- 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. Registered Office: The Mound, Edinburgh EH1 1YZ. Opens in a new browser window. Monthly fees apply. Make sure you ask about bank charges. You can also apply for a free overdraft of up to £3,000 starting at … And with so many options on offer, figuring out which account best suits your needs can be tricky. An arranged overdraft can act as a short term safety net. Scotiabank offers specified programs and bank accounts tailored for the needs of students. We need to see one of the following documents. Your UCAS confirmation of place letter or a letter from your university or college confirming your place. 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). Bank where you want with the latest built-in security technology that keeps your details safe and private. If you have lost your code contact UCAS on 0371 468 0468 who will reissue the email within 24 hours. Terms and Conditions apply. We've had a customer-led Ethical Policy for over 25 years and we put our customers at the heart of everything we do. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. They are based on the standard accounts offered by banks, however students are also treated to benefits including freebies and interest-free overdrafts. The rules and regulations for opening a bank account in the UK are very strict. 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. Foundation account, a basic account with stripped back features. All overdrafts are subject to application and repayable on demand. 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. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. 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. Visit the Bank of Scotland YouTube page. This is the annual interest rate of an overdraft. 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. 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). Arranged overdraft limits and interest rates vary based on your individual circumstances. 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). To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower. Learn more. 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. If you don't have your UCAS code you can still apply for a Student account. 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. Find out more about Student Overdrafts: Always try to keep your account in credit. This example assumes you are in the second year of your studies. Student and graduate accounts, for people who are currently in or have recently left further education. You must be 18 or over to apply. 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. Opens in a new browser window. Aged 17 or over and in full time education? We have plenty of features and helpful information to assist you in getting the most out of your Bank of Scotland current account. All documents must be the most recent ones. 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. Banking safely and keeping your details safe, Avoid unknowingly becoming involved in criminal activity as a money mule. Current Account. This interest rate does not include any other fees and charges. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. 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. Email: security@bankofscotland ... Category. Most banks actively target students in the hope that once you’ve graduated and start making money, you’ll stick with them. Total average. The bic codes below belong to BANK OF SCOTLAND bank and/or any of its branches across all countries and cities in the world.. We’ve got a student bank account with the benefits you need to make your time here a little easier. 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. Browse all Bank of Scotland branches in the United Kingdom. Get a Student Account with a great range of benefits and discounts. International Student Bank Account | Royal Bank of Scotland - RBS You can choose from the following: We reserve the right to ask for additional documents. You'll need to be 18+ and have a confirmed place on a qualifying course at a UK university or college. Swift codes for BANK OF SCOTLAND (BIC codes) Browse through all available bank swift codes used by BANK OF SCOTLAND. SC327000. University of St Andrews - Scotland's first University. Bank of Scotland Bank Account conditions (PDF), Student Account Fee Information Document (PDF), Graduate Account Fee Information Document (PDF). 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. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. 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 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. 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. 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. 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