Reply 12. Nov 9, 2023. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Must be 18 or over and living in the UK permanently. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. Our app's Savings Goal Tool can help you work out how long, and how much, it'll take to reach a specific goal. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. Hi guys, I would like to know more about student bank account overdrafts, so I have come here for advise. You’ll need to have a student current account as well, and be over 18. You would have had a student account until around a year after graduation (so 2007/2008 depending on your course length) then it switches to a graduate account with the same interest free overdraft for three years. If you were looking to apply or make changes to an existing overdraft, please instead visit our eligibility tool . They'll automatically change unless you evidence further study. Never had any problems with Natwest in that time. What is the interest rate on a NatWest student graduate account? Representative 39. 49% on overdraft interest, with changes taking effect by the beginning of April 2020. Since I graduated last year I've had an overdraft of around -1300 and used it all up. Select your account type, let us know how much of the overdraft. Make student life easier with our Student Current Account. Graduate Trainee – NatWest Markets - Quantitative Analyst. 40 during 2020 as Covid took hold. I have a natwest student (or could be graduate by now) account as my main current account. Close. Championing kids and teens to be confident with their financial wellbeing. One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraft. No monthly fee. 5% interest and if you were only repaying £10 a month its very possible the interest was more than the repayment meaning the balance was increasing and at some point may have exceeded your agreed overdraft limit. This rate is available on loans between £7,500 and £14,950. Graduate bank accounts are designed as a stepping stone to give you some time to pay off your overdraft without interest before entering the big bad world of regular fee-charging overdrafts. All of our current accounts offer an arranged overdraft, except FlexBasic. View all current accounts or compare our range of current accounts. a. You can’t have had a FlexStudent or FlexGraduate account on 31 July 2023. An arranged overdraft could be useful for short term borrowing. Help with everyday banking. An interest-free overdraft is one of the most beneficial aspects of a student account, and few accounts can compete with Nationwide on this front. Giving you peace of mind with your banking. Excluding interest-free periods and accounts, such as student or graduate accounts, the NatWest overdraft has in interest rate of 19. The minimum overdraft limit you can apply for is £250. Start saving instantly. Tax free Interest means interest payable is exempt from UK income tax. Students have faced a mixed picture on their monthly rental and accommodation spending since 2018, with the pandemic disrupting a steady increase. Graduate overdraft; Help with overdrafts . didnt have a student account and tried at natwest, lloyds tsb and halifax but got declined at all 3. 7. All open Graduate programmes. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. The Natwest student bank account works and operates like any typical banking account and has a fee-free overdraft of up to £2,000 from year two onwards. The minimum overdraft limit you can have is £250. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. In the third year of your Graduate account, you could benefit from up to £1,250 interest-free arranged overdraft. Compare our accounts to find one that's right for you. - Graduate loan system provides between £1,000 and £10,000 at 9. They may also share this with other organisations. I already had an early student bank account so had a £200 overdraft, I then went and applied for the £500 overdraft when my university place was confirmed. i was informed over the telephone that due to me graduating several years earlier i was no longer entitled to the graduate. Fraudsters often concoct stories to try to persuade you to transfer your money to a. Year 1: £1,500. Be careful: if you say you have a job lined up in the summer, they may ask for a letter confirming this. NatWest vs Santander student accounts. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. We can arrange same day electronic transfer of funds (CHAPS) between bank accounts in the UK. The TSB student account offers an overdraft facility, and there’s no interest to pay if you keep below the limit you’ve agreed with the bank. It's just a regular account with no overdraft but the problem is it's now friday so the money won't go in till monday and my local natwest is closed so i can't pay it over the counter. Consider bankruptcy. Overdraft of up to £2,000 in year 1 (limited to £500 term 1, year 1) Access to its Housemate app, which helps you split household. To apply, you'll need to be 18+ and have graduated in the past 2 years. 