1.00% AER (0.99% annual gross) variable on balances from £1 up to and including £3,999.99, and 2.00% AER (1.98% annual gross) variable on any part of the balance from £4,000 up to and including £5,000.
Packed with insurance benefits for only £21 per month if you pay in £1,500 per month, otherwise it costs £24 per month.
The everyday current account for everyday banking
Packed with benefits for only £21 per month
The easy way for children and teens to make the most of their money
Packed with all you need to make the most of your studies
Recommended if you have a limited income, been refused a current account in the past due to financial difficulties, or need an account to pay benefits into
Bringing your finances together with personal & dedicated service
Changes to this account due 6th April 2020
On the 6th April we will be making changes to our bank accounts. Changes include how we charge for arranged overdrafts and reducing fee free amounts on accounts that have them. For accounts that earn credit interest, we will change the way it is calculated. For a full explanation please read the guide to changes.
If you have not been a resident in the UK for at least three years, you may want to check out our Classic Account. Find out more about International Students.
Being a student often means living on a tight budget.
With our Student Account, you can apply for a fee-free tiered arranged overdraft of up to £1,500 in Years 1 to 3 and up to £2,000 in years 4 to 6. You’ll need to be 18 years old to apply for an overdraft.
Stay in credit and you won’t have to pay monthly fees.
Convenient payments with a contactless debit card (if you’re aged 18 or over), Apple Pay and Android Pay.
All overdrafts are subject to our assessment of your circumstances are are repayable on demand.
When you’re at university or college, sometimes you need the flexibility of extra money to help tide you over. Student overdrafts can be a short term safety net when you need to borrow some money. With our student account, you can apply for a fee-free tiered arranged overdraft of up to £1,500 in Years 1 – 3 and up to £2,000 in years 4 to 6.
Like all forms of overdrafts you’ll need to pay it back at some point, but don’t worry we’ll help you keep on top of your spending with mobile alerts to tell you when you’re close to or over your limit. Plus when you graduate, we’ll still be by your side, converting your student account to a graduate account. With our graduate account you can apply for a fee-free tiered arranged overdraft offer for the first three years, helping you move into professional life.
If you don't have enough money in your account to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
Many students use overdrafts for:
"The arranged overdraft was especially useful for me when changing tenancies between years. Agencies and landlords would ask for a new deposit before my old deposit had been released, leaving me out of pocket for a bit. My arranged overdraft gave me some more financial flexibility.“
Daniel, a recent graduate from a Lloyds Bank Student Account.
If you are 18 years old or more, you can apply for an arranged student overdraft where:
Year & Month from account opening
Fee-free arranged student overdraft
Year 1 Months 1 – 6
Year 1 Months 7 – 9
Year 1 Month 10 – Year 3
Year 4 - 6
You won’t pay anything when you stay within your fee-free arranged overdraft amount.
In your second year, if you use an Arranged Overdraft of £1,200 on your Student Account, then we’ll charge you a daily arranged overdraft fee of 0p.
For more information about Overdrafts, see Student Account welcome pack (PDF, 1.7 MB)
Apply for a student account, and we’ll tell you what arranged overdraft we can give you during your application.
All overdrafts are subject to our assessment of your circumstances and are repayable on demand, including any fees.
How do I increase my overdraft?
You can apply to extend it online in a couple of minutes, and we will give you an instant online decision.
Your Student Account will automatically convert to Graduate Account when you complete your university course.
The Graduate Account has a fee-free overdraft offer which gradually reduces each year, helping you transition into professional life. You can apply for a fee-free overdraft up to:
Here are some of the retailers you may get offers from:
It's always nice to feel appreciated. Get up to 15% cashback using offers at the type of places you regularly shop. You need to be 18+. Merchant offers and cashback amounts vary. Terms and conditions apply. To register and see any offers waiting for you, log on to Internet Banking and select "Everyday Offers" in the "Your account tools" section of "Your accounts".
With It's On Us, we're offering you the chance of an unexpected thank you.
That's because every month, we are paying back thousands of our customers for something they've bought up to the value of £500 on their Lloyds Bank debit or credit card. So far, we've paid back our customers for games consoles, yoga classes, flights and much more. To activate It's On Us:
To be eligible for Everyday Offers you will need to be over 18, have a Lloyds Bank personal current account, a Lloyds Bank debit and/or credit card and be registered for Internet Banking. To enter the It’s On Us free draw, you will need to be a UK resident (excluding NI) registered for Everyday Offers for up to one week and to have activated the It’s On Us offer.
Applying online means you won’t need a branch appointment. You can fill in our quick online application form in around 10 minutes, and then pop into any Lloyds Bank branch with your ID documents whenever suits you.
How do you apply online?
Book an appointment, to open your account in one of our Lloyds Bank branches.
