LLOYDS BANK CURRENT ACCOUNT
With our Student Current Account, managing your finances is sorted.
Get up to 15% cashback with Everyday Offers when using your VISA Debit Card at selected retailers. Merchant offers and cashback amounts vary. T&Cs apply.
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 StudentsInternational students.
Switching to us is now faster and more convenient with the Current Account Switch Service. Find out more about the benefits of switching to us.
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 an interest-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 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 an interest-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 or available arranged overdraft 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 |
Interest-free arranged student overdraft |
|---|---|
YearYear 1 of study - first 6 months from accounts opening |
Interest-free arranged student overdraft£500 |
YearYear 1 of study - months 7 – 9 from account opening |
Interest-free arranged student overdraft£1,000 |
YearYear 1 of study - months 10 – 12 from account opening Years 2 and 3 of study |
Interest-free arranged student overdraft£1,500 |
YearYears 4 - 6 of study |
Interest-free arranged student overdraft£2,000 |
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).
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 an interest-free overdraft offer which gradually reduces each year, helping you transition into professional life. You can apply for an interest-free overdraft up to:
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:
PLUS
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:
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.
Find out how fraud can harm you and what you can do to stop it:
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.
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.
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).
Arranged overdraft
You can apply for a tiered interest-free arranged overdraft of up to:
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.
If you’re an existing customer with a current account, you can change it into a student current account. You can do this through Internet Banking by logging on using the link above. You’ll need to have your 4-digit UCAS code to hand. Changing your account rather than opening a new student account will be quicker as we won’t need to ask for information we already hold. Once you have changed your account, your sort code and account number will stay the same and you’ll also keep your debit card.
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.
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.
You may wish to consider these accounts:
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.
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.
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Money Manager is provided to help you manage your personal finances and is not intended to provide legal, tax or financial advice. Personal Internet Banking customers only. Terms and conditions apply. Mobile Banking services may be affected by phone signal and functionality. Must be registered for Internet Banking. Terms and conditions apply.
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