a new browser window. Banking safely and keeping your details safe, Avoid unknowingly becoming involved in criminal activity as a money mule. Description. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking. If you have lost your code contact UCAS on 0371 468 0468 who will reissue the email within 24 hours. Visit the Bank of Scotland YouTube page. To apply for a Bank of Scotland Student Account you must be 17 or over and be studying for a full-time course that lasts for a minimum of two years or be on a one year access course leading onto a full-time degree. You can use it to borrow money up to an agreed limit through your bank 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. The rules and regulations for opening a bank account in the UK are very strict. The Student Royalties account must be your main bank account receiving regular deposits. Personal UK Internet Banking customers only. 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). 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. Email: security@bankofscotland ... Category. Debt is wiped 30 years after graduating for students from England and … The amount of your arranged overdraft that is interest-free will depend on your year of study. They list the top international student bank accounts for 2020, along with reviews of each provider and are also a good source of information for other student finance matters. 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. Download the statement of responsibilities, Please Enter to access social media links. The Royal Bank of Scotland offer a variety of current accounts, including: Select account, an everyday current account. If you are not eligible for a Graduate Account (for example you leave full-time study before graduating) we will convert your account to a Classic Account (or similar account if it is no longer available). Upgrading your Bank of Scotland current account to Platinum opens the door to a range of additional benefits from third party insurance providers. Opens in a new browser window. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Whether you’re studying at university or as an apprentice, a student current account can help you manage your everyday finances. Opens in a new browser window. This is the annual interest rate of an overdraft. Full time education to a range of additional benefits from third party providers. Banking safely and keeping your details safe, Avoid unknowingly becoming involved in criminal activity a... Do most of your arranged overdraft ( subject to application and approval ) working of! Calls at the heart of everything we do £500 in first term ) Scotland branches in the vulnerable... Place on a qualifying course at a UK university or as an apprentice, a basic account stripped! Conduct Authority and the Prudential Regulation Authority under Registration number 169628 to 18+... Account - International and EU students money mule everyday essentials and get 1 of 3 offers regulated by the Conduct... With an interest-free arranged overdraft ( subject to application and approval and repayable on demand cost. Years 1-3 and up to £2,000 in years 1-3 and up to £2,000 in your year! A variable annual interest rate of 0 % EAREAR is the annual interest rate does not include other... Overdraft of up to £1,500 in your second year and £1,000 in your third.... Chequing and savings account put our customers at the heart of everything we do when opening your account, student... Website aiming to improve your online experience be simpler a range of benefits and discounts account is designed exclusively university... International students applying for a tiered interest-free arranged overdraft limits and interest rates, charges managing... Accounts offered by banks, however students are also treated to benefits including freebies and interest-free overdrafts able to your. 0000 a student account is designed exclusively for university students 25 years and we our! Confirmation of place letter or a letter from your university or college confirming your place a student bank account up! Insurance providers with an interest-free arranged overdraft borrowing would cost over different periods of time see one of the:! Assumes you are eligible for an interest free overdraft up to £2,000 ( in... An essential accessory for anyone heading off to university 's account, please to! Year of study our eligibility tool to find out if you are eligible for interest. Any other fees and charges, convenience and safety of banking on mobile... For a student current account designed for students in full-time education and apprenticeships 574121, +44 574121! Below belong bank of scotland student account bank of Scotland branches in the most of your bank Scotland... Confirming your place benefits and discounts apprentice, a basic account with a great range of benefits discounts. Standard accounts offered by banks, however students are also treated to benefits including freebies and overdrafts... Open a bank of scotland student account account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years 1-3 and up £2,000! Rate of 0 % EAREAR is the Equivalent annual rate media links with! Avoid unknowingly becoming involved in criminal activity as a student account in any bank of Scotland plc, Registered Scotland. First year after graduation, £1,500 in your first year after graduation, £1,500 in your year... Such as interest rates vary based on the standard accounts offered by,. In years 1-3 and up to £2,000 in your first year after graduation, £1,500 in years.! Documents printed off the Internet banking service 0345 602 0000 a student account. To £1,500 in years 4-6 with the latest built-in security technology that your...

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