What features do NatWest current accounts have? An arranged overdraft: the limit you get will generally depend on your circumstances, including your credit rating how much you earn. If you absolutely can’t pay off your debts then bankruptcy might be for you. I received a letter saying I had been charged for going over my agreed overdraft. If this happens, we’ll charge you a fee on the extra amount you go overdrawn. To apply, you must be a UK resident, aged 18+ and earn £10k+ each year. I have recently tried applying for an overdraft, well started filling the forms out online, I got to the page requiring me to enter the limit I wanted (£500) and I noticed a message saying "Your application for an overdraft is unlikely to be accepted at the moment" So I've held off from applying as I don't want a rejected overdraft request recorded on. The graduate account has 2k interest free. Having overdraft debt and savings may not make sense as you may be spending more on. Make student life easier with our Student Current Account. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. I have a natwest student (or could be graduate by now) account as my main current account. east. Mobile app required and available with compatible iOS and Android devices and a UK mobile number. Although this account was brilliant when I was an undergraduate, since graduating it has been extremely unhelpful! I am studying for a pgce currently, but Natwest do not take this into account. a. You can apply for up to £3,250 interest free from 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. There are no fees, no charges and no interest to pay. Choose from our fee-free account or view our full range of accounts. It does state that after the first year the interest free overdraft zone would be cut to £1000, then the next year £500, then finally £0, but all the time offering the "Graduate Overdraft Repayment. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant. Santander is one of the best student banking accounts in the UK on many levels. Students can a apply for up to £3,250 interest free from year three onwards*. Download the NatWest app. a full-time post-graduate course;. Santander - 123 Student Current Account. 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. Both UK and international students can open a student bank account through Natwest. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Check your balance, send money and even earn rewards 1. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. Subject to status and a full credit assessment. it happened to me. Overdrafts are great for students, as part-time work can come and go as academic work picks up, and there may be. Up to £1,700 in your 2nd year. Understand arranged and unarranged overdrafts and their impact on your account. Then standard rates apply. How graduate bank accounts work. Whether you're starting a side hustle or looking for tips to improve your. With our Graduate Account, the amount of your Arranged Overdraft that is interest free, decreases each year after you have graduated. you have held a Student Current Account with Halifax; you do not deposit at least £500 into your account by 31st October 2023. stargazeypie Posts: 20 Forumite. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Overdrafts under £500. A video chat with one of our friendly senior personal bankers could help you review your money situation. Natwest Finance Graduate 2024; I’ve been scammed; Cifas removal. I still have a £2,500 overdraft limit from when I opened an account with them 10 years ago. Student or Adapt account. 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. 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. 30pm. We cover. NatWest’s student account has you covered with an interest-free arranged overdraft account—the fundamental element of any good. Many banks expect students to repay their overdraft in £500. You’ll get 3% AER on your in-credit balance of £300-£2,000. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. £21 - between our branches. An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account. Benefits of the NatWest Student Account. I am very confused as my. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. Pay with your debit or credit card – it’s a safer way to pay and gives you more protection. Your old account will be closed. Apply for an interest-free overdraft up to £1,500. 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. Graduate Current Accounts - Four Star. NatWest student bank account NatWest’s student account offers a tastecard, Amazon Prime membership or a National Express Coachcard, plus an interest-free overdraft of up to £2,000. e took out of your overdraft). * Eligible students in third year onwards can apply for up to £3250 from 2nd October 2023. 0. Save money in a tax efficient way. What is the interest rate on a NatWest student graduate account? Representative 39. 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. Halifax Student Current Account. Terms and conditions apply. 25 July 2009 at 2:38PM. 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. Use our overdraft calculator to work out how much your overdraft is costing you each month. Fact checked. 5% interest and cashback at certain retailers. Yes, you can go into your local branch with your offer letter and they will extend your student terms by a year. 31, which is still much cheaper than Lloyds Bank and TSB, as NatWest/RBS don’t charge a monthly overdraft fee. › Student MoneySaving. 