Nearly all student accounts are limited to £1,000 a year if that as they often require you to have been working and the £3,000 is at the end of 3 years. Yeah its interest free. Already have overdraft increased to 2k for my post grad degree starting in september. 50% off food or 25% off food and drinks at thousands of participating UK restaurants. Halifax: 0% overdraft of up to £1,500 which can last for three years after you graduate. Interest free overdraft while you study. 75 * 0. You’ll need to have a student current account as well, and be over 18. 99 per year)*. Hi guys, i took out a overdraft from the bank last term. Nov 9, 2023. Overdrafts are repayable on demand. Your arranged overdraft will continue indefinitely unless we specify an end date or you ask to end it. Fraud & security. Debt is never a good thing, but a student bank account overdraft is an excellent buffer to keep up your sleeve, in case of. amend the limit on any arranged overdraft (and that overdrafts are only available to applicants aged 18 years or over). I have recently tried applying for an overdraft, well started filling the forms out online, I got to the page requiring me to enter the limit I wanted (£500) and I noticed a message saying "Your application for an overdraft is unlikely to be accepted at the moment" So I've held off from applying as I don't want a rejected overdraft request recorded on. So far, after saving up my wages to pay it off I now have -200 and I . Set up. The minimum overdraft limit you can apply for is £250. Find the Savings Account for You. Graduate bank accounts are designed as a stepping stone to give you some time to pay off your overdraft without interest before entering the big bad world of regular fee-charging overdrafts. Only one cash offer is available per customer. So if your overdraft's up to £350, it pays some off and the rest is interest free. You’ll get 3% AER on your in-credit balance of £300-£2,000. Why apply for our Student bank account? Interest-free overdraft up to £1000 with an instant online decision. Both UK and international students can open a student bank account through Natwest. According to the website, my graduate account overdraft is £2000…hello fellow student money savers, i need your help. Lloyds and Halifax are offering. when your account switches to a graduate account you will be expected to pay it off so it's like. Usage our overdraft expense calculator to acquire an thoughts of how much it costs toward use an overdraft across our range of accounts. What is the interest rate on a NatWest student graduate account? Representative 39. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. Quoted from NatWest's website: If you hold a Student account and are graduating this year, we will be in touch to let you know we will be moving you onto a Graduate account in JulClick the link here to sign up for a Natwest student account. To earn £5 rewards, you earn £4 a month back in rewards for 2 or more Direct Debits (at least £2 each) and an additional £1 a month back in rewards with 1 mobile app log in. Current accounts - NatWest. Nil. For the security of customers, any unauthorised attempt to access customer. Please Help. 49 per cent, the first year after they graduate their interest-free buffer will shrink from £2,000 to £1,000. Championing kids and teens to be confident with their financial wellbeing. eruka Posts: 9 Forumite. You can ask HSBC to increase this limit up to £2,000 in. Overdraft in 2023. To apply, you'll need to be 18+ and have graduated in the past 2 years. According Natwest's site the student account is turned into a graduate account when you graduate. i. Customer Service. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. Whether you’re still in the idea phase or looking to grow your business, we could help you confidently take your next steps. 0% interest. My advice is to go into a branch and ask them about the different accounts available to you before doing anything too hasty. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. You can apply for up to £3,250 interest free from year three onwards*. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. You can arrange a transfer from overdraft to credit card with a money transfer credit card. Subject to lending criteria. Overdraft: Both NatWest and RBS allow for an interest free overdraft up to £2000,. 16 July 2008 at 5:30PM. There are no monthly fees, and like Natwest, offer the choice of three special offers, including the Tastecard, Amazon Prime Membership and National Express Coachcard. All you need to do is specify the overdraft that you wish to apply for (this is the new full amount not just the increased or decreased amount). The first is through NatWest Rooster Money which is our pocket money app for kids. Perk: £100 cash, one of the largest overdrafts and top ethical choice. 49% interest rate. £100 cash and free 4 year tastecard sign-up offer. After you graduate they will reduce the arranged overdraft gradually, so you have to find the account before this happens else you will pay interest and maybe fees. To remove the block, navigate to the same page and unselect ‘Gambling Transactions’. Classic Account, Silver Account, Gold Account, Platinum Account, Premier Account (including all Vantage options), Student Account, Graduate Account, Reward Current Account, Ultimate Reward Current. Here’s an overview of things to look out for: 0% overdraft fees – If you’re anything. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. Our Video Banking service provides you with banking from a location of your choice. I currently have £0 deposited… WVL. Choose the amount you wish to send, add. Although most student bank accounts come with an overdraft facility, there are a number that stand out. A. Graduate overdraft; Help with overdrafts . Specific account eligibility criteria applies. New customer - Student or Graduate? You'll need a NatWest account to have an overdraft with us. usually two years after you graduate. Act Now Alerts. Edinburgh, United Kingdom. Freebies in 2023. . This rate is available on loans between £7,500 and £14,950. You can still borrow. Students can apply for up to £3,250 interest-free from year three onwards. I'm a recent uni graduate and whilst I do not have a job yet, I am pretty far into my overdraft (due to rent from my third year, even though I had a…NatWest - Graduate Royal Bank of Scotland - Graduate. You must be 17+ and have been living in the UK for at least 3 years. Plus if you have our Student account you could get deals. Following the second year after. a. Tens of thousands of people who held a student current account with RBS or NatWest between 2002 and March 2016 are due to receive a refund of overdraft charges. You can’t have had a FlexStudent or FlexGraduate account on 31 July 2023. You can only hold a maximum of 1 Reward account in your name, and 1 joint names. Support centre. Graduate accounts are available for two years. We'll let you know that your bank account switch is complete. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 9. Does anyone know if Natwest let you increase the overdraft early if you call them?Current accounts. Welcome to Learning with NatWest. Good: - Interest-free overdraft is still high (£1,000) after three years. 31, which is still much cheaper than Lloyds Bank and TSB, as NatWest/RBS don’t charge a monthly overdraft fee. Just thought I'd get this out there, in case anyone here knows any students using NatWest for their student accounts. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. 1 Overdraft rates and fees This current account comes with an interest-free and fee-free Arranged Overdraft. Up to £2,000 in your 3rd year and any further years of. The Natwest Student Account offers a £500 interest-free overdraft in your first year, and then £2,000 for years two and three. Check out the repayment example in the table below. Offer - free tastecard for 4 years (worth £29. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 term two year one. 49% on overdraft interest, with changes taking effect by the beginning of April 2020. Students can a apply for up to £3,250 interest free from year three onwards*. 7. With the NatWest graduate account, you’ll retain access to an interest-free arranged overdraft for up to two years. You should receive about 1200. Overdraft amounts for the graduate account are £2,000 for the year after graduating, £1,500 after two years and £1,000 in your third year. You can apply for up to £1,000 interest-free arranged overdraft in your first year, up to £2,000 in your second year and up to £3,000 in your third year and onwards. Lending is subject to application and approval. Offer - free tastecard for 4 years (worth £29. Explore our overdrafts. RBS offer an interest-free overdraft of up to £2,000 (£500 in your first term). Students can a apply for up to £3,250 interest free from year three onwards*. 03. Manage your credit card. This is managed by parents and comes with a prepaid child’s debit card for kids aged 6-17. 28 July 2009 at 2:39PM. There are no fees, no charges and no interest to pay. Year 2: £2,000. grad account year 2: 1000. Always make sure you have enough money in your current account, or a. £2,000 £1,000 and £500 if you go over that they just charge you the usual overdraft rates. This could help you manage your money if: you have to cover short-term expenses; your income or outgoings vary from month to month; There’s no cost to set up an arranged overdraft on your account. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Even after however, they will likely decrease your overdraft amount. Be careful: if you say you have a job lined up in the summer, they may ask for a letter confirming this. Student satisfaction scores. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Available 24 hours, 7 days a week Credit cards. I applied for a Natwest student account a few days ago and got accepted. Subject to status and a full credit assessment. 9 million profit. Whether you're starting a side hustle or looking for tips to improve your. Manage your money, protect your goods. This is available in the first year of study and is intended to help students manage. The NatWest student account is designed to make your life in higher education a little bit easier. TSB – up to £2,000 overdraft in years 1 to 3. Hi all, Just need a bit of help. Open a bank account online - FAQs. The main thing I was excited for was the fee free overdraft, but I can't seem to be able to apply for it. Maximum overdraft in year 3: £1,500: At end of term: Account transferred automatically to graduate account: Overseas card transactions: 2. Understand arranged and unarranged overdrafts and their impact on your account. Mine is £1500 the first year as a graduate, reduced to £1000 in the second year. Graduate overdraft; Help with overdrafts . Yes, you can go into your local branch with your offer letter and they will extend your student terms by a year. :money: 2023 Mortgage-Free Wannabe #19: £8825. