Students can apply for up to £3,250 interest free from year three onwards. All data provided by TransUnion. I have searched my bank's website, but its…A student overdraft is a financial arrangement offered by banks to students in the UK. The forms can be located via our general complaint form. Maximum Arranged Overdraft limit allowed (subject to approval): If you're a student in the first term, of your first year of study, you can apply for up to £500. Which account offers the best interest-free overdraft? All the student accounts we looked at offer an interest-free overdraft, but the limits varied depending on the provider and the duration of the course. If you're eligible for an overdraft and for what amount depends on the results of the full credit check. I had a 1400 overdraft with Natwest (old student account) and never went over this or had any. Your rate depends on your personal circumstances, loan amount and term and may differ from this Representative APR. No Charge. It costs £680, but means any money you owe will be written off. * From 2nd October 2023, those who graduate in 2022 and 2023 can apply for up to £3,250. Only one cash offer is available per customer. Reply 12. As you changed your work status to ‘graduate’, that means you could be eligible for an overdraft between £250 to £2,000. However pretty much all overdrafts are repayable "on demand" so theoretically Natwest can ask for it back at any time. To be eligible they need to sign up for online banking and select to receive paperless statements. You must be a UK resident aged 16+. Debt is never a good thing, but a student bank account overdraft is an excellent buffer to keep up your sleeve, in case of. Your actual credit limit and APR may vary depending on our credit assessment of you. Mine is £1500 the first year as a graduate, reduced to £1000 in the second year. A big difference between a savings account vs a current account is how often you access your money. But from late March or early April this will change across seven current accounts offered by both banks – the flat fee will be scrapped, and the interest charged will vary from 19. A student overdraft (much like a ‘normal’ overdraft) is effectively a mini loan designed to see you through times when you need a little extra cash to make ends meet. Having overdraft debt and savings may not make sense as you may be spending more on. £2,000 £1,000 and £500 if you go over that they just charge you the usual overdraft rates. There are no fees, no charges and no interest to pay. Account holders are able to access the HSBC 5. Up to £2,000 Interest-free arranged overdraft from year one (limited to £500 in your first term). One of the most attractive features is the interest-free overdraft, which starts at £1,000 in the first year and increases to £3,000 by the third year, which is higher than most banks on our list. 0% on purchases for 3 months from account opening. You'll find overdrafts of up to £3,250 are available with many student accounts, but how much you actually get depends on your credit rating. Welcome to Learning with NatWest. For example, if you have no money left in your account and you spend £30, your balance would be -£30. The NatWest Student Living Index 2023 gives you the full lowdown on higher education in the UK. About NatWest Thrive. NatWest will notify you about this ahead of time and it doesn’t require any action on your part, so it’s an easy transition. Find out more. I have 2 small kids and my husband supports us all financially but with the rising costs of just about everything, it would be nice to have it there for emergency purposes!! The only. However, it’s worth noting that, unlike student bank accounts, this overdraft will charge interest, meaning you’ll end up repaying more than you borrow. You’ll need to have a student current account as well, and be over 18. Royal Bank of Scotland. You can also take advantage of no fees on overseas spending. RBS’s 0% overdraft has a high ceiling of £3,250 by your third year and the chances of obtaining it (eventually) are quite high. From then on your repayments are fixed at 9% of everything you earn above that threshold. ›Budgeting & bank accounts. boss. . 49%. Compare Cash ISA accounts. 49% APR (variable)To apply for FlexStudent. I have all my student finance sorted but like the idea of opening a student account to take advantage of the overdraft. a full-time post-graduate course;. We cover this in more detail later. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. e took out of your overdraft). To qualify for the NatWest Account you must be: Aged 17 or over; A UK resident;. They may also share this with other organisations. You'll have to. 3. Business account fraud Overseas: +44 345 711 4477. * Eligible students in third year onwards can apply for up to £3250 from 2nd October 2023. 31, which is still much cheaper than Lloyds Bank and TSB, as NatWest/RBS don’t charge a monthly overdraft fee. Invest on behalf of children aged 14 and under. 