The challenging times we’re all experiencing means we’re getting a lot more calls than usual and our call times are longer. So we can support people in the most vulnerable situations, we ask that you only call us if your enquiry is urgent. You can still use our online and mobile banking services and our automated service.

 

LLOYDS BANK CURRENT ACCOUNT

Student Account

With our Student Account, managing your finances is sorted

Lloyds Bank Classic Card

Who can apply for a student account?

You can apply if:

  • you're aged 17 or over
  • You’re studying full-time on a course of at least two years’ duration, or a one-year full-time access course leading to a degree
  • You've been a resident in the UK for at least three years

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.

When can you apply for a student account?

  • As soon as you have a place confirmed, you can apply.
  • If you’re already a student, you can still apply for a student account.
Current Account Switch Guarantee

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.

Why choose our Lloyds Bank Student Account?

Arranged overdraft

Being a student often means living on a tight budget.

With our Student Account, you can apply for an interest-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.

Free everyday banking

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.

About our Student Overdraft

What is a Student overdraft?

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.

Arranged overdraft information

  • An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
    - 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.
  • Applying for an arranged overdraft - When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
  • Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Internet Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. This application won't affect your credit score.
  • Helpful tools - You can use our cost calculator to calculate the cost of an arranged overdraft.

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.

What can you use an overdraft for?

Many students use overdrafts for:

  • Deposit and rent for accommodation
  • Course materials
  • Travel
  • Food
  • Unexpected costs

"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.

Our interest-free arranged student overdraft

If you are 18 years old or more, you can apply for an arranged student overdraft where:

Our fee-free arranged Student Account Overdraft offer

Year

Interest-free arranged student overdraft

Year

Year 1 of study - first 6 months from accounts opening

Interest-free arranged student overdraft

£500

Year

Year 1 of study - months 7 – 9 from account opening

Interest-free arranged student overdraft

£1,000

Year

Year 1 of study - months 10 – 12 from account opening 

Years 2 and 3 of study

Interest-free arranged student overdraft

£1,500

Year

Years 4 - 6 of study

Interest-free arranged student overdraft

£2,000

Representative Example

A variable representative rate of 0% APR

A variable interest rate of 0% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. 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. This interest rate does not include any other fees and charges.

Based on borrowing £1,200

This example assumes you are in the second year of your studies

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

£0.00 for 7 days

£0.00 for 30 days

£0.00 for 60 days

How does our overdraft compare?

You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.

Useful tools

You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

 

Cost Calculator

You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

 

Eligibility Tool

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, 1.7 MB)opens in a new tab.

How do you get a student 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 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.

When you graduate, we’ll still be by your side.

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:

  • £2,000 in your first year after graduating
  • £1,500 in your second year
  • £1,000 in your third year

Features that come with your Lloyds Bank Current Account

  • With Internet Banking, make the most of your account 24/7. It’s the quick, easy way to keep track of your money, make payments and transfers and see your statements
  • Manage your money wherever it suits you with our Mobile Banking App for iOS and Android.
  • Keep an eye on your balances and manage your accounts where you are with Mobile Alerts
  • Make quick, safe and secure Mobile Payments with Apple Pay and Google Pay
  • Use a network of over 1100 branches across England and Wales.
  • Take out money from any Cashpoint® in the UK, or cash machines around the world. It’s free to take out money from Lloyds Bank and other major UK banks in the UK.
  • Convenient payments with a Lloyds Bank Visa debit card enabled for contactless payments if you are eligible.

Some extras to help you

Up to 15% cashback with Everyday Offers

Here are some of the retailers you may get offers from:

Coop, Costa, Hilton and Sky logos

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".

  • Click on the offers you want to activate for use on your next purchase.
  • Shop with either your Lloyds Bank debit card, credit card (if you're the main cardholder) or set up a Direct Debit, in line with the offer conditions.
  • Enjoy the money you have earned, which is paid into your account at the end of the following month for card transactions, or the month after your second Direct Debit payment has been collected.
  • Apply Online

    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?

    1. Apply online (typically takes about 10 mins). We’ll confirm your overdraft and account offer in the application form.
    2. Take the following documents into your local branch to verify your ID:
      - Your UCAS confirmation of place letter. Or a letter from your university or college confirming your place.
      - If you’re an existing Lloyds Bank current account holder, your bank card
      - If you are a new customer, you’ll need to bring:
           Proof of identity (such as a passport or driving licence)
           Proof of address (such as a utility bill dated within the last 6 months

      Please ensure you bring the original documents, not photocopies.

    Apply for a Student Account online

     

    Apply in Branch

    Book an appointment, to open your account in one of our Lloyds Bank branches.

    1. Book an appointment in branch by calling 0345 300 0000 (+44 1733 347 007 from outside the UK). Lines are open 7am - 11pm, 7 days a week.
    2. Take the following documents to your branch appointment:
      - Your UCAS confirmation of place letter. Or a letter from your university or college confirming your place.
      - If you’re an existing Lloyds Bank current account holder, your bank card
      - If you are a new customer, you’ll need to bring:
           Proof of identity (such as a passport or driving licence)
           Proof of address (such as a utility bill dated within the last 6 months

      Please ensure you bring the original documents, not photocopies.

    Find your nearest branch

  • Choosing the right account for you

    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.

    Information for International students applying for a Classic Account

    Free everyday banking

    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.

    Debit card

    You can use your Visa debit card to shop online and in over 500,000 locations in the UK and 27 million worldwide.

    Cash withdrawals

    You can withdraw up to £500 a day from a Lloyds Bank Cashpoint or other cash machines.

    No overdraft

    International Students who have lived in the UK for less than 3 years are not eligible for an overdraft.

    Ways to apply

    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.

    Classic Account details

    What documents can I bring?

    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.

    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:

    • 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.

  • Debit card

    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.

    Banking your way

    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.

    Everyday Offers

    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.

    Mobile Alerts

    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.

    Save the Change®

    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.

    Money Manager

    Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.

  • Current Account Switch Guarantee

    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, are resident in the UK, and are either an EU national or have permission to stay in the UK for at least 12 months.

    Current Account Switch Guarantee

    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.

  • 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:

    • £2,000 in your first year after graduating,
    • £1,500 in your second year, and
    • £1,000 in your third year.

    Representative Example

    A variable representative rate of 0% APR

    A variable interest rate of 0% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. 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. This interest rate does not include any other fees and charges.

    Based on borrowing £1,200

    This example assumes you are in your second year after graduation

    How much does my overdraft cost in pounds and pence?

    As an example, the interest cost of borrowing £500 is:

    £0.00 for 7 days

    £0.00 for 30 days

    £0.00 for 60 days

    How does our overdraft compare?

    You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.

    Useful tools

    You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

     

    Cost Calculator

    You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

     

    Eligibility Tool

    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.

  • What document can I bring if I do not have a UCAS letter?

    • For nursing and midwifery, a NMAS letter is accepted
    • For specialist music course, a CUKAS letter is accepted
    • If you have lost your UCAS letter, log into the UCAS online portal to print out your UCAS letter.
    • If your course does not have a UCAS, NMAS or CUKAS letter, 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

    Can I have a Student Account for a Masters Degree or PhD?

    • 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.

    I am already a student, can I apply for a Student Account?

    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.

    What rewards do I get with a Student Account?

    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.

The application process typically takes about 10 mins

Apply now

Making sure you get a fair deal

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.

Important legal information

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.

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. 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.

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.