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. For anyone doing their PGCE - NatWest are offering student accounts with interest free overdraft and £100 cash for opening the account (they include post grads for student accounts). If you have savings, this could be easiest way to pay off your overdraft debt. At the moment, NatWest and RBS customers are charged up to 19. A student account only remains a student account for so long and you say it was. Graduate Current Accounts - Four Star. Those signing up with Santander can bag. If your application is approved,. Fraud & security. I have all my student finance sorted but like the idea of opening a student account to take advantage of the overdraft. From mobile, select ‘Overdrafts’ from your bank account menu, or click the ‘Your Overdraft options’ link. One of the most attractive features is the interest-free overdraft, which starts at £1,000 in the first year and increases to £3,000 by the third year, which is higher than most banks on our list. If you are an International Student then please start a thread and I can advise on your thread. That £2,000 facility will then reduce to £1,000 for a further 12 months. Natwest are crap, you can keep your student overdraft 1600 max I think for 5 years, then the 'graduate' accounts have about 500 free overdraft and that's it. Go in to your branch, and talk to a manager. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. didnt have a student account and tried at natwest, lloyds tsb and halifax but got declined at all 3. it was simply gradually restored back to positive as. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one, year one) with an. (variable) and higher than our balance transfer rate of 12. The interest free overdraft only lasts a year after graduation before it is reduced. Take control with the Barclays app. Also remember that overdrafts are technically repayable upon demand - the bank can give you 30 days notice and then you are legally required to repay them the outstanding balance. Finally, once you graduate, you’ll be automatically migrated to a Graduate Account,. Quoted from NatWest's website: If you hold a Student account and are graduating this year, we will be in touch to let you know we will be moving you onto a Graduate account in July/August. 99 per year)*. Similar account perks include the ability to pay on the move with Apple or Google Pay, online banking, mobile banking, and Paytm connectivity. Hi guys, I would like to know more about student bank account overdrafts, so I have come here for advise. a. You’ll have to pass a credit check to be approved for. Does Natwest allow you to have an overdraft on your student account. I was unaware until i received a letter informing me so, the machine had also swallowed my card a few days prior and my online service became unavailable. £21 - between our branches. The forms can be located via our general complaint form. I have had a natwest student account during my 3 years at university, and now that I have graduated I have received a letter saying it has been upgraded to a graduate account. Free 4-year National Express Young. Providing copies of paid cheques. Graduate accounts usually come with a 0% overdraft for at least two years. Video banking calls may be recorded and service hours may apply. With our Student Current Account, you can apply for an interest-free arranged overdraft of up to £1,500 in years 1 - 3 and up to £2,000 in years 4 – 6. Replacing lost or damaged cards. You could get a cash reward from £20 -. What I liked about the student account was that it had an interest free overdraft of £1250. You'll usually be. Invest up to £9k per child for the current tax year. east. Lloyds Bank joins the others in offering a cash bonus of £100, as long as you deposit at least £500 by 31 October 2023. The forms will ask you for the following details: Your full name. The NatWest student account is designed to make your life in higher education a little bit easier. Our Graduate Account is designed to help you make the transition from study to a career. The Arranged Overdraft limit you can apply for depends on what term and year of study you are currently in. 9% EAR (RBS), 17. Overdraft calculator. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. What Are Natwest’s Overdraft Interest Rates? If you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. I have a natwest student account, which I got when I first went to uni to do psychology. I have a natwest student account that has become a graduate account, which originally had a £2000 overdraft limit. Year 2 £1000 (interest free). 87 out of 5, suggesting a general satisfaction with the accounts. Student. 0. Eligibility criteria apply. 3. Up to £2,000 Interest-free arranged overdraft from year one (limited to £500 in your first term). I still have access to the £2,000 student overdraft (no fees), despite NatWest stating the account turns into a graduate account after leaving uni, with the overdraft dropping to £1,000 after a year, and presumably with associated fees. Upto October I had been putting what I could in to cover the charges I was getting because they "upgraded" me to a graduate account and interest was now bein. The arranged overdraft limit can be up to £510 for the first 6 months, than you can apply to increase it up to £1010 in your 7th to 9th month of studying, and from the 10th month you can apply to. Up to £3,250 interest free from year three onwards*. We no longer offer our Student credit card but our Student overdraft could give you a short-term safety net if you’re low on funds. There was no need to apply for an overdraft, you simply apply for an account give details etc. After you graduate, your student account will be automatically changed to a NatWest graduate account. Since then NatWest have been pushing me to get a student credit card and are adamant that I’d be accepted. Up to 15% cashback at some of your favourite retailers. But, unlike a student account, the limit reduces - typically every 12 months. This charge also applies to providing details of paid cheques. 75% fee for withdrawals abroad: Perks: £100 cash: £100 cash and a 4-year TastecardIf you decide to apply for an overdraft, that's when we run a full credit check. Your date of birth. It does state that after the first year the interest free overdraft zone would be cut to £1000, then the next year £500, then finally £0, but all the time offering the "Graduate Overdraft Repayment. Check your balance, send money and even earn rewards 1. uk Gift Card. From…Get £100 by opening an account and depositing at least £500 by 31 October 2023. 