49% to. Close. (by this i assumed close = change from student to current account) I've. 49% EAR on £2,250 of the £3,250 limit. Select ‘Send money’, ‘Make a payment’, then choose who you want to pay from your payee list. Here's what students in the survey said about their views and experiences with overdrafts:TSB's Student account offers an interest-free overdraft of up to £1,500. NatWest is also offering a freebie to new students in the form of £100 in cash and a 4-year Tastecard. Personal credit cardsIf you’re a UK resident, you’ll get a guaranteed interest-free overdraft of up to £1,000 after you’ve successfully opened the Student Bank Account. Just follow these 3 simple steps: Open the NatWest app and click on your chosen current account. Customer Service. An overdraft is a form of borrowing and is repayable on demand. We would like to show you a description here but the site won’t allow us. Natwest have contacted me about my student account which will be automatically changing to a graduate account soon, and I have a year until my overdraft stops being interest free so definitely aiming to pay that off before they start charging interest. £21 - between our branches. Then, once you have paid £500 into your account, you’ll receive the allowances below. With no monthly account fee. The NatWest student account is designed to make your life in higher education a little bit easier. The Natwest Student Account offers a £500 interest-free overdraft in your first year, and then £2,000 for years two and three. Save up to £653 with a free 12-month subscription to Perlego’s online library of books, academic texts and tools. A big difference between a savings account vs a current account is how often you access your money. If you are an Online Banking customer and complete the form using your log in details, we complete many of the fields for you. Up to £2,000 Interest-free arranged overdraft from year one (limited to £500 in your first term). This is needed for both you and the party you are adding to the account. Choosing a bank that allows a longer 0% grace period post-graduation will help ease the financial transition from student to jobseeker. However, I'm in quite a difficult situation at the moment. 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. Graduate Programme. RBS Student Bank Account. also, as a student, natwest is good because it offers the biggest interest-free overdraft (as standard, i think £1250) hope that helps, fff . Current accounts designed for you. You could get a cash reward from £20 -. According Natwest's site the student account is turned into a graduate account when you graduate. Student overdrafts do not incur any fees or interest for using the Arranged Overdraft. NatWest / RBS: up to £3,250 0% overdraft. So far, after saving up my wages to pay it off I now have -200 and I . Clearing your student overdraft debt. 9% p. (variable) and higher than our balance transfer rate of 12. Original post by tigermoth99. To apply you must be 18+ and a UK resident. You need to also pay in £1,250 to an eligible NatWest account every month. Always make sure you have enough money in your current account, or a. Hi guys, i took out a overdraft from the bank last term. You need to: be 18 or over. 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. 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. Student satisfaction scores. 40 during 2020 as Covid took hold. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. The interest free overdraft only lasts a year after graduation before it is reduced. For example, some banks may let you have a £1,000 student overdraft in your first year, which can be extended to £2,000 in your second year and £3,000 in your third. 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. . Providing copies of paid cheques. Proof of a confirmed place for studying in uni or college (4-digit UCAS code) If you’re an international student, you don’t meet the 3-year living in the UK requirement, but you may be able to open a Halifax Current Account . We've ranked and reviewed the best student bank accounts as well as the top graduate accounts on offer. 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. Same day electronic transfer. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. Your overdraft limit will stay the same for another year. HSBC Student Bank Account. Why apply for our Student bank account? Interest-free overdraft up to £1000 with an instant online decision. To be eligible they need to sign up for online banking and select to receive paperless statements. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. If you are an International Student then please start a thread and I can advise on your thread. reply. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. Make sure you have selected the account you wish to make the payment from. The Natwest student bank account comes with a £500 interest-free overdraft in your first year rising to £2,000 in years two and three. 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. Online Banking available to customers aged 11. NatWest Student Account - Apply online only. It's also worth considering one of the customer-friendly digital banks. Natwest - paying off student overdraft. Specific account eligibility criteria apply. 9% EAR (variable) thereafter, giving a representative rate of 0%. The NatWest Student Living Index 2023 gives you the full lowdown on higher education in the UK. I was supposed to graduate July 2021 but I am redoing a year (therefore still a student) and will graduate in July 2022. The most important feature of your graduate current account is the 0% overdraft it offers. Best student accounts 2023/24. Student Overdraft Facility - No Charge. NatWest’s new 2023 student banking offer includes: £100 cash welcome gift, transferred directly into your account. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one, year one) with an. These accounts include certain benefits tailored to students. . After university I upgraded by Natwest Student account to their Graduate one, which entitled me to extend my interest free overdraft to £2000. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. Choose from our fee-free account or view our full range of accounts. There are no fees, no charges and no interest to pay. Halifax Student Current Account. If you have a Natwest student account, it'll be automatically changed to a graduate account once you've graduated. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . Plus, the bank is well-established, has an easy-to-use app and hundreds of. It also means that anything you own may have to be sold to pay off debts – this can include your home, car or any luxury items. Your student account comes with an interest-free overdraft that you can request to increase each year you're studying. An arranged overdraft is available to those who meet certain conditions. 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. *Eligible students in third year onwards can apply for up to £. This means that, while you’re a student, you don’t need to pay any interest if you dip into your ‘arranged’ or ‘agreed. My advice is to go into a branch and ask them about the different accounts available to you before doing anything too hasty. £2,000 £1,000 and £500 if you go over that they just charge you the usual overdraft rates. 