Student Additions overdraft
Need help to tide you over?
A student overdraft 1 2 could help until the money starts coming in. It's the flexible way to borrow.
From 16 June, we’ll no longer be charging interest on our overdrafts. Instead, there will be a simple daily fee – with interest-free overdrafts becoming fee-free amounts, meaning you won't be charged providing you don't borrow more than that amount. Read more about this change
If you hold a Student Additions account, you can apply for:
- Up to £2,000 interest-free while studying at university depending on circumstances, with £200 interest-free available when you open your account subject to application and status
- An extension on your overdraft 1 up to £3,000 at the preferential rate of 8.9% per annum (variable)
- Overdrafts are only available to UK resident students
- Representative example:
Up to £2,000 – 0% interest per annum (variable)
Over £2,000 and up to £3,000 – 8.9% interest per annum (variable)
Subject to status 1
1. Overdrafts and Personal Reserves are subject to status and application so the amount offered may be different to that shown on the example. All borrowing is repayable on demand. For full details, see our Student overdraft