9% p. Use our overdraft calculator to work out how much your overdraft is costing you each month. You also get to choose from 3 excellent deals. stargazeypie Posts: 20 Forumite. Christa1 Forumite Posts: 286 Forumite. So it’s still significant, even if it is not quite on par. eruka Posts: 9 Forumite. Our app's Savings Goal Tool can help you work out how long, and how much, it'll take to reach a specific goal. You can usually find Cora waiting to help at the bottom right hand side of the screen, or in your mobile app by tapping on 'Help' followed by. This starts with up to £500 during your first term. Never had any problems with Natwest in that time. Business or Foundation Current Account to a Student Account. For example, the Lloyds student bank account offers an interest rate of 2% per annum for balances up to £5,000 and a sign-up incentive of £100. £21 - between our branches. NatWest Student Account. Search for 'NatWest Mobile Banking'. With graduation dates set and debts looming, it’s time to start thinking about your future and finance. 2. 30 May 2007 at 10:57AM. An overdraft is a form of borrowing and is repayable on demand. This means that, while you’re a student, you don’t need to pay any interest if you dip into your ‘arranged’ or ‘agreed. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. Fraudsters often concoct stories to try to persuade you to transfer your money to a. £100 cash for opening account: £100: NatWest: Year 1-3: £2,000: £80 cash and a four-year Tastecard:. NatWest and RBS will also be ending extra fees for using unarranged overdrafts, charging those customers the blanket 39. if you take out an overdraft of 500 from the bank the moment money from work or student finace comes in the bank takes back the overdraft you borrowed and then the process goes round in a circle once again. Santander: guaranteed £1,500 0% overdraft + free four-year railcard. See all fraud & security options;The way banks try to encourage this is to reduce the maximum 0% overdraft each year – the idea being that by the time the 0% ends, you’ll have paid it off. Minimum opening balance: £1: Minimum operating balance. boss. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. HSBC Student Bank Account. So you'll need a plan on how to pay it back, ideally before the. For example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first. Manage your loan. 81% (NatWest)) if they are. Student overdrafts do not incur any fees or interest for using the Arranged Overdraft. Having overdraft debt and savings may not make sense as you may be spending more on. EN. The 50/20/30 budgeting rule is a popular one to help keep you right. Overdraft available to NatWest student current account customers aged 18+. An overdraft is a form of debt and is repayable on demand. You’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. No fees for refusing a payment, going less than £10 over overdrawn or over your limit for 1 day during the month. All you need to do is specify the overdraft that you wish to apply for (this is the new full amount not just the increased or decreased amount). You’ll need to have a student current account as well, and be over 18. Assumed limit £1,200; Year 1: 0% EAR (variable) on the first £3,000, 19. Hey all So far iv used £310 of my overdraft with natwest Im starting my first year of uni on mon You know the £310 overdraft when would i fully have to start paying it back, i understand i can deposit amounts into the account to decrease the overdraft but say if i was to leave it at £310 for 3 years (last year of uni, total 4 years). 00% Account Fee. An arranged overdraft could be useful for short term borrowing. Original post by tigermoth99. Set up a standing order to save your money and consider turning on Round Ups to squirrel away the spare change (Eligibility criteria apply. Open a student bank account. Students in all other terms and years of study can apply for up to £2,000. N/A. Hi, I started uni in Sept 2018 and opened a Natwest student account that I am £2000 overdrawn on. 2. You’ll need to have a student current account as well, and be over 18. Book a NatWest Check-in. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant. Natwest Graduate Account - Railcard & Interest free overdraft. Their years start on the 1st July, so if you graduated the summer of 2004, then your £2000 overdraft lasts between 1 July 2004 to 30 June. It gives accepted newbies £100 and most get an ongoing £250 0% overdraft too. NatWest Student Account. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2. Unfortunately, for all other Natwest current accounts, overdraft have a representative APR of 39. Nationwide and Barclays have biggest overdrafts with up to £3,000 interest-free. Angelharpist. You need to let them know as it will also affect your graduate overdraft when/if you graduate as you're interest free limit will always reduce a year earlier. Have £500k minimum mortgage borrowing with us. 89% and a usage. including how long they will have to repay their overdraft with a graduate bank account. From cost of living pressures and student loans to socialising, mental health and beyond, our research can prepare you for both the opportunities and. Your overdraft limit will stay the same for another year. The Natwest student bank account comes with a £500 interest-free overdraft in your first year rising to £2,000 in years two and three. After you graduate, your student account will be automatically changed to a NatWest graduate account. The minimum overdraft limit you can apply for is £250. From then on your repayments are fixed at 9% of everything you earn above that threshold. 