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Once individuals provide the information and agree to the terms and conditions, they need to wait for an approval email stating that their request for a student account is accepted. The student will then enjoy the perks of a Santander student's current account in due time.
A Santander student’s current account provides appealing facilities. It offers discounts on rail fares as well as an overdraft facility. However, a student must meet eligibility criteria to create a student’s current account. They must also pay 500 pounds per academic year to enjoy offers provided by a Santander student account.
What Does a Santander Student Bank Account Offer?
A 1|2|3 student current account in Santander offers a variety of student-friendly advantages. It comes with a four-year railcard that allows students to enjoy a significant amount of discounts on rail fares. Additionally, up to 15% off on patterned retailers.
Santander also gives interest to its account holders on balances of 300 to 2,000 pounds. Also, the account comes with a free-of-cost debit card (which can be used globally) and overdraft facilities. It also allows students to send and receive money internationally. Furthermore, the online banking facilities available for students allows them to take advantage of offers provided any and everywhere.
Who is Eligible for a Student Account in Santander?
To open a student’s current bank account in Santander, an individual must be 18 or above. Other than that, a permanent resident of the United Kingdom. They must also be already enrolled in a university. Or at least they must have either an unconditional offer or a confirmed conditional offer for a reputable university. Furthermore, the student must be studying or starting at least two years-long undergraduate courses. Or, being enrolled in a level 4-7 apprenticeship.
Also, if a student has an active Santander current bank account, they will need to transfer their account to a 1|2|3 student account for their student account to be the primary account. All these conditions are in place to create a current student bank account at Santander. So it can be transferred into a graduate account after some time.
How to Apply for a Student Account Online?
The process of opening a student’s current account in Santander is reasonably quick and straightforward. It only takes up to 10 minutes online. An individual must fill in an application form that firstly asks for an active email address and a working phone number.
Then it asks for an address history of at least three years. The application also requires an individual to provide valuable evidence of their status as a student. Here, an image of a Student Identity Card and a letter of confirmation by the university indicating admission to the job.
Finally, the form asks for all the relevant information regarding incoming and outgoing payments that the student is currently making. Once individuals provide the information and agree to the terms and conditions, they need to wait for an approval email stating that their request for a student account is accepted. The student will then enjoy the perks of a Santander student’s current account in due time.