Student Account

Up to £1,500 interest and fee-free tiered Planned Overdraft

How it works

• In the first year of your studies you can apply for an interest and fee-free tiered Planned Overdraft of up to £1,500, starting with £500 for the first six months
• You can then apply to increase it to £1,000 in months seven to nine and from month 10 up to £1,500
• We also offer an interest and fee-free untiered Planned Overdraft of up to £1,500 in years two and three and up to £2,000 in years four, five and six

To get an overdraft, you need to be 18 or over and you need to apply and be approved.

• Overdraft buffer
  You automatically get a £10 overdraft buffer whether you have a Planned or Unplanned Overdraft, so there will be no overdraft fees or interest to pay if you go overdrawn by £10 or less (above any interest and fee-free amount available on your account).
• A grace period if you go over your limit
  You have until 3:30pm (UK time) to pay in enough money to avoid any overdraft fees for that day. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Mobile Banking, Internet Banking or PhoneBank^® or pay in cash over the counter in branch.
• Lloyds TSB Visa debit card
  You can use your Lloyds TSB Visa debit card online and in over 500,000 places in the UK and 27 million places worldwide. It also gives you the freedom to take out money at 62,000 cash machines in the UK, you can use it to get up to £50 cashback where available and make payments over the phone.
  Visa debit cards at a glance
• Lloyds TSB Student Credit Card*
  To help you balance your finances you can apply for a Lloyds TSB Student Credit Card, representative 19.9% APR variable with a minimum limit of £500 (subject to status and being 18 years or over). You’ll get up to 56 days interest free on purchases if you pay off the balance in full every month by the payment date shown on your statement.
  Find out more about the Lloyds TSB Student Credit Card
• Save the Change^®
  Easy savings with Save the Change™. Just register and every time you buy something with your Lloyds TSB Visa debit card, the amount you spend will be rounded up to the nearest pound and the difference will be transferred from your current account into your eligible Lloyds TSB savings account. Register for Save the Change^®
• Travel money
  0% commission on foreign currently and non-sterling travellers cheques.

Not sure the Student Account is right for you?

To open a Student Account, you need your UCAS confirmation letter or a letter from your university or college confirming your place.

The Student Account is only available to full-time students who are permanently resident in the UK.

To apply, you must be:

• at least 17 years old
• 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

To apply, visit any Lloyds TSB branch. You’ll need to take some proof of your identity and address with you.

Whether you want to move to Lloyds TSB or you already bank with us and want to open a new account, switching is easy . Our dedicated welcome team will do everything they can to help your switch run smoothly, including transferring all your Direct Debits and standing orders to your new account for you.

We will:

• contact your other bank for a list of your Direct Debits and standing orders
• tell you when your transfer is due to complete
• set up your standing orders and ask your service providers to start claiming your Direct Debits from your Lloyds TSB account after your transfer date
• keep you informed of how your switch is progressing and let you know what you need to do and when