Student Current Account

Student Current Account. Awesome if you’re going places.

Put opening a Halifax Student Current Account at the top of your uni to-do list.

Available if you’re aged 18 or over, and on a degree course or equivalent full time education.

What do I get with a Student Current Account?

  • An interest-free arranged overdraft up to £1,500 for the length of your course plus 3 years after you graduate. (Overdrafts are repayable on demand and subject to status)
  • Earn up to 15% cashback when you spend using your debit card. Just register for Online Banking and activate Cashback Extras. Merchant offers and cashback amounts vary
  • Save the Change® - round up your card payments and put the change in your Halifax savings account
  • A contactless Visa debit card
  • No monthly fee for maintaining the account
  • Credit interest on any credit balance 0.10% AER (0.10% gross) variable. Interest is paid monthly

It also comes with useful tools to help you stay in control:

  • Manage your money 24/7 online, by phone or in branch
  • Access to our highly rated app. You can view pending transactions, freeze your card and see the location of transactions
  • Mobile alerts are a simple way to stay on top of your money without having to think about it

Arranged overdraft information

  • An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
    Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use it.
  • Applying for an arranged overdraft – When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
  • Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Online Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. Using an arranged overdraft increases your overall borrowing and may affect your credit score.
  • Helpful tools - You can use our cost calculator to calculate the cost of an arranged overdraft.

If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.

All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.

Representative Example

A variable representative rate of

A variable interest rate of

Based on borrowing

A variable representative rate of

0% APR

A variable interest rate of

0% EAR*

Based on borrowing

£1,200

This example assumes you are in the second year of your studies

How does our overdraft compare?

You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

£0 for 7 days

£0 for 30 days

£0 for 60 days

Useful tools

You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. Check your eligibility and calculate the cost of an arranged overdraft:

Cost Calculator Eligibility Tool

Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.

*EAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. 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. This interest rate does not include any other fees and charges.

Find out more about arranged overdrafts

If you already have a current account with us and would like an arranged overdraft, you can apply for one through Online Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft too.

Apply for an arranged overdraft

 

How to open a Student Current Account

To apply for this account you’ll need to be aged 18 or over and on a degree course or equivalent full time education.

Apply for a new account

You can complete your application online, or you can visit a branch with the following:

  • Your 4 digit UCAS code confirming your place for your course (you can find this when you log in to the UCAS portal)
  • Proof of ID, such as a current passport or photo driving licence (full or provisional)
  • Proof of address, such as a utility bill or bank statement (such as a utility bill dated within the last 6 months)

Apply for a new account

 

Change your existing Halifax bank account into a student account

Simply sign in to your Online Banking. The link below will take you to the start of the application.

  • We’ll ask you for your 4 digit UCAS code
  • Your sort code and account number won’t change

Sign in to change account

 

For more information and terms & conditions for this current account read the Bank Account Getting Started Guide (PDF, 1.07 MB).

For more information about the fees associated for Payment Services with this account please see the Fee Information Document (PDF, 137 KB).

 

 

Student current account card

  • A student current account is essentially a bank account designed for anyone who is in higher education. Whether you’re studying at university or as an apprentice, a student current account can help you manage your everyday finances.

    With most student current accounts, you can apply for an interest-free arranged overdraft to provide you with additional financial support when you need it.

  • There are a number of benefits to student current accounts. In most cases having access to an interest-free arranged overdraft can help lessen your financial burdens whilst you study. Of course, it’s important that you make yourself fully aware of any fees and charges that might come into place once you graduate. Depending on the bank you choose to apply with, some student current accounts also come additional benefits such as discounts at popular retailers.

  • If you’re moving use our branch finder to locate your nearest branch. Also make sure you let us know your new address if you already hold any account with us.

    We’re here to help right the way through your studies and when you graduate you’ll get the same offers and features of this account for up to 3 years. After, we’ll move you over to our Current Account. But don't worry, we’ll write to give you two months' notice before your account changes.

  • We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

    For more information and FAQs, please read the Account Switching Guide (PDF, 1.68 MB).

    Current Account Switch Guarantee

  • Find out how fraud can harm you and what you can do to stop it:

Current Account Switch Service

For more information and FAQs, please read the Account Switching Guide (PDF, 1.7 MB).

Halifax bank accounts and services are subject to status.

AER stands for annual equivalent rate and shows what the interest rate would be if interest were paid and compounded each year. In other words you earn interest on the interest you leave in your account.

Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.

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