4 year tastecard – to be used for meals out, discounted cinema tickets and shopping offers. Taking a step back and looking at your finances could really help you to feel in control and stay on top of your spending. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. We would like to show you a description here but the site won’t allow us. ². For the security of customers, any unauthorised attempt to access customer. This is important, as you may be charged interest if you use a certain amount of your overdraft. Benefits of the NatWest Student Account. protect you and comply with laws – we must share information about how you manage your account, like payments made in, your balance, credit limits and any missed loan payments. if you take out an overdraft of 500 from the bank the moment money from work or student finace comes in the bank takes back the overdraft you borrowed and then the process goes round in a circle once again. We no longer offer our Student credit card but our Student overdraft could give you a short-term safety net if you’re low on funds. Natwest advertise as part of their student account a free student rail card for 5 years. Step by step guide to Alerts. You can select how you wish to receive Act Now Alerts and switch them on and off through Online Banking or the Natwest. Card payment support. more info here. Replacing lost or damaged cards. Here’s why you want a Student Additions Account. I have a natwest student (or could be graduate by now) account as my main current account. You need to let them know as it will also affect your graduate overdraft when/if you graduate as you're interest free limit will always reduce a year earlier. The minimum overdraft limit you can apply for is £250. (variable) up to 18. A student overdraft is not free money – it’s a loan that you'll need to pay back, ideally before the interest kicks in. Halifax Student account: NatWest Student account: Apply: Anytime during studies: Anytime during studies: 0% overdraft years 1-3: Up to £1,500: Up to £2,000 in year 1 Up to £3,250 in year 3 : Overseas use: Up to £1. If a seller tells you they can’t accept a card payment and asks you to send them money directly don’t do it, it could be a scam. Overdraft calculator. For example, the Lloyds student bank account offers an interest rate of 2% per annum for balances up to £5,000 and a sign-up incentive of £100. From time to time NatWest has a cashback offer for students which you might be able to take advantage of too. Offer T&Cs apply. I graduated in 2006 after completing a 3 year degree in the normal fashion In June 2007 i recieved a letter saying that on the 31st July 2007 my 'free' overdraft limit would be reduced to £1000. 81% (NatWest)) if they are. I was unaware until i received a letter informing me so, the machine had also swallowed my card a few days prior and my online service became unavailable. Usually at this point your "graduate" account will be converted to the bank's standard current account. 89% interest on arranged overdrafts, as well as a £6/month flat fee on most accounts. They turned my interest free overdraft, into an interest free loan. Your Student account will automatically change to a Graduate account, and you can continue to use your card, online banking and mobile app as usual. Fee free. Use our overdraft calculator to work out how much your overdraft is costing you each month. The account offers an interest free overdraft of up to £2000 after the first term and access to the market. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be optimally indexed by Google via AI and sorted into the right category for over 500 million ePaper readers on YUMPU. 9 million profit. 99 per year)*. In year one it can be up to £1,000, then £2,000 for year two and £3,000 for year three and beyond. Consider bankruptcy. On your mobile or tablet, go to the App Store if using Apple or Google Play if using Android. Clearing your student overdraft debt. 9% EAR variable Does Natwest allow you to have an overdraft on your student account. . If you have savings, this could be easiest way to pay off your overdraft debt. 99 per year)*. Bank whenever and wherever you want, and use our tools to help you stay on top of your finances. The Graduate account can have an Overdraft of £2000 but only if you ask for it to be increased. You can arrange a transfer from overdraft to credit card with a money transfer credit card. Top-pick student bank accounts. Personal accounts. A. I understand that I need to register to online banking and select Paperless Statement in order to get full access to our student benefits. NatWest Online Banking is easy, secure and lets you do all the things you need to do to manage your money online. stargazeypie Posts: 20 Forumite. After you graduate they will reduce the arranged overdraft gradually, so you have to find the account before this happens else you will pay interest and maybe fees. 28 July 2009 at 2:39PM. Graduate accounts usually come with a 0% overdraft for at least two years. I have both a Barclays and Natwest student account, even though I have banked with Barclays since 2003, I found Natwest so good with students. The new NatWest and RBS student account will provide students with discounted coach travel for 4 years. Save money in a tax efficient way. I already had an early student bank account so had a £200 overdraft, I then went and applied for the £500 overdraft when my university place was confirmed. 