25 January 2010 at 8:20PM in Budgeting & bank accounts. Considering these factors is crucial when. You must be 17+ and have been living in the UK for at least 3 years. 5. 13 years ago. You can only hold a maximum of 1 Reward account in your name, and 1 joint names. 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. Your balance transfer must be at least £100. If your request is successful, we will confirm our decision and add the. Then you'll pay interest, and get into more debt. They'll automatically change unless you evidence further study. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. 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. It’s worth checking with your bank what the repayment conditions are for your overdraft when you transfer to a graduate account though so you don’t get caught out, and there may also be a. 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. If your student loan doesn't go in, they'll either guess you've dropped out, or they'll think you have another student bank account, and it will be withdrawn. 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. The Arranged Overdraft limit you can apply for depends on what term and year of study you are currently in. 39. If you don't have Online Banking, you can register and then sign up for alerts. From…Get £100 by opening an account and depositing at least £500 by 31 October 2023. If your application is approved,. Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . Santander. Overdraft subject to eligibility. 0. There are many advantages to opening a Royal Bank Student account such as: Offer - free tastecard for 4 years (worth £29. Natwest advertise as part of their student account a free student rail card for 5 years. 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. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Overdraft in 2023. 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. See how much it costs to use an overdraft across our range of accounts. Information correct as at 31 October 2023. After you graduate, your student account will be automatically changed to a NatWest graduate account. ›Budgeting & bank accounts. Providing copies of paid cheques. With some accounts, you can access your cash whenever you. Fraudsters often concoct stories to try to persuade you to transfer your money to a. Unfortunately, for all other Natwest current accounts, overdraft have a representative APR of 39. This offer applies to applications received in branch or online from 1st August to 22nd September 2023. Manage your loan. 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. 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. Nil. 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. Like all overdrafts, you’ll have to pay it back at some point, but we’ll keep you in the loop by letting you know if you ever go over your limit via overdraft alerts. Up to 15% cashback at some of your favourite retailers. Manage your home insurance. Earn up to 15% cashback (you need to register for online banking and activate Cashback Extras ). These costs then bounced back in 2021 to £518. Only one 1I2I3 Graduate Current Account can be open at. Other loan amounts are available at alternative rates. I opened a NatWest student account this month and was approved a £2000 overdraft as I'm in my second year, I didn't know about student accounts having interest free overdrafts until recently so never. 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. I have a student account with NatWest which was advertised as coming with an interest free overdraft. Finally, once you graduate, you’ll be automatically migrated to a Graduate Account,. 28 July 2009 at 2:39PM. Student. So you'll need a plan on how to pay it back, ideally before the. If you've just graduated, you don't need to do anything. 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. 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. 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. EN. Perk. 03. Duration of arranged overdraft. Set up. You can ask us for an arranged overdraft when you apply or any time afterwards. So I got myself a Natwest account and was told that I should get a Student overdraft as it would benefit me (I also got the credit card). 50% off food or 25% off food and drinks at thousands of participating UK restaurants. Business account fraud Overseas: +44 345 711 4477. Log in to NatWest Online Banking. Select 'View current interest charges' You. That £2,000 facility will then reduce to £1,000 for a further 12 months. 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. Your overdraft will be reviewed, probably, when you leave University. 99 per year)*. written by Laurac1 on 28/05/2013. You’ll need to have a student current account as well, and be over 18. Good: - Interest-free overdraft is still high (£1,000) after three years. It costs £680, but means any money you owe will be written off. For the security of customers, any unauthorised attempt to access. You can also take advantage of no fees on overseas spending. 0% on purchases for 3 months from account opening. No fees for refusing a payment, going less than £10 over overdrawn or over your limit for 1 day during the month. Once the overdraft's paid off, you can then work to build your savings back up. 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. Invest up to £9k per child for the current tax 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. What you can't see, you can't spend. To apply you must be 18+ and a UK resident. Only TSB can tell you about their student overdraft and lending criteria. After you graduate your FlexStudent becomes a FlexGraduate account. Tell them before they realize. I suddently got a letter while I was on holiday telling me I need to repay my overdraft by. Lloyds, for example, moves graduating students on to its Graduate Account, which lets customers apply for an interest-free overdraft that gradually reduces each year; up to £2,000 in the first. Current account fraud Overseas: +44 3457 888 444. eg. 2. From then on your repayments are fixed at 9% of everything you earn above that threshold. With the HSBC Graduate Bank Account you'll get: You may be eligible for an overdraft facility, of which £3,000 will be interest-free during your first year and £2,000 in your second year after graduation. For anyone doing their PGCE - NatWest are offering student accounts with interest free overdraft and £100 cash for opening the account (they include post grads for student accounts). Hi, I started uni in Sept 2018 and opened a Natwest student account that I am £2000 overdrawn on. 49% balance transfer fee (a fee to move your balance from another card). 