16 July 2008 at 5:30PM. £23 - between banks. Customer Service. An overdraft is where the bank lets you spend more than you've got (at no extra cost), up to a set amount. If you’re 17 or over and heading to university, NatWest’s Student Bank account offers discounts and an interest-free overdraft. Use our overdraft calculator to work out how much your overdraft is costing you each month. also, as a student, natwest is good because it offers the biggest interest-free overdraft (as standard, i think £1250) hope that helps, fff . In the fourth year after you graduate you will automatically move onto a Select account and your arranged overdraft will no longer be interest free. I suddently got a letter while I was on holiday telling me I need to repay my overdraft by. Royal Bank of Scotland (RBS) and NatWest customers will pay up to 39. But the figure declined to £437. Industry: Financial services: Founded:. In arranged account can keep those unexpected bills covered. There are no fees, no charges and no interest to pay. Book a Financial Health Check. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. Student or Adapt account. Current account fraud UK: 0345 788 8444. Banking from home. Interest free overdraft while you study. See how much it costs to use an overdraft across our range of accounts. Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . Prior to the account switch you should receive an email or letter detailing: - the changes to your account. See all our bank accounts; Everyday bank account; Reward bank account; Student bank account; Child & Teen bank account; Premier bank accounts; OverdraftsIf you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. No Charge. Card payment support. Original post by tigermoth99. this is in regards to natwest bank not sure about other banks. What Are the Benefits of Natwest’s Overdraft. Credit reference and fraud prevention agencies use your information because they have to prevent fraud and money. Go in to your branch, and talk to a manager. After you graduate your FlexStudent becomes a FlexGraduate account. You could get: £1,400 in your 1st year. Offer - free tastecard for 4 years (worth £29. Your current address. So you'll need a plan on how to pay it back, ideally before the. They can go through your day-to-day spending and help you with ideas on how you could make your money work harder. An overdraft can be an expensive way to borrow in the long term, regularly reducing your overdraft balance and limit will help reduce this cost. Natwest and RBS. Co-Op does not have a "graduate account", so if you graduate after 3 years, the student account is supposed to be extended for 12 months after graduation, then the overdraft is set at 0 unless otherwise prearranged. Which. You just go into your local branch and say you want an overdraft. Open a student bank account. Start university with a £500 interest-free overdraft. With some accounts, you can access your cash whenever you. You can usually find Cora waiting to help at the bottom right hand side of the screen, or in your mobile app by tapping on 'Help' followed by. That £1,000 facility will then either be removed, or revert to bearing interest. That £2,000 facility will then reduce to £1,000 for a further 12 months. Cora can support you with a wide range of queries 24/7 and helps to show you how to do your banking. You’ll need to have a student current account as well, and be over 18. It's also worth considering one of the customer-friendly digital banks. Best postgraduate student bank accounts. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. HSBC offers a student bank account in the UK that comes with a plethora of benefits. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. I was unaware until i received a letter informing me so, the machine had also swallowed my card a few days prior and my online service became unavailable. Hi i have been with nationwide student flex for 3 years with a £1000 loan. student bank accounts tend to offer the same features as standard bank accounts alongside interest-free overdrafts and student incentives such as discounted. Help with registering on the app. If you absolutely can’t pay off your debts then bankruptcy might be for you. Select 'View current interest charges' You. Usage our overdraft expense calculator to acquire an thoughts of how much it costs toward use an overdraft across our range of accounts. You must be 17+ and have been living in the UK for at least 3 years. We would like to show you a description here but the site won’t allow us. For example, some banks may let you have a £1,000 student overdraft in your first year, which can be extended to £2,000 in your second year and £3,000 in your third. When you graduate, we'll gradually. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. You can arrange a transfer from overdraft to credit card with a money transfer credit card. Mobile app required and available with compatible iOS and Android. 