2. You can ask HSBC to increase this limit up to £2,000 in. Late fees apply. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. Alas, all good things must come to an end. Book a Financial Health Check. Specific account eligibility criteria applies. Natwest Graduate Account - Railcard & Interest free overdraft. What Are the Benefits of Natwest’s Overdraft. ##. Over the next five years through NatWest Thrive, we want to help 1 million young people improve their financial wellbeing so they can feel more confident about their future. NatWest Graduate Account Interest-free overdraft. Your balance transfer must be at least £100. I still have access to the £2,000 student overdraft (no fees), despite NatWest stating the account turns into a graduate account after leaving uni, with the overdraft dropping to £1,000 after a year, and presumably with associated fees. NatWest Student Account. Student. So did that last week and literally in the last hour or so my account has changed online to a. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. I still have access to the £2,000 student overdraft (no fees), despite NatWest stating the account turns into a graduate account after leaving uni, with the overdraft dropping to £1,000 after a year, and presumably with associated fees. Current accounts designed for you. 28 July 2009 at 2:39PM. an overdraft is basically borrow money from the bank. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian český русский български العربية UnknownArranged overdrafts are designed for short-term borrowing, and you're only charged for the amount you use. Hi, I have a student bank account with Natwest. Take control with the Barclays app. I had been banking with Lloyds TSB since I was 14, I am now 21 and have recently applied for a student account. App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries. A fee-free arranged overdraft cap of up to £1,500 in years 1-3, £1,800 in year 4, and £2,000 in year 5. When do I have to pay back the overdraft? Once you have completed your studies, the bank may transfer the account onto a graduate account. 30 May 2007 at 10:57AM. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 9. How graduate bank accounts work. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're. 99%: Overseas cash withdrawals: 2. 2. As a postgraduate student, you’ll be responsible for managing your own student finances. I'm a recent uni graduate and whilst I do not have a job yet, I am pretty far into my overdraft (due to rent from my third year, even though I had a…NatWest - Graduate Royal Bank of Scotland - Graduate. 0% interest. Must be 18 or over and living in the UK permanently. If you absolutely can’t pay off your debts then bankruptcy might be for you. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Online Banking. Quoted from NatWest's website: If you hold a Student account and are graduating this year, we will be in touch to let you know we will be moving you onto a Graduate account in JulClick the link here to sign up for a Natwest student account. 49 per cent, the first year after they graduate their interest-free buffer will shrink from £2,000 to £1,000. Available to over 18s only. 50% AER variable on your balance. Act Now Alerts. Student satisfaction scores. To earn £5 rewards, you earn £4 a month back in rewards for 2 or more Direct Debits (at least £2 each) and an additional £1 a month back in rewards with 1 mobile app log in. Manage your bank account; MyRewards; Apply for an overdraft; Manage your overdraft; Mobile Banking; Log into Natwest Membership Services ; Overdraft cost calculatorFor example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first year after university, but it reduces each year after. You need to: be 18 or over. You could get: £1,400 in your 1st year. £100 cash and free 4 year tastecard sign-up offer. You can apply for up to £1,000 interest-free arranged overdraft in your first year, up to £2,000 in your second year and up to £3,000 in your third year and onwards. It works by dividing up what money you have coming in and then breaking it down into how you’ll spend it: 50% on essentials, 30% on nice-to-haves, and 20% to savings, as a guide. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. Lloyds Student account: Barclays Student account: NatWest Student account: Apply: Anytime during studies: Anytime during studies – though only first year students get the perk: Anytime during studies: 0% overdraft years 1-3: £500 in term 1Up to £1,500 for years 1-3: Term 1: Up to £500 Year 1: Up to £1,000 Years 2 & 3: Up to £1,500:. Make student life easier with our Student Current Account. Bank of Scotland* £95. While NatWest doesn't charge student borrowers its new overdraft rate of 39. The main thing I was excited for was the fee free overdraft, but I can't seem to be able to apply for it. 9%-49. How to set up a repayment plan Our App is available to personal and business banking customers aged 11+ using compatible iOS and Android devices. That £2,000 facility will then reduce to £1,000 for a further 12 months. Both UK and international students can open a student bank account through Natwest. Classic Account, Silver Account, Gold Account, Platinum Account, Premier Account (including all Vantage options), Student Account, Graduate Account, Reward Current Account, Ultimate Reward Current. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. Angelharpist. Always make sure you have enough money in your current account, or a. Manage your car insurance. Subject to status and a full credit assessment. It allows you to withdraw more money than is in your account. Usually, the main benefit is an interest-free overdraft. Those signing up with Santander can bag. you will get charged, and then charged interest on it until you come back within your limit. Quoted from NatWest's website: If you hold a Student account and are graduating this year, we will be in touch to let you know we will be moving you onto a Graduate account in July/August. Graduate student and student overdraft. My advice is to go into a branch and ask them about the different accounts available to you before doing anything too hasty. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 term two year one. 75 * 0. Representative 0% APR (variable) Buy Now Pay Later is a credit product. 9. 65 a day. 01. not have a student account, or a current account with an arranged overdraft, with another building society or a bank (though you may be able to switch either to Nationwide) have been accepted onto a full-time UCAS course of at least. If your request is successful, we will confirm our decision and add the. I need some advise as I've been driving myself crazy wondering what is going on. Finally, once you graduate, you’ll be automatically migrated to a Graduate Account,. earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Natwest Finance Graduate 2024; I’ve been scammed; Cifas removal. The 50/20/30 budgeting rule is a popular one to help keep you right. Everytime I go into online banking they are advertising it to me, on the mobile. Earn up to 15% cashback (you need to register for online banking and activate Cashback Extras ). NatWest / RBS: up to £3,250 0% overdraft. You can then select My Overdraft. If you are an International Student then please start a thread and I can advise on your thread. N/A. No monthly fee. After university I upgraded by Natwest Student account to their Graduate one, which entitled me to extend my interest free overdraft to £2000. Compare our current accounts. £23 - between banks. If you have a FlexOne, you’ll only be able to apply for an arranged overdraft. Prior to the account switch you should receive an email or letter detailing: - the changes to your account. Usage our overdraft expense calculator to acquire an thoughts of how much it costs toward use an overdraft across our range of accounts. So it’s still significant, even if it is not quite on par. I had paid it off in the time scale specified and then they changed it to a Select account, where I would be charged if I went into my overdraft again. you may apply for a basic Natwest student account. All Banking. Natwest are crap, you can keep your student overdraft 1600 max I think for 5 years, then the 'graduate' accounts have about 500 free overdraft and that's it. Cash ISAs. Co-Op does not have a "graduate account", so if you graduate after 3 years, the student account is supposed to be extended for 12 months after graduation, then the overdraft is set at 0 unless otherwise prearranged. From cost of living pressures and student loans to socialising, mental health and beyond, our research can prepare you for both the opportunities and. I'm going into my second year of uni and it says on Natwest website that you can extend the overdraft to £1,250 in your second year. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. However, lying to your bank may cause them to revoke the overdraft, leaving you really really stuck. You can usually find Cora waiting to help at the bottom right hand side of the screen, or in your mobile app by tapping on 'Help' followed by. Yeah its interest free. Payments OpenClose. You will then be able to view your monthly interest charges so far. Year 2 £1000 (interest free). So you won't be able to increase the interest free part up to £2000 but your current £1250 will remain interest free for the next year. NatWest Online Banking is easy, secure and lets you do all the things you need to do to manage your money online. This is a guide to what NatWest offer Students for 2008/09. For starters, this account comes with the option of an overdraft. 