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 an extra year after you graduate, up to a maximum of 6 years in total. (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. This application won't 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.
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