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£100 cash and up to £90 in Deliveroo vouchers
Sounds tasty, right?
To qualify, you’ll need to follow these simple steps:
£100 Cash:
Open (or change your existing Lloyds bank account to) a Student Account and pay in at least £500 by 31 October 2025.
Up to £90 Deliveroo vouchers:
- First, you need to qualify for the £100 cash.
- Then you’ll get a £15 Deliveroo voucher for each month you make 20 or more qualifying debit transactions between November to April.
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These terms apply to a Lloyds Bank Student Account £100 cash offer and Deliveroo voucher offer. The offer is one payment of £100 cash paid into your new account and up to £90 of Deliveroo vouchers, paid as a £15 voucher a month over 6 months.
£100 Cash Offer
To qualify for the £100 cash offer, you must:
- Open (or change your existing Lloyds Bank bank account to) a Lloyds Bank Student Account between 1 August 2025 and 31 October 2025; and
- Pay in at least £500 to your Lloyds Bank Student Account by 31 October 2025.
You won’t qualify if:
- You currently have, or have had at any time since 1 August 2020, a Student Account or Graduate Account with Lloyds Bank, Bank of Scotland, or Halifax.
- You open a Lloyds Bank Student Account either before 1 August 2025 or after 31 October 2025.
- Your application for a Lloyds Bank Student Account isn’t successful.
- You don’t pay in at least £500 by 31 October 2025.
When will I receive the £100 cash offer?
- The £100 cash offer will be paid into your Lloyds Bank Student Account in one payment before 30 November 2025 and will appear as a cash credit.
- Your Lloyds Bank Student Account must remain open to receive the £100 cash offer.
- Only one cash offer is available per customer.
Up to £90 of Deliveroo Vouchers
To qualify for the Deliveroo voucher offer, you must:
- Qualify for the £100 cash offer; and
- Each calendar month between November 2025 and April 2026, complete 20 or more qualifying debit transactions on your Lloyds Bank Student Account. Each month you do this, you will then receive a £15 Deliveroo voucher the following month. For example, if you make 20 or more qualifying debit transactions in January, you will receive your £15 voucher in February.
- It is possible to qualify for some months and not others.
What do we mean by a debit transaction?
- Any money paid out of your Lloyds Bank Student Account. However, what we won’t include are:
- Inter-account transfers (what we mean here is money sent to a Lloyds Bank, Halifax, or Bank of Scotland account in your name, including joint accounts);
- Any Lloyds Bank fees or charges;
- Any gambling related payments (what we mean here is any transactions made to betting sites, casinos, online gambling platforms, or lotteries);
- Financial services transactions (what we mean here is money transmission orders, purchases of foreign currency or travellers cheques, purchases of financial services such as insurance or investments);
- Cryptocurrency transactions;
- Any transactions out of your account that are disputed or we think are fraudulent.
When and how will I receive the Deliveroo vouchers?
- Vouchers will be sent each month, from December 2025 to May 2026, to the email address you provided during onboarding.
- Vouchers will be issued during the month after the one in which the qualifying transactions were completed.
- We are not able to reissue Deliveroo vouchers if your email address is incorrect; it is your responsibility to make sure your details are correct and up to date.
- You have 30 days to use your Deliveroo voucher before it expires. We’re unable to reissue expired or lost vouchers.
- There is no cash alternative available.
Both offers are subject to change and can be withdrawn without notice at any time.
Check if you can apply
Are you an international student?
If you have not been a resident in the UK for at least three years, you will not be able to apply for a Student Current Account.
Instead, you might want to take a look at our other accounts.
Here's what you get right away
What is a student arranged overdraft?
Sometimes you need a little financial support to help tide you over for a short period of time. That’s where an arranged overdraft comes in. It allows you to borrow some money, like a safety net.
Like all overdrafts, you’ll have to pay it back at some point, but we’ll keep you in the loop by letting you know if you ever go over your limit via overdraft alerts.
Take a look at how the interest-free amount changes over the years. You can only apply for an arranged overdraft if you are 18 years or more.
If you are given an arranged overdraft limit higher than the interest free amount, you will be charged interest on any borrowing over and above the interest free amount.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
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How do you get a student arranged overdraft?
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 interest.
How do I increase my arranged overdraft?
You can apply to increase it online in a couple of minutes, and we will give you an instant online decision.
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Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.
You won’t pay anything when you stay within your interest-free arranged overdraft amount.
For more information about overdrafts, see Student Account welcome pack (PDF, 844 KB).
If you already have a current account with us, you can apply for an arranged overdraft through Internet Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft limit too.
Start building your financial future
Invest Wise
Give your future a head start. If you’re aged 18 to 25, invest little by little with no admin fees and free regular investing and feel good about investing in your future.
Get started today with Invest Wise. Open an account
Investments can go down as well as up, so you may get back less than you put in.
Looking ahead
What happens to my account when I graduate?
Your current account will graduate along with you.
Your Student Account will automatically convert to Graduate Account when you complete your university course.
Open a Student Current Account today
Let’s look at the details
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What is a debit transaction?
A debit transaction is when money comes out of your account to pay for something - like buying lunch with your debit card or paying a bill directly from your account.
What is a credit transaction?
A credit transaction is when money comes into your account. For example, getting paid or someone transferring money to you.
What is a pending transaction?
A pending transaction is a payment that's been made but hasn't fully gone through yet. You'll see it in your account under "pending transactions" until the final amount is confirmed and it fully comes out of your balance.
What does contactless mean?
Contactless is a quick way to pay using your card or phone by tapping it on the card reader instead of entering your PIN.
What is a sort code?
A sort code is a 6-digit number that identifies your bank and branch - it's used alongside your account number to send or receive money.
What is a faster payment?
A faster payment is a bank transfer that usually arrives in the other person's account within minutes, 24/7.
What is a BACS payment?
BACS is a type of bank transfer that usually takes up to 3 working days. It's often used for wages, benefits, or paying bills.
What is a direct debit?
A direct debit is when you give a company permission to take money from your account automatically. For example, to pay your phone bill each month.
What is a standing order?
A standing order is when you set up a regular payment to someone else, like paying your rent on the same date each month.
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- For nursing and midwifery, a NMAS letter is accepted
- If you haven’t applied through UCAS, then an original university offer letter on university headed paper may be accepted. It needs to include:
- Student’s name and address
- Course name
- Course type and length
- Year of graduation
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- If you have a Lloyds Student Account already, and continue straight onto a Masters Degree or PhD, you can extend your existing Student Account and hold it for a maximum of 6 years whilst you study.
- If you don’t have a Lloyds Student Account, and are starting a Masters Degree, then you can open a new Student Account if 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.
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Find out how fraud can harm you and what you can do to stop it:
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Switching with us
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 and are resident in the UK.
Current Account Switch Guarantee
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.
The service is free to use and you can choose and agree your switch date with us.
We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
If you have money in your old account, we will transfer it to your new account on your switch date.
We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
If there are any issues in making the switch, we will contact you before your switch date.
If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
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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).
The Graduate Account has an interest-free arranged overdraft offer that gradually reduces each year, helping you transition into professional life.
Arranged overdraft
You can apply for a tiered interest-free arranged overdraft of up to:
- £2,000 in your first year after graduating,
- £1,500 in your second year, and
- £1,000 in your third year.
Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.
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Current account support
Learn how to get the most out of your Lloyds current account with our support pages.
Under 19's Account
Switch to us
Switching your current account to Lloyds is simple, reliable and stress-free with the Current Account Switch Service.
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.
Account opening is subject to our assessment of your circumstances.
Overdrafts are repayable in full on demand.