40 during 2020 as Covid took hold. A minimum £100k savings or investments held with us. 3. Features and benefits. Welcome to NatWest. Natwest have contacted me about my student account which will be automatically changing to a graduate account soon, and I have a year until my overdraft stops being interest free so definitely aiming to pay that off before they start charging interest. The maximum Student overdraft is £3,250. ². 9 July 2009 at 6:12PM. 9% p. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. We are taking steps to support our customers to pay more towards their credit card balance and manage their finances better. 3. The Tastecard gets you discounts at. I graduated in 2006 after completing a 3 year degree in the normal fashion In June 2007 i recieved a letter saying that on the 31st July 2007 my 'free' overdraft limit would be reduced to £1000. You’ll also earn interest at an agreed rate. NatWest’s student account has you covered with an interest-free arranged overdraft account—the fundamental element of any good. 5% interest and cashback at certain retailers. Monzo, in order to attract the younger generation to completely switch accounts from your traditional Barclays, HSBC etc will have to offer free overdraft facilities for students up to £3,000. Manage your home insurance. To apply you must be 18+ and resident in Jersey, Guernsey, Gibraltar or the Isle of Man. Use of your account For any 1I2I3 Graduate Current Account opened on or after 26 June 2017, the account will last up to 2 years before it automatically transfers to an appropriate current account. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. Wel I'm a current (well finished really) undergrad. I transfered from psychology to do a different degree course after doing one year. Ready to apply. Students studying medicine, dentistry, law, accountancy, pharmacy, optometry, physiotherapy and veterinary science can apply for an interest-free overdraft limit of up to £3,000. Consider bankruptcy. Students also have the option to request an interest-free overdraft of up to £500 in their first term which can be increased to £2,000 in. A video chat with one of our friendly senior personal bankers could help you review your money situation. Then standard rates apply. Please Help. › Student MoneySaving. But the good news is that you can still apply for a NatWest Select Account, which is a great choice in its own right. City. When you graduate, we'll gradually. 99 per year)*. i was informed over the telephone that due to me graduating several years earlier i was no longer entitled to the graduate. Overdraft subject to eligibility. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. We would like to show you a description here but the site won’t allow us. I have a natwest student account that has become a graduate account, which originally had a £2000 overdraft limit. Hi everyone, I'm going into my 2nd year of uni now and I'm looking to get a student account, Natwest seems to be the best as they offer a £2000 overdraft along with other perks for joining. Interest Rate (AER) 0. Help with registering on the app. I currently have £0 deposited…WVL. 50 per transaction abroad: 2. Many banks expect students to repay their overdraft in £500. NatWest Student Account offers competitive overdraft limits and perks compared to other student accounts, such as HSBC and Santander. I have a Natwest Student account with £1400 Overdraft at its limit! I just Graduated This Year and have been told that my account will be changed to a Graduate Account. However pretty much all overdrafts are repayable "on demand" so theoretically Natwest can ask for it back at any time. July 1st of following year and the overdraft is not reduced, only the amount that is. Must be 18 or over and living in the UK permanently. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. you may apply for a basic Natwest student account. Top graduate accounts: HSBC – up to £3,000 overdraft in year 1. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 from term two year one. Open a student bank account. That £1,000 facility will then either be removed, or revert to bearing interest. Halifax Student Current Account. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. Students have faced a mixed picture on their monthly rental and accommodation spending since 2018, with the pandemic disrupting a steady increase. I still have access to the £2,000 student overdraft (no fees), despite NatWest stating the account turns into a graduate account after leaving uni, with the overdraft dropping to £1,000 after a year, and presumably with associated fees. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. NatWest vs Santander student accounts. . This offer applies to applications received in branch or online from 1st August to 22nd September 2023. Save money in a tax efficient way. Top-pick student bank accounts. With the NatWest graduate account, you’ll retain access to an interest-free arranged overdraft for up to two years. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian český русский български العربية UnknownArranged overdrafts are designed for short-term borrowing, and you're only charged for the amount you use. 03. Only individuals who have a NatWest account and authorised access to Online Banking should proceed beyond this point. NatWest’s new 2023 student banking offer includes: £100 cash welcome gift, transferred directly into your account. The aim is to cut the interest cost – which for many totals £100s a year – making the overdraft easier to clear. 6. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. 9%-49. All Banking. Always use a safe way to pay. (variable) up to 18.