1|2|3 Student bank & current accounts (2024)

Account fee

There’s no monthly fee to maintain the account.

The Fee Information Document (119 KB) details the main fees and charges on this account. For further explanation of our main terms and services take a look at our Glossary

Arranged overdraft

An arranged overdraft is borrowing through your current account. This is a short-term borrowing method. It can give you a bit of extra money for urgent, unexpected costs that might come up.

Overdrafts depend on your circ*mstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance. For more information on overdrafts click here

An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time.

An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit.

When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circ*mstances. If we allow a payment, it will take you into an unarranged overdraft. We don’t charge fees for allowing or refusing a payment due to lack of funds.

Our cost calculator helps you understand the costs associated with using an overdraft facility.

How much will it cost?

When you open your account you’ll get an arranged overdraft limit of £250. To increase this to £1,500 you’ll need to:

• register for Online Banking
• pay in £500 and continue to pay in at least £500 into your account every 4 months
• we’ll automatically increase your overdraft limit as shown below at the start of each year of study. You can ask to reduce the limit at any time.

Overdraft

The table below shows you how you’ll be charged for using your overdraft.

How does our overdraft compare? The purpose of a representative APR is to enable customers to compare the costs associated with different credit products.

Overdrafts depend on your circ*mstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

Overdraft alerts

You’ll be automatically set up to receive text alerts when:

• your account makes or may make use of an unarranged overdraft
• you have regular payments due on your account and you don’t have the funds to cover them
• where a payment is refused as you don’t have enough funds.

You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase.

We’ll send the alerts before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. If we don’t have a valid mobile number for you, we might not be able to reach you.

You can also register for other account alerts to help you to stay on top of your finances. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount.

For more information visit account alerts

You can manage your alerts settings at any time by using Online Banking. If you require further support please contact us or visit your local branch

If you need support with managing your money or if you’re in debt, please visit our money worries page for further support.

You’ll get a free Santander 16-25 Railcard which could save you 1/3 on rail travel in Great Britain letting you travel all over England, Scotland and Wales for less. The Santander 16-25 Railcard also gives you access to exclusive deals on holidays, eating out, top attractions and more.

How to get your 16-25 Railcard

• Once you’ve opened your Santander Edge Student current accountandregistered for Online Banking, a unique code will be sent by secure message to your Online Banking within 5 working days of account opening.
• Use the unique code atour railcard websiteto order your free 16-25 Railcard.
• Your unique code is valid for 60 days from the date of issue and cannot be re-issued once expired.
• You can choose to have a digital or a plastic Railcard when you order it.

If you choose a digital Santander 16-25 Railcard, you can use it straight away. You’ll get a code and instructions on how to download it on your phone. Rail Delivery Group will send this to the email you registered with on the Railcard website.

If you choose a plastic Railcard, you’ll get it in the post within 5 working days.

For more information on the Santander 16-25 Railcard take a look at theRail Delivery GroupFAQs page.

Key documents

• Santander Edge Student current account Key Facts Document (880 KB)
• Santander Edge Student current account Fee Information Document (119 KB)
• Santander 16-25 Railcard Terms and Conditions
• Santander Edge Grad current account Key Facts Document (876 KB)

To view these documents you may need to download Adobe Reader​​​​

You can apply if

• You’re 18 or over
• You live in the UK for tax purposes
• You’re about to begin or have startedan undergraduate course, or degree-level apprenticeship(level 4-7)that is at least 2 years in length.

If you're about to begin your university studies, you must have a ‘confirmed conditional’ offer (this is given once you have received your results) or an ‘unconditional’ offer of a university place. If you have a conditional offer only, please wait until your place has been confirmed following your results before applying.

If you're about to begin an apprenticeship, your place on the apprenticeship must have been confirmed. If your offer is subject to you achieving certain results, please wait until your place has been confirmed following your results before applying.

You can use your UCAS 4-digit status code as proof of study in your application. You can find your code by logging onto UCAS.

If you didn’t apply for university through UCAS, or are studying an apprenticeship you can provide:

• a student ID card
• a letter from your higher education provider, or
• an apprenticeship confirmation from your university or employer.

Santander Boosts

Get rewards to give you a little boost when you bank with us.

Just sign up for Santander Boosts through your Mobile Banking app or in Online Banking and then you’ll be able to choose the offers you like and earn rewards with your favourite retailers.

• Earn cashback when you shop online at a wide range of retailers
• Receive vouchers and coupons for discounts on a variety of products and services
• Get offers personalised to your individual interests and hobbies
• Enjoy free gifts and enter prize draws

Ways to bank with us

You can access theSantander Edge Student current account anytime, anywhere.

• Online Banking
• Mobile Banking
• Get personalised spend insights with My Money Manager
• Contactless payments with your mobile by linking your Santander debit or credit card to yourApple,AndroidorSamsungdevice.

Face-to-face support in branch and UK-based telephone support:

• In branch
• Telephone Banking
• ATM
• Post Officeto make withdrawals, balance enquiries, cash deposits and cheque deposits

Paper-free

This is a paper-free account which means:

• Your documents, statements and some of your letters will be sent as e-Documents to your secure inbox on Online Banking (unless you require documents in an alternative format, such as Braille).
• You'll need to provide us with an email address when you open the account as we’ll send you an email to let you know when a document is ready to view.
• Once the account has been open for at least 24 hours, you can update your account settings at any time to start receiving statements and other correspondence by post.

Security

Keep your banking details private and secure.

For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit ourSecurity Centre

As your course period may not match a standard university academic year, you may find that your overdraft limit changes earlier than expected in line with the account’s overdraft structure and that your account may move to theSantander Edge Grad current account before you finish your course.

Your account will automatically transfer to our Santander Edge Grad current account Key Facts Document (876 KB)at the end of your course.

If you have a 1|2|3 Mini Current Account and are in, or going into your first year of study on an undergraduate course, you can change your account online. You must be able to provide your UCAS 4-digit status code.

If you have a different current account, or don’t have a UCAS code because you’re doing a level 4-7 apprenticeship, or you’d like any more help, you can change your account in one of our branches. You may need to book an appointment

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