2 Offer ends 18 December 2023. Welcome to Learning with NatWest. Natwest Graduate 2023; Can I open a student bank account if I already have a current account? Proof of address natwest; 2023 Summer Internship. Book yours today. The most important feature of your graduate current account is the 0% overdraft it offers. stargazeypie Posts: 20 Forumite. Now, I'm in my first term, and running low on cash. To hold this account, you need to pay £1,250 into an eligible NatWest account every month. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. 4 year tastecard – to be used for meals out, discounted cinema tickets and shopping offers. My advice is to go into a branch and ask them about the different accounts available to you before doing anything too hasty. According Natwest's site the student account is turned into a graduate account when you graduate. you will get charged, and then charged interest on it until you come back within your limit. Check your balance, send money and even earn rewards 1. Graduate overdraft; Help with overdrafts . Hi guys, I would like to know more about student bank account overdrafts, so I have come here for advise. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator;. You also can't convert a joint current account'. Remember an arranged overdraft is a borrowing facility that you are responsible for repaying should you use it. 89% interest on arranged overdrafts, as well as a £6/month flat fee on most accounts. You need to also pay in £1,250 to an eligible NatWest account every month. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Open a bank account online - FAQs. Student. Often banks charge hefty fees and interest for the privilege, but student account overdrafts are interest-free. It allows you to withdraw more money than is in your account. However pretty much all overdrafts are repayable "on demand" so theoretically Natwest can ask for it back at any time. Personal accounts. 89% and a usage. After you graduate they will reduce the arranged overdraft gradually, so you have to find the account before this happens else you will pay interest and maybe fees. Business or Foundation Current Account to a Student Account. Students can a apply for up to £3,250 interest free from year three onwards*. That means being overdrawn by £1,000 for two weeks in a month will cost you £6. I have searched my bank's website, but its…A student overdraft is a financial arrangement offered by banks to students in the UK. Other loan amounts are available at alternative rates. Students also have the option to request an interest-free overdraft of up to £500 in their first term which can be increased to £2,000 in. Sometimes, it helps to speak to an expert. So I got myself a Natwest account and was told that I should get a Student overdraft as it would benefit me (I also got the credit card). 9% EAR (RBS), 17. NatWest Student Account - Apply online only. earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Since then NatWest have been pushing me to get a student credit card and are adamant that I’d be accepted. didgeridoo12uk. Duration of arranged overdraft. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. NatWest offers two types of children’s debit cards. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. RBS and NatWest latest to hike overdraft rates. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. £100 cash bonus plus a year-long. I applied for an overdraft and it has been rejected. 16 July 2008 at 5:30PM. You’ll need a device that has a camera or webcam, and a connection to the Internet. Alas, all good things must come to an end. See how to set up your goals. 50% AER variable on your balance. I have a natwest student account, which I got when I first went to uni to do psychology. You are going to have to ask them again. 30pm. Specific account eligibility criteria apply. What. Tens of thousands of people who held a student current account with RBS or NatWest between 2002 and March 2016 are due to receive a refund of overdraft charges. About NatWest Thrive. Proof of a confirmed place for studying in uni or college (4-digit UCAS code) If you’re an international student, you don’t meet the 3-year living in the UK requirement, but you may be able to open a Halifax Current Account . Your overdraft limit will stay the same for another year. Year 3: from 2nd October 2023, eligible students from year 3 onwards can apply for up to £3250. But the good news is that you can still apply for a NatWest Select Account, which is a great choice in its own right. In January Natwest closed my account with no prior warning. If you have money guaranteed to come in, then they'll be more likely to give you an extended overdraft. Despite having graduated in '06, I still have a £1,000. The NatWest Student Living Index 2023 gives you the full lowdown on higher education in the UK. At the moment, NatWest and RBS customers are charged up to 19. Please note that this tool does not provide any indication of approval. Current accounts designed for you. