Terms and Conditions apply. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. This is the annual interest rate of an overdraft. The bic codes below belong to BANK OF SCOTLAND bank and/or any of its branches across all countries and cities in the world.. So that we can support those in the most vulnerable situations please only call if it is urgent. If you are a full time 3rd level student aged 25 years or younger and studying for an undergraduate or postgraduate qualification, you can apply for a 3rd level current account now. Arranged overdrafts are subject to application and approval and repayable on demand. Debt is wiped 30 years after graduating for students from England and … Find out more detailed information on overdrafts such as interest rates, charges and managing your arranged overdraft limit. Request monthly postal bank statements (student visa extension). - 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. SC327000. If you’re a child or teen, our Under 19s Account is the easy way for you to make the most of your money, with credit interest and easy access to your money. Open a Student bank account with NatWest and get 1 of 3 offers. Youth and Student accounts Our Youth and Student Accounts will help you get the right start in life and be prepared for exciting times ahead. ! Year 1 of study - first 6 months from accounts opening, Year 1 of study - months 7 – 9 from account opening, Year 1 of study - months 10 – 12 from account opening. If you don't have your UCAS code you can still apply for a Student account. We need to see one of the following documents. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking. Visit the Bank of Scotland Facebook page. The rules and regulations for opening a bank account in the UK are very strict. How much does my overdraft cost in pounds and pence? Yes, you are able to switch your Business Current Account to another provider while retaining your Business Loan. Our Student Bank Account makes it easy to manage your finances, and comes with an interest-free arranged overdraft offer 1 Helping you to make the most of your n ewfound independence. Opens in a new browser window. You will need to be aged 17 or over, on a degree course or equivalent full time education and have been a permanent UK resident for the past 3 years to apply. For those looking for more of an academic benefit, Barclays’ student account gets you a subscription to Perlego, the “Spotify of textbooks”, which gives you access to more than 400,000 titles. We'll just ask you to send us one of the letters you've received from UCAS to confirm your student status. More and more customers are choosing the flexibility, convenience and safety of banking on their mobile. Information for International students applying for a Classic Account. To apply for a Bank of Scotland Student Account you must be 17 or over and be 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. This interest rate does not include any other fees and charges. 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. You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. You’re studying on a full-time course that lasts for at least two years, or on a one year access course leading onto a full-time degree. Whether you're an international student studying in the UK on a year abroad or for your full degree, this guide will help you choose the best bank account for you. You can use our eligibility tool to find out if you are eligible for an arranged overdraft. The Student Royalties account must be your main bank account receiving regular deposits. So that we can support those in the most vulnerable situations please only call if it is urgent. If you plan to study in the UK, you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts. You can choose from the following: We need to see one of the following documents. Adept account, for children aged 11-18. International Student Bank Account | Royal Bank of Scotland - RBS Opens in a new browser window. That's why we designed our Student Account to help you get the most out of student life and you can apply as soon as … Browse all Bank of Scotland branches in the United Kingdom. Learn more. This interest rate does not include any other fees and charges. This document must show your full name and current address. Free everyday banking with credit interest for children and teens. Find out more about Student Overdrafts: Always try to keep your account in credit. A variable annual interest rate of 0% EAREAR is the Equivalent Annual Rate. Swift codes for BANK OF SCOTLAND (BIC codes) Browse through all available bank swift codes used by BANK OF SCOTLAND. Opening a bank account - International and EU students. University of St Andrews - Scotland's first University. 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. If you don’t meet the eligibility criteria for a Bank of Scotland Student Account you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts. If you have lost your code contact UCAS on 0371 468 0468 who will reissue the email within 24 hours. You can choose from the following: We reserve the right to ask for additional documents. The Student Account comes with an interest-free arranged overdraft of up to £1,500 in years 1-3 and up to £2,000 in years 4-6. The amount of your arranged overdraft that is interest-free will depend on your year of study. Visit the Bank of Scotland YouTube page. 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). Upgrading your Bank of Scotland current account to Platinum opens the door to a range of additional benefits from third party insurance providers. All overdrafts are subject to application and repayable on demand. Monthly fees apply. You will need to go to a branch once your application is successful to provide staff with the following: Simply login to your Internet Banking. Bank Account. Bank of Scotland Student Account. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. Visit the Bank of Scotland Twitter page. You’ll also need to: be aged 17 or over; have been living in a permanent UK address for at least three years; Swift codes also known as BIC Codes is a unique bank identifier used to verify financial transactions such as a Bank Wire Transfer. Opens in a new browser window. You must be 18 or over to apply. Apply for an interest free overdraft up to £2,000 (£500 in first term). If you plan to study in the UK, you may be eligible for our Classic Account or another one of our Bank of Scotland current accounts. 