Once you’re living in the UK, you may be eligible for our Classic Account. This provides free everyday banking. Just stay in credit and you won’t have to pay monthly fees. Or see our full range of our Lloyds Bank current accounts.
Stay in credit and you won’t have to pay monthly fees. Bank your way with Internet Banking, Telephone Banking, Mobile Banking, in-branch, and also get free Text Alerts.
You can use your Visa debit card to shop online and in over 500,000 locations in the UK and 27 million worldwide.
You can withdraw up to £500 a day from a Lloyds Bank Cashpoint or other cash machines.
International Students who have lived in the UK for less than 3 years are not eligible for an overdraft.
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 Lloyds Bank branch to complete your application.
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. All documents must be the most recent ones. We don’t accept expired documents or documents printed off the internet.
We need to see one of the following documents.
This document must show your full name. You can choose from the following:
• current United Kingdom, European Union or European Economic Area photo driving licence
• current UK / EU / EEA passport
• EU / EEA identity card
• all other current signed passports with a valid UK visa
• benefits or pensions notification letter confirming the right to benefit
• current UK non-photo driving licence
• blue disabled driver’s pass.
We need to see one of the following documents.
This document must show your full name and current address. You can choose from the following:
• bank, credit card or building society statement showing transactions
• current UK driving licence (if it hasn’t been used as proof of your identity)
• utility bill
• 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)
• 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)
We reserve the right to ask for additional documents. 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.
You can withdraw up to £500 a day from a Lloyds Bank Cashpoint or other cash machines. You can use your Visa debit card in over 500,000 locations in the UK and 27 million worldwide.
Quick, easy ways other than in branch to manage your money 24 hours a day, 7 days a week, online or on the phone with Internet Banking, PhoneBank® and Mobile Banking.
Get up to 15% cashback using Everyday Offers at the type of places you regularly shop. It’s available to UK personal current account customers over 18, who bank online. Retailer offers and cashback amounts may vary.
Our mobile alerts service offers a simple way to stay on top of your finances without even having to think about it. So if we have a mobile number for you, we’ll help you keep an eye on your balance.
Register for Save the Change and make saving easy. When you buy something with your Lloyds Bank Visa debit card (and your account is in credit), the amount can be rounded up to the nearest pound, and the difference transferred to an eligible Lloyds Bank savings account.
Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.
We can move your current account to a Lloyds Bank Student Account in just seven working days. Your standing orders and Direct Debits will be automatically transferred to your new account. All you have to do is let us know the date you want to be switched and provide details of the account you want to switch from.
Current accounts and services are offered subject to your status. They are available only to personal customers who are aged over 18, are resident in the UK, and are either an EU national or have permission to stay in the UK for at least 12 months.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
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.
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).
You can apply for a tiered fee-free Arranged Overdraft of up to:
In your second year after graduation, if you use an Arranged Overdraft of £1,200 on your Graduate Account, then we’ll charge you a daily arranged overdraft fee of 0p.
Yes, as long as you meet the standard criteria: you are 17 or over, have been a resident in the UK for at least three years and are 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.
Take advantage of up to 15% Cashback with Everyday Offers. Get up to 15% cashback at the type of places you regularly shop when you bank online and use your debit or credit card. Including: Merchant offers and cashback amounts vary. Registration for Everyday Offers is required. Activate offer for use on your next purchase. Available to Lloyds Bank UK personal current account customers (excluding basic account) with a debit and/or credit card aged 18+. Terms & conditions apply. More about Everyday Offers.
Plus, every month we pay back thousands of our customers for something they’ve bought up to the value of £500 on their Lloyds Bank debit or credit card with It’s On Us. So far, we've paid back our customers for games consoles, yoga classes, flights and much more. Available to Lloyds Bank UK personal student account customers with a debit and/or credit card aged 18+ (excluding customers in Northern Ireland). Simply register for Everyday Offers and then you’re also eligible for It’s on Us. Terms & Conditions apply. More about It's on us.
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.
To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.
Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065 Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Lloyds Bank plc registered office:
25 Gresham Street,
London EC2V 7HN.
Registered in England and Wales No. 2065.
We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.
Overdrafts are repayable in full on demand. View Arranged Overdraft borrowing fees.
The Student Current Account is only available to full-time students who are permanently resident in the UK. Applicants must be at least 17 years old and must be studying for a full-time course that lasts for a minimum of two years or be on a one-year access course leading on to a full-time degree.
PhoneBank® is a registered trademark of Lloyds Bank plc.
Cashpoint® is a registered trademark of Lloyds Bank plc.
Save the Change® is a registered trademark of Lloyds Bank plc.
Money Manager is provided to help you manage your personal finances and is not intended to provide legal, tax or financial advice. Terms and conditions apply.
You need to register for Internet Banking, PhoneBank® and Mobile Banking. Terms and conditions apply.
We don't charge you to use Mobile Banking, but your mobile operator may charge for some services, so please check this with them.