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 from term two year one. Choose to increase your overdraft limit at 6, 7, and 10 months. uk Gift Card. It gives accepted newbies £100 and most get an ongoing £250 0% overdraft too. NatWest – 4%. Register your card in the mobile app before you go. With no monthly account fee. Edinburgh, United Kingdom. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're. Use of your account Your 1I2I3 Graduate Current Account will last up to 2 years before it automatically transfers to an appropriate current account. Your phone number. I understand that I need to register to online banking and select Paperless Statement in order to get full access to our student benefits. The first year is tiered: £500 in your first term to £2,000 in your second. I apologise if this is in the wrong place: please let me know and I will move it. Breakdown your budget. You should receive about 1200. Free four-year 16-25 Railcard Student for existing current account customers who switch to a student account. more info here. The minimum overdraft limit you can apply for is £250. easy-to-manage account, manage my account. They turned my interest free overdraft, into an interest free loan. Plus, the bank is well-established, has an easy-to-use app and hundreds of. (variable) and higher than our balance transfer rate of 12. We would like to show you a description here but the site won’t allow us. Both UK and international students can open a student bank account through Natwest. If the person you are adding to your account is already a NatWest customer: You will only need to send in one form of photo identification with a selfie of the front and side profile. Hey all So far iv used £310 of my overdraft with natwest Im starting my first year of uni on mon You know the £310 overdraft when would i fully have to start paying it back, i understand i can deposit amounts into the account to decrease the overdraft but say if i was to leave it at £310 for 3 years (last year of uni, total 4 years). It depends on the area but I know my bank were surprised to hear I wasn't into my overdraft as a student and described it as unusual. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 term two year one. Invest on behalf of children aged 14 and under. With Halifax it just stays a student account for a year after you graduate, so you still get an interest free overdraft. 49% on £1250 of the £3,250. How to set up a repayment plan Our App is available to personal and business banking customers aged 11+ using compatible iOS and Android devices. 6. 3. Hundreds of thousands of students who graduated a year ago could soon find that they are paying interest rates of up to 19pc now they have entered the "real world". Just thought I'd get this out there, in case anyone here knows any students using NatWest for their student accounts. Overdrafts are great for students, as part-time work can come and go as academic work picks up, and there may be. Check my credit score. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. grad account year 2: 1000. Nationwide Flex Student. Often the. To qualify for the NatWest Account you must be: Aged 17 or over; A UK resident;. I still have access to the £2,000 student overdraft (no fees), despite NatWest stating the account turns into a graduate account after leaving uni, with the overdraft dropping to £1,000 after a year, and presumably with associated fees. martin_dunge Forumite Posts: 3 Newbie. Choosing a bank that allows a longer 0% grace period post-graduation will help ease the financial transition from student to jobseeker. 1 hour ago · Best Student Loan Refinance. Here’s why you want a Student Additions Account. A minimum £100k savings or investments held with us. Problem with Natwest Student AccountNatWest Student: 72%: Year 1:. The 50/20/30 budgeting rule is a popular one to help keep you right. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. Only one 1I2I3 Graduate Current Account can be open at. A big difference between a savings account vs a current account is how often you access your money. Choose the amount you wish to send, add. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 9. Terms and conditions apply. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. I opened a NatWest student account this month and was approved a £2000 overdraft as I'm in my second year, I didn't know about student accounts having interest free overdrafts until recently so never. An overdraft is a form of debt and is repayable on demand. (by this i assumed close = change from student to current account) I've. If you've just graduated, you don't need to do anything. Your child can withdraw money once they’re 18. 30 May 2007 at 10:57AM. All data provided by TransUnion. You’ll need to have a student current account as well, and be over 18. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. Overdraft: Both NatWest and RBS allow for an interest free overdraft up to £2000,. Natwest Graduate Account - Railcard & Interest free overdraft. 