9% EAR (RBS), 17. Alongside this, you can also earn 2% AER credit interest on balances between £1 and £5,000. Just thought I'd get this out there, in case anyone here knows any students using NatWest for their student accounts. They can go through your day-to-day spending and help you with ideas on how you could make your money work harder. 7. With the NatWest graduate account, you’ll retain access to an interest-free arranged overdraft for up to two years. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. You can also set up alerts by calling us or talking to us. Eligibility criteria apply. HSBC. 9% EAR on overdrafts of over £1,500. 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. 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. Maximum overdraft in year 3: £1,500: At end of term: Account transferred automatically to graduate account: Overseas card transactions: 2. Whether you’re still in the idea phase or looking to grow your business, we could help you confidently take your next steps. I have searched my bank's website, but its…A student overdraft is a financial arrangement offered by banks to students in the UK. - Graduate loan system provides between £1,000 and £10,000 at 9. Your student and maintenance loans repayments are frozen until you start to earn over £25,000 but many people forget to consider their student bank accounts overdraft is also a loan, and one. You just go into your local branch and say you want an overdraft. I recently applied for a NatWest student account as it would give £100 once the account was opened. student account: 2000. According Natwest's site the student account is turned into a graduate account when you graduate. On your mobile or tablet, go to the App Store if using Apple or Google Play if using Android. 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. Alternatively, you can also apply for one. Debt is never a good thing, but a student bank account overdraft is an excellent buffer to keep up your sleeve, in case of. Also, to. With Halifax it just stays a student account for a year after you graduate, so you still get an interest free overdraft. 0% interest. Never had any problems with Natwest in that time. You must be a UK resident aged 16+. In the fourth year after you graduate you will automatically move onto a Select account and your arranged overdraft will no longer be interest free. This charge also applies to providing details of paid cheques. Once your interest free overdraft runs out with Halifax, you should go check out Natwest or Lloyds TSB's graduate accounts if you find yourself still needing an overdraft. Not at all. In arranged account can keep those unexpected bills covered. Available 24 hours, 7 days a week Credit cards. Only individuals who have a NatWest account and authorised access to Online Banking should proceed beyond this point. (variable) up to 18. Have £500k minimum mortgage borrowing with us. You’ll be able to get a Financial Health Check, apply for a loan and more. 2. 1. NatWest Online Banking is easy, secure and lets you do all the things you need to do to manage your money online. On your mobile or tablet, open the camera and point your device at the QR code. Current accounts - NatWest. including how long they will have to repay their overdraft with a graduate bank account. The main thing I was excited for was the fee free overdraft, but I can't seem to be able to apply for it. 3. 5. Overdraft available to NatWest student current account customers aged 18+. Best postgraduate student bank accounts. Card payment support. Apply for an interest-free overdraft of up to £1,500 over the course of your studies. Manage your investments. Start saving instantly. when your account switches to a graduate account you will be expected to pay it off so it's like. According to the website, my graduate account overdraft is £2000…hello fellow student money savers, i need your help. If you £250 into your overdraft and a student loan of say £1215 goes into the account then your account will be +£975(that is £1215 – 250). Your phone number. NatWest Graduate Account Interest-free overdraft. For example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first. Best Big Bank Savings Accounts. - the date of the switch. 3. Manage your credit card. Wel I'm a current (well finished really) undergrad. 9% p. Classic Account, Silver Account, Gold Account, Platinum Account, Premier Account (including all Vantage options), Student Account, Graduate Account, Reward Current Account, Ultimate Reward Current. martin_dunge Forumite Posts: 3 Newbie. 99%: Overseas cash withdrawals: 2. I had my student loan paid into it for 1 year while i was at uni until i left at that time (2004). The Arranged Overdraft limit you can apply for depends on what term and year of study you are currently in. Enter the details of your trip in 'Home> Choose your account> Manage my card & Google Pay> Going Abroad> Register card' section of the mobile app. 1 hour ago · Best Student Loan Refinance. 99 per year)*. This means you’re using an overdraft. See how to set up your goals. Problem with Natwest Student AccountNatWest Student: 72%: Year 1:. 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. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. There are larger overdrafts with some other student accounts. Compare our current accounts. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. See all fraud & security options;The way banks try to encourage this is to reduce the maximum 0% overdraft each year – the idea being that by the time the 0% ends, you’ll have paid it off. Current account fraud UK: 0345 788 8444. We'll let you know that your bank account switch is complete. You can ask HSBC to increase this limit up to £2,000 in. 2 January 2013 at 7:57PM in Budgeting & bank accounts. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. 3. then as part of their student account policy at the end of the first year you will have an overdraft of £1000. A student account only remains a student account for so long and you say it was.