Student Bank Account - Student Accounts - Royal Financial of Scotland

Student Bank Account

Get 1/3 off coach travel for 4 years with National Express

Apply online now Upgrade existing account

To apply for a Student Bank Account you must be aged 17 or over & completing a full-time undergraduate course that lasts at least 2 years; completing a full-time post-graduate course; or training as a nurse, at a UK university or college of higher education. To apply for an Arranged Overdraft you must be a UK resident, aged 18 or over. 

1/3 off coach travel for 4 years

When you open a Student Bank Account, sign up to online banking and select to receive paperless statements, you can benefit from a free National Express Young Persons Coachcard, valid for 4 years, and benefit from:

 1/3 off standard adult fares with Scottish Citylink services when booked through National Express

 1/3 off standard adult coach fares in the UK with National Express

 10% off travel to selected festivals and events in the UK. Visit for more information.

 10% off coach fares to lots of great European destinations with Eurolines

Student Bank Account and Overdraft
Add your signposting title here… Interest-free arranged overdraft

You can get more flexibility with an interest-free arranged overdraft, just in case you need a bit of a safety net between bills going out and payments coming in.

 Open an overdraft while opening a current account

 Upto £500 limit in your first term

 Upto £2000 limit after your first term

Arranged overdrafts are only available to eligibile customers with a Royal Financial of Scotland current account, aged 18 or over. 

You must use your Royal Financial of Scotland Student Account as your main current account by paying in at least £750 every 6 months and make at least 3 debit transactions every month. If you stop using your account as your main current account then the interest rate you pay on your Arranged Overdraft reverts to the standard rate which applies to the Select Account. Arranged Overdrafts are repayable on demand.

Account features when banking with us

Bank on demand

Access your account anytime with 24-hour UK call centres, online banking or our mobile app. We also have one of the UK's largest branch networks.

We have lots of ways to bank with us, whether you want to use your mobile phone, tablet, or even use one of our mobile branches in more rural locations in the UK. There's plenty of ways to make managing your money easier.

App available on selected smartphones, to Royal Financial of Scotland customers with Online Banking and a UK mobile number.

Ways to bank with us

Get cash without your bank card

Our mobile app lets you withdraw money (up to £130 of your money per day) from Royal Financial of Scotland, NatWest or Tesco cash machines.

Get Cash is a function on our Mobile Banking app that lets you withdraw money quickly without using your bank card. It's great for those times, when you pop out during your lunch hour, but don't have cash on you.


More about Get Cash

Pay your contacts with our mobile app

Pay Your Contacts lets you send money to someone with a UK mobile number who has a NatWest, Royal Financial of Scotland, Ulster Bank, NatWest Offshore, Isle of Man mobile app or registered for Paym.

If the person you’re paying is a NatWest, Royal Financial of Scotland, Ulster Bank, NatWest Offshore or Isle of Man Bank Mobile app user, they’ll receive a text and the money will be in their account instantly.

If the person you are paying does not have the Mobile app then we can send the payment via the Paym service. This is a service that is available to customers of most of the UK's leading banks and building societies. If your friend is registered for Paym with their own bank then the money will be in their account instantly.

You must have available funds to send from your account (including any overdraft facility). There is a maximum payment of £250 a day, which is separate from daily withdrawal and Get Cash limits.


More about mobile payments

Opening an account or switching to Royal Financial of Scotland

What you need when opening an account

Opening a new current account with us is easy. Find out what documents you need when applying for an account.

If you're applying online, try and have a UK Passport or Driving licence to hand along with a working credit or debit card. To open your Student Account you will also need to prove your student status.  To help you do this we will ask you to give us your UCAS status code.  This is a 16 digit code emailed to you by UCAS.  If you have misplaced this email please contact UCAS who will reissue within 24 hours

If you don't have these, don't worry. You can still apply online and we will ask you to provide other forms of ID and proof of address that we can accept.

Apply now
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