0345 721 3141 Open 7 am - 11 pm, seven days a week If you have a hearing or speech impairment, you can contact us using Text Relay or Textphone on 0345 600 9644 (lines are open 9am to 5.30pm, seven days a week). We don’t accept expired documents or documents printed off the internet. The link below will take you to the start of the application. An interest-free and fee-free tiered Planned Overdraft (subject to application and approval) of up to £1,500 is available in year 1 (£500 for the first 6 months, £1,000 in months 7-9 and £1,500 after this). General banking & account queries. First things first: what are the different accounts available? You're aged 17 or over (to apply for an arranged overdraft, you have to be 18 or over), You've lived at a permanent UK address for the past 3 years. Bank : Bank of Scotland: Branch finder : Branch Finder: Apply online : Apply Online: Year 1 overdraft ( £ ) 1500: Year 3 overdraft ( £ ) 1500: Year 5 overdraft ( £ ) 2000: Submit review View reviews (2) View ratings. Internet Banking queries. A current account designed for students in full-time education and apprenticeships. Email: security@bankofscotland ... Category. Student bank account. Opens in a new browser window. Once you’ve opened your 1l2l3 Student Current Account and registered for Online Banking, a unique code will be sent by secure message to your Online Banking within 5 working days of account opening. Bank of Scotland plc, Registered in Scotland No. Up to £2,000 in your first year after graduation, £1,500 in your second year and £1,000 in your third year. Proof of address (anything official with your name on it that's less than three months old, but not a mobile phone bill). Current Account. An arranged overdraft can act as a short term safety net. Visit the Bank of Scotland Twitter page. Get details about student's chequing and savings account. Description. Find out more about the benefits of a Bank of Scotland current account. Got any questions? Sometimes we need to plan for the unexpected and having an arranged overdraft limit set up can provide you with the flexibility of extra money to help tide you over. If you do use your Arranged Overdraft, try to never go over your agreed limit. 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. A student current account is essentially a bank account designed for anyone who is in higher education. If you attempt to make payments (including Direct Debits) that would take you over your agreed Arranged Overdraft limit, the Bank … Visit the Bank of Scotland Facebook page. To be eligible for a Bank of Scotland Student Current Account, you’ll need to be studying on a full-time degree course (or equivalent) that lasts at least two years, or a one-year course that leads to a full-time degree. 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. Personal UK Internet Banking customers only. We’re on or near every campus across the country to offer help to students and we … Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking. You'll receive your 16-25 Railcard within 5 working days of completing your order. They list the top international student bank accounts for 2020, along with reviews of each provider and are also a good source of information for other student finance matters. 60 / 100. Bank: Bank of Scotland: Opens in a new browser window. This example assumes you are in the second year of your studies. Can I switch my Bank of Scotland Business Current Account after taking out a Business Loan? 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. Student and graduate accounts, for people who are currently in or have recently left further education. All documents must be the most recent ones. Date posted: October 27, 2013 banker. T&C’s apply. Opens in a new browser window. Bank of Scotland. This is the annual interest rate of an overdraft. As an example, the interest cost of borrowing £500 is: You can use the representative APR to compare with other products or credit providers, this can help you make sure that you chose the right type of borrowing for you. You’ll get a Bank of Scotland VISA contactless debit card, providing a faster way to pay for your everyday essentials. Download the statement of responsibilities, Please Enter to access social media links. Three things to note about student loans are… You only start paying it back the April after graduating and you’re earning over a certain amount. Even if you don’t think you’ll get a part-time job or student loan, you’ll need somewhere to hold your money, especially given the ease of contactless and the various budgeting options on offer, it’s easy to see why you’d want a student bank account if you don’t already have one. You can apply for a tiered interest-free arranged overdraft (subject to application and approval). EAR is the Equivalent Annual Rate. If you’re studying at or going to university soon, our Student Account is full of smart extras that will help you keep on top of your finances so you can focus on your studies and enjoy yourself. You'll need to be 18+ and have a confirmed place on a qualifying course at a UK university or college. To accept cookies continue browsing as normal. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. We are experiencing a high number of calls at the moment. click for details of the under 19's account, Please Enter to access social media links. To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower. Packed with everything you need to make the most of your time as a student. If you’re a child or teen, our Under 19s Account is the easy way for you to make the most of your money, with a competitive rate of credit interest and easy access to your money. Aged 17 or over and in full time education? We’ve got a student bank account with the benefits you need to make your time here a little easier. The Royal Bank of Scotland offer a variety of current accounts, including: Select account, an everyday current account. Registered in Scotland no. Foundation account, a basic account with stripped back features. Find out how fraud can harm you and what you can do to stop it: 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. A student account is designed exclusively for university students. Compared to many countries, banking in the UK as a foreign student is usually pretty easy and there's a … Registered Office: The Mound, Edinburgh EH1 1YZ. This document must show your full name. Bank of Cyprus uses cookies on this website aiming to improve your online experience. Call us on 0345 721 3141 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm). It may take up to approximately two weeks to open an account. They are based on the standard accounts offered by banks, however students are also treated to benefits including freebies and interest-free overdrafts. You must be 18 or over to apply. Bank of Scotland, instead of attributing my repayments to the balance transfer ending the soonest (september), they have been repaying my balance transfer expiring the latest, which of course led to a situation of them charging an interest fee on my account without any warning!! To apply for a Bank of Scotland Student Account you must be 17 or over and be 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. Bank where you want with the latest built-in security technology that keeps your details safe and private. Use the unique code at our railcard website to order your free 16-25 Railcard. 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). 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