65 a day. Maximum overdraft in year 3: £1,500: At end of term: Account transferred automatically to graduate account: Overseas card transactions: 2. App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries. if you ever went into minus numbers (i. Benefits of the NatWest Student Account. We no longer offer our Student credit card but our Student overdraft could give you a short-term safety net if you’re low on funds. 75% fee for withdrawals abroad: Perks: £100 cash: £100 cash and a 4-year TastecardIf you decide to apply for an overdraft, that's when we run a full credit check. Overdraft amounts for the graduate account are £2,000 for the year after graduating, £1,500 after two years and £1,000 in your third year. › Student MoneySaving. You can apply for up to £1,000 interest-free arranged overdraft in your first year, up to £2,000 in your second year and up to £3,000 in your third year and onwards. Sol00 Forumite. Your date of birth. In the fourth year after you graduate you will automatically. RBS’s 0% overdraft has a high ceiling of £3,250 by your third year and the chances of obtaining it (eventually) are quite high. Up to £1,700 in your 2nd year. What I liked about the student account was that it had an interest free overdraft of £1250. They call it an arranged overdraft – whereby a pre-fixed limit is set for the amount that can be overdrawn by the student. Choose from our fee-free account or view our full range of accounts. If you have a Natwest student account, it'll be automatically changed to a graduate account once you've graduated. Yes, you can go into your local branch with your offer letter and they will extend your student terms by a year. You can then select My Overdraft. If you are unsure how the interest or charges work, please read more about our rates & charges. Your actual credit limit and APR may vary depending on our credit assessment of you. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. Students studying medicine, dentistry, law, accountancy, pharmacy, optometry, physiotherapy and veterinary science can apply for an interest-free overdraft limit of up to £3,000. For the security of customers, any unauthorised attempt to access customer. Report. All you need to do is specify the overdraft that you wish to apply for (this is the new full amount not just the increased or decreased amount). Graduate bank account overdrafts. Minimum opening balance: £1: Minimum operating balance. I have a Natwest Student account with £1400 Overdraft at its limit! I just Graduated This Year and have been told that my account will be changed to a Graduate Account. Manage your loan. The third option, a Tastecard, gives savvy students access to up to 50% off or 2 for 1 meals at participating restaurants as well as 40% off cinema tickets and 70% off hotels. If you £250 into your overdraft and a student loan of say £1215 goes into the account then your account will be +£975(that is £1215 – 250). That £1,000 facility will then either be removed, or revert to bearing interest. Does anyone know if Natwest let you increase the overdraft early if you call them?Current accounts. 49%. 99 per year)*. App available to customers aged 11+ with a. not have a student account, or a current account with an arranged overdraft, with another building society or a bank (though you may be able to switch either to Nationwide) have been accepted onto a full-time UCAS course of at least. Over the next five years through NatWest Thrive, we want to help 1 million young people improve their financial wellbeing so they can feel more confident about their future. 50 per transaction abroad: 2. Unfortunately, for all other Natwest current accounts, overdraft have a representative APR of 39. Save money in a tax efficient way. 9% EAR variable Does Natwest allow you to have an overdraft on your student account. Different Kinds of Natwest International Student Accounts offered. The minimum overdraft limit. However I recently found out that Santander offer a railway card which would mean 1/3 spent on travel for me compared to paying the full cost per month on pay as you go. Lloyds Student account: Barclays Student account: NatWest Student account: Apply: Anytime during studies: Anytime during studies – though only first year students get the perk: Anytime during studies: 0% overdraft years 1-3: £500 in term 1Up to £1,500 for years 1-3: Term 1: Up to £500 Year 1: Up to £1,000 Years 2 & 3: Up to £1,500:. Step by step guide to Alerts. Select 'Card payment controls' from the options on the screen. 2 January 2013 at 7:57PM in Budgeting & bank accounts. It works by dividing up what money you have coming in and then breaking it down into how you’ll spend it: 50% on essentials, 30% on nice-to-haves, and 20% to savings, as a guide. