Higher Education Account

Student accounts
  • No monthly account fee
  • Contactless debit card
  • Fee-free overdraft up to £1,500 1 , depending on year of graduation Daily overdraft fees are charged on your overdraft balance. If you go over the fee-free amount, you’ll be charged on the whole balance of your arranged overdraft as follows:

 

Representative example:
Fee-free overdraft up to £1,500 (subject to application and status) while you stay within that limit.
For your 1st year after graduation: Up to £1,500 fee-free. If you use an overdraft of £1,800, you will be charged 50p a day when you use it. Lower fee-free limit applies in 2nd year.

 

Smart banking to get you going

  • Register for Online Banking , Telephone Banking and Mobile Banking
  • Get Free Text Alerts about your account to your mobile
  • A network of more than 1,500 branches
  • Contactless debit card to make payments easier and faster (subject to status)
  • Apply for an overdraft up to £1,500 fee-free in your first year after graduation and up to £1,000 fee-free in your second year after graduation.
  • Daily overdraft fees are charged on your overdraft balance. If you go over the fee-free amount, you’ll be charged on the whole balance of your arranged overdraft as follows:
    Daily fees are charged on the whole balance of an arranged overdraft above the fee-free limit. The daily fees are as follows:
    Over £1,000 and up to £2,000 - 50p per day
    Over £2,000 - £1 per day
    The maximum arranged overdraft is £3,000

Representative example:
Fee-free overdraft up to £1,500 (subject to application and status) while you stay within that limit. For your 1st year after graduation: Up to £1,500 fee-free. If you use an overdraft of £1,800, you will be charged 50p a day when you use it. Lower fee-free limit applies in 2nd year.

All benefits are subject to terms, conditions and exclusions. Please read the policy documents to ensure you know what's covered and what's not.

Why do I need to show ID?

In short, because of government regulations. We're legally required to verify who you are and where you live before we can open your account. To do this, you'll need to take 2 original documents (not photocopies) from the lists below into any branch.

To confirm who you are, we need 1 of the following:

  • Full passport
  • European Union member state Identity Card
  • UK Photocard driving licence or UK full paper driving licence
  • UK Armed Forces ID card

To confirm where you live, we need 1 of the following:

  • UK photocard driving licence or UK full paper driving licence with current address (if you haven’t already used this to prove who you are)
  • Gas bill that’s less than 3 months old
  • Water bill that’s less than 3 months old
  • Telephone bill that’s less than 3 months old (mobile phone bills aren't acceptable)
  • Local authority or council tax bill issued within the current financial year
  • Bank statement from another bank that’s less than 3 months old (internet statements aren't acceptable)
  • UK credit card statement that’s less than 3 months old (internet statements aren't acceptable)

If you’re applying for a graduate account, we also need to see proof that you’ve completed your studies, such as your degree certificate.

If you have any questions about the documents you need, including other options available, please speak to a Personal Banker at any of our branches.

If you have an existing student account with Barclays your account will be automatically upgraded to the Higher Education Account, provided that you:

  • Are 18 years of age or older
  • Have completed your full-time higher education within the past 3 years
  • Are a resident of the UK  2

 If you don’t already have an account with us, you must meet the criteria above and will also need to:

  • Be in permanent employment or have a firm job offer (minimum 6-month contract)
  • Provide a degree certificate granted within the past 2 years

For the purpose of the student package, your graduation date is taken to be 30 June of the final year of your course. The end date of the graduate package is 26 June 6 years later for the Higher Education Account. For example, if you graduate in June 2013, you’re entitled to the graduate package of benefits until June 2015 for the Higher Education Account. If you graduate in September 2013, you’re entitled to the graduate package benefits until June 2015 for the Higher Education Account.

This could suit you if:

  • You'd like an overdraft
  • You want an account with no monthly fee
  • You're a recent graduate

See our alternative accounts if:

  • You're not a recent graduate
  • You'd like extra benefits

Apply for the Higher Education Account

  • Apply for your account at your local branch
  • Remember to take your ID with you
  • Use your account within 7 working days
  • Learn more about applying in branch

Consumer Moneyfacts Awards 2013 – current accounts

We’re pleased to announce that we won Student Account Provider of the Year.

We were also nominated for 6 other awards, including:

  • Online Banking Provider of the Year
  • Current Account Provider of the Year

 

Read more about the Moneyfacts Awards and nominations

Looking for alternative accounts?

Graduate Additions account – Graduate Additions is the account with added extras

 

Important information

1. Overdrafts 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. The fees shown here are variable, which means we can change them – although we will let you know before we do this.
 
2. A UK resident is required to have 3 years’ address history.