Natwest Student Bank Accounts

Natwest Bank has the most first-year students opting for their student bank accounts than any other bank. They have an attractive branch network within easy reach of most universities and offer some excellent incentives to get you going.

The Natwest Student Bank Account

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 full details of their current offer are as follows:

  • An initial interest-free overdraft of £500.
  • Increase your overdraft limit to £2,000 from year two.
  • Free 4-year National Express Young Persons Coachcard.
  • A student credit card with a £500 balance at 18.9% AER.
  • Fee free day to day banking.
  • Use the mobile app to withdraw cash from ATMs without your debit card.
  • Unlimited online and telephone banking with 24-hour access to your bank account.

Overdrafts do not need repaying until the limit starts to reduce in year two in the graduate account.

The Natwest Graduate Account

Once your university studies have completed, you'll move onto the graduate account for up to two years.

  • Interest-free overdraft of £2,000 in year one.
  • Interest-free overdraft of £1,000 in year two.
  • A free "tastecard" worth £39.99 per year giving you 50% off food bills at certain restaurants.
  • Includes a Natwest debit or credit card.
  • Continued access to your account via the mobile app, telephone, or branch network.

After two years, you'll move to the standard current Select Account. Any existing overdrafts you have are then charged at 19.89% interest together with a monthly fee of £6.

These are reasonable accounts and the one big bonus is the fee free overdraft of up to £2,000. The Natwest legal team have asked us to add the following note: " is not part of NatWest and holds no responsibility for the accuracy of the information contained on this site."

Note: The tastecard offer is always subject to availability and may exclude some popular dates and a limited menu. Check the website or restaurant for details.