We understand that starting university or college can be both an exciting and challenging time. That’s why our Student Account is packed with everything you need to help you make the most of your time at university. From an interest and fee-free tiered Planned Overdraft of up to £1,500 (subject to application and approval), to a range of great benefits including a YHA (Youth Hostel Association) membership for three years. We also give you all the tools you need to manage your money on the go and help you budget such as Mobile Banking and Money Manager. Our Student Account is the perfect way to prepare for the road ahead. |
Lloyds TSB Student Account:
Mobile Banking, Internet Banking, PhoneBank® and
Money Manager.
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 you may incur 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 Telephone Banking or pay in cash over the counter in branch.
Below are further details on the benefits available . We recommend you take time to read each section carefully. Full details on each of these will be provided to you in your welcome pack.
Student Welcome Pack
Personal Banking terms and conditions
Student Account Overdraft Interest Rates
Banking Charges Guide
Up to £1,500 interest and fee-free tiered Planned Overdraft
In your first year of your studies you can apply for an interest and fee-free Planned Overdraft of up to £1,500 (subject to application and approval). 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 – helping you to manage your spending over your first year. 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 (subject to application and approval).
Three year Youth Hostel Association (YHA) membership
With our Student account, you’ll get three years YHA membership completely free. So wherever you want to go in the world, you can be sure of a warm welcome and a clean bed. Membership gives you great discounts at hostels in England and Wales as well as being your passport to a worldwide network of around 4,000 hostels in more than 90 overseas destinations.
40 free music downloads from eMusic plus a free Mini Speaker
Don’t spend time shopping around to download your favourite tracks. Stock up your MP3 player with 40 free music downloads from eMusic in an instant. Choose from over eight million tracks from legendary and emerging artists. What’s more you’ll also receive a free Mini Speaker (subject to availability) to play your new tracks on. Internet access, registration and debit or credit card required.
Lloyds TSB Visa debit card
Your Lloyds TSB Visa debit card can be used at 27 million outlets around the world and gives you the freedom to take out money at 62,000 cash machines in the UK. You can also use it to get up to £50 cashback where available and make payments online or over the phone.
Lloyds TSB Student Credit Card*
To help you balance your finances you can apply for a
Lloyds TSB Student Credit Card with a minimum limit of £500 representative 19.9% APR variable (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.
Our Savvy Student site has videos, tips and guides to help you manage your money as a student in many different areas:
Use our budget calculator to help manage your money.
Calculate my monthly budget.
All you need to open a Student Account is your UCAS confirmation letter or a letter from your university or college confirming your place. If you are a new customer we’ll also need to see proof of your ID and address (opens in a new window).
New customers
Visit any Lloyds TSB branch. You’ll need to take some proof of identity with you. Find out what to take. You’ll also need your UCAS confirmation letter or a letter from your university or college confirming your place.
Existing customers
If you’re an existing customer, you can upgrade your account to a student account at any Lloyds TSB branch. All you need is your UCAS confirmation letter or a letter from your university or college confirming your place.
To make an appointment at your local branch, call us on
0845 3 000 000. We’re open 24 hours a day, 7 days a week, even on bank holidays. We’ll be happy to help.
Personal Banking terms and conditions
Student Welcome Pack
Banking Charges Guide
View Student Account interest rates
† A permanent UK resident is defined as a person who has lived in the UK for a minimum of 3 years prior to commencing higher education studies.
Account opening is subject to our assessment of your circumstances. You must be 17 or over to apply.
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.
* How much we lend and the issue of a credit card depends on an assessment of your circumstances. You must be 18 or over and a UK resident to apply. Overdrafts are repayable in full on demand. PhoneBank® is a registered trademark of Lloyds TSB Bank plc.
Cashpoint® is a registered trademark of Lloyds TSB Bank plc.
Save the Change® is a registered trademark of Lloyds TSB Bank plc.