2 January 2013 at 7:57PM in Budgeting & bank accounts. Despite having graduated in '06, I still have a £1,000. 9% EAR (variable) thereafter, giving a representative rate of 0%. Up to £1,700 in your 2nd year. amend the limit on any arranged overdraft (and that overdrafts are only available to applicants aged 18 years or over). There may also be limits depending on what year of study you’re in. Top graduate accounts: HSBC – up to £3,000 overdraft in year 1. It depends on the area but I know my bank were surprised to hear I wasn't into my overdraft as a student and described it as unusual. reply. I transfered from psychology to do a different degree course after doing one year. play button. MMC for Current Account with Control is £20, Student Current Account £40 and Cardcash Account £30. Assumed limit £1,200; Year 1: 0% EAR (variable) on the first £3,000, 19. You can apply for up to £3,250 interest free from year three onwards*. If you've graduated recently, see if you can ditch and switch your account to save £100s in interest. Video banking calls may be recorded and service hours may apply. Features and benefits. For example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first. Your overdraft will be reviewed, probably, when you leave University. Invest up to £9k per child for the current tax year. What you can't see, you can't spend. Unfortunately, for all other Natwest current accounts, overdraft have a representative APR of 39. Help with registering on the app. 9% EAR on overdrafts of over £1,500. For example, Natwest have said that i need to deposit £750 every 3 months. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Graduate accounts do not charge the Arranged Overdraft Usage Fee but interest may be charged (9. 50 per transaction abroad: 2. Graduate bank accounts are designed as a stepping stone to give you some time to pay off your overdraft without interest before entering the big bad world of regular fee-charging overdrafts. Support centre. NatWest Student Account - Apply online only. Reply 5. Log in to NatWest Online Banking. Yep totally free, I graduated and extended it to £2000, then it was reduced to £1000 after 1 year. An Unarranged Overdraft is when you spend more money than you have in your account and you haven’t previously arranged an overdraft limit with us, or have gone over your existing limit. 9% EAR variable. Yeah they reduce the interest free overdraft over three years once you've graduated. HSBC Student Bank Account. After you graduate, your student account will be automatically changed to a NatWest graduate account. If you want to reduce your limit, your current overdraft balance must be within your new requested limit. Arranged overdraft of up to £1,500 interest free (subject to application, financial circumstances, borrowing history and lending criteria) Now available to Higher Apprentices (Level 7+)Persistent credit card debt, also known as long term credit card debt, applies when you’ve paid more in interest, fees and charges than you’ve paid back on the amount you’ve borrowed over an 18 month period. NatWest Student. Use of your account Your 1I2I3 Graduate Current Account will last up to 2 years before it automatically transfers to an appropriate current account. have been a UK resident for 3 or more years. Now, I'm in my first term, and running low on cash. Whether you're starting a side hustle or looking for tips to improve your. uk Gift Card. So pay off your overdraft with your savings and you're about £190 per £1,000 up each year. Year 1: £1,500. Different Kinds of Natwest International Student Accounts offered. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. You’ll need to have a student current account as well, and be over 18. Your account number, sort code and debit card will stay the same. Students also have the option to request an interest-free overdraft of up to £500 in their first term which can be increased to £2,000 in. And yes atleast £500 has to enter your account at the end of each uni term (3-4 months) regardless of how much you spend. Many banks expect students to repay their overdraft in £500. The Royal Bank student account makes things easier. A student bank account is a current account that’s designed for people in higher education. i. Make sure you have selected the account you wish to make the payment from. A link will pop up, tap this, and you’ll be taken straight to download the app. Other loan amounts are available at alternative rates. Sometimes, it helps to speak to an expert. To remove the block, navigate to the same page and unselect ‘Gambling Transactions’. NatWest Student Account 2008-09: A Guide The student account is available from June 9th to October 31st 2008. From mobile, select ‘Overdrafts’ from your bank account menu, or click the ‘Your Overdraft options’ link. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. Start with just £50 and top-up with as little as £10. Have £500k minimum mortgage borrowing with us. Does Natwest allow you to have an overdraft on your student account. What is the interest rate on a NatWest student graduate account? Representative 39. I have searched my bank's website, but its… When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. Credit reference and fraud prevention agencies use your information because they have to prevent fraud and money. Remember an arranged overdraft is a borrowing facility that you are responsible for repaying should you use it. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. Hi, I'm currently a university student, with a Natwest student account, which allows me a free overdraft of around £1600. natwest have reduced the overdraft charges though, so you wont be raped so badly. This comes with a debit card and is managed by the child. Smarter banking for your life after uni. You’ll need to have a student current account as well, and be over 18. Hi, I'm currently a university student, with a Natwest student account, which allows me a free overdraft of around £1600. Easily use our mobile banking app. Best student accounts 2023/24. Whether you’re still in the idea phase or looking to grow your business, we could help you confidently take your next steps. What Are Natwest’s Overdraft Interest Rates? If you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. Available 24 hours, 7 days a week Credit cards. usually two years after you graduate. 5% interest and cashback at certain retailers. NatWest vs Santander student accounts. Switch to First Direct. my account is with natwest for my student banking and it turns out they have been charging me interest since june at least on my overdraft. Current accounts - NatWest. NatWest – 4%. This means you’re using an overdraft. You’ll have to pay about 3 to 4% of the amount you’re transferring, but what you owe will move onto the card at 0% interest. There are larger overdrafts with some other student accounts. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. You can also set up alerts by calling us or talking to us at your local branch. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. Postgraduate Bank Accounts (UK Students) Bank Account Name Overdraft Perks; RBS / Natwest: Student Bank Account: £500 in the first term, up to £2,000 after that: A National Express Young Persons Coachcard - valid for 4 years – giving you 1/3 off coach prices with National Express: HSBC: Student Bank Account: £500-£1,000 in the first term. I graduated in 2006 after completing a 3 year degree in the normal fashion In June 2007 i recieved a letter saying that on the 31st July 2007 my 'free' overdraft limit would be reduced to £1000. I kept my santander student account with the £2000 overdraft as a graduate account during my PGCE, and they let me keep the overdraft when I finished. Typically, current account providers start charging interest on student overdrafts two years after you graduate. This is managed by parents and comes with a prepaid child’s debit card for kids aged 6-17. 9% EAR (RBS), 17. Mobile app required and available with compatible iOS and Android. From…Get £100 by opening an account and depositing at least £500 by 31 October 2023. Yes, you can go into your local branch with your offer letter and they will extend your student terms by a year. The benefits of a Lloyds Student Current Account include online banking, so you can manage your finances from anywhere and at any time, and link your bank cards with Apple Pay and Google Pay (from age. Hey all So far iv used £310 of my overdraft with natwest Im starting my first year of uni on mon You know the £310 overdraft when would i fully have to start paying it back, i understand i can deposit amounts into the account to decrease the overdraft but say if i was to leave it at £310 for 3 years (last year of uni, total 4 years). Natwest - paying off student overdraft. Industry: Financial services: Founded:. TSB – up to £2,000 overdraft in years 1 to 3. You’ll get 3% AER on your in-credit balance of £300-£2,000. Check out the repayment example in the table below. Job Type. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. Please Help. Your overdraft limit will stay the same for another year. . Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . The aim is to cut the interest cost – which for many totals £100s a year – making the overdraft easier to clear. Welcome to NatWest. Current account fraud UK: 0345 788 8444. Only one 1I2I3 Graduate Current Account can be open at. You can apply for up to £1,000 interest-free arranged overdraft in your first year, up to £2,000 in your second year and up to £3,000 in your third year and onwards. You also get to choose from 3 excellent deals. The NatWest student account is designed to make your life in higher education a little bit easier. - Graduate loan system provides between £1,000 and £10,000 at 9. The full details of their current offer are as follows: An initial interest-free overdraft of £500. Banking from home. Year 2: £1,000 Additional arranged overdraft agreed above your interest free entitlement will be charged at 19. Lending is subject to application and approval. 49% interest rate.