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. This charge also applies to providing details of paid cheques. Only individuals who have a NatWest account and authorised access to Online Banking should proceed beyond this point. It also means that anything you own may have to be sold to pay off debts – this can include your home, car or any luxury items. The Natwest student bank account comes with a £500 interest-free overdraft in your first year rising to £2,000 in years two and three. Cheetah Forumite Posts: 157 Forumite Posts: 157Barclays, Co-op and TSB offer student bank accounts, but they are among the few not offering any perks on top of the interest-free overdraft of up to £2,000. 5. Which account offers the best interest-free overdraft? All the student accounts we looked at offer an interest-free overdraft, but the limits varied depending on the provider and the duration of the course. Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . This is a benefit of the natwest graduate account that I took advantage of. Graduate Programme. I understand that you may at any time at your discretion, on giving written notice to me, amend the limit on any arranged overdraft (and that overdrafts are only available to applicants aged 18 years or over). With the HSBC Graduate Bank Account you'll get: You may be eligible for an overdraft facility, of which £3,000 will be interest-free during your first year and £2,000 in your second year after graduation. Interest-free overdrafts up to £3,000. Student arranged overdrafts are available to NatWest Student current account customers, aged 18 or over. This comes with a debit card and is managed by the child. You can still borrow. Wrong. I took it out in 2003 when i went to uni, and got given a £1400 interest free overdraft at that time. If you have savings, this could be easiest way to pay off your overdraft debt. All Banking. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. 87 out of 5, suggesting a general satisfaction with the accounts. Hi, I'm currently a university student, with a Natwest student account, which allows me a free overdraft of around £1600. Bank whenever and wherever you want, and use our tools to help you stay on top of your finances. Your account number, sort code and debit card will stay the same. When you open your account, you’ll automatically get an Arranged Overdraft limit of £250 once you have provided the proof that you are a student. Then, once you have paid £500 into your account, you’ll receive the allowances below. 01. If these conditions aren't met then they are likely to close off your account. However, lying to your bank may cause them to revoke the overdraft, leaving you really really stuck. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 from term two year one. Natwest Graduate account - interest free overdraft? A redkopite I have had a natwest student account during my 3 years at university, and now that I have graduated I have. App available to personal and business customers. Offer T&Cs apply. After you graduate, your student account will be automatically changed to a NatWest graduate account. The benefits of a Lloyds Student Current Account include online banking, so you can manage your finances from anywhere and at any time, and link your bank cards with Apple Pay and Google Pay (from age. You can apply for up to £3,250 interest free from year. Access to Save the Change. Championing kids and teens to be confident with their financial wellbeing. A student overdraft is not free money – it’s a loan that you'll need to pay back, ideally before the interest kicks in. Overdrafts are repayable on demand. 50 in 2018 to £486 the following year. £21 - between our branches. A fee-free arranged overdraft cap of up to £1,500 in years 1-3, £1,800 in year 4, and £2,000 in year 5. While NatWest doesn't charge student borrowers its new overdraft rate of 39. You can’t request that a cheque is paid to multiple accounts, we will only accept; 1 cheque with 1 paying-in slip or multiple cheques with 1 paying-in slip If the cheque(s) is in pounds sterling, they will be processed within 5 working days of receipt, foreign cheques can take up to 12 weeks to be processed and for funds to be receivedPart of Natwest's graduate package is to provide an interest-free overdraft of £2000, falling to £1000 after the first year of graduation, then £500 after the second year, then to zero after three years. Specific account eligibility criteria applies. After proving you're in education, they should give it to you (it automatically updates your account). £100 cash bonus plus a four-year Tastecard, which gives you discounts at many restaurants in the UK. Typically, current account providers start charging interest on student overdrafts two years after you graduate. £23 - between banks. Students in all other terms and years of study can apply for up to £2,000. Current accounts designed for you. Industry: Financial services: Founded:. Lloyds Bank joins the others in offering a cash bonus of £100, as long as you deposit at least £500 by 31 October 2023. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. You’ll get 3% AER on your in-credit balance of £300-£2,000. 0. NatWest Online Banking is easy, secure and lets you do all the things you need to do to manage your money online. Compare our current accounts.