No set-up fees or hidden costs when you arrange an Overdraft on your Student Current Account
Although an Arranged Overdraft with your Student Account is interest free, it is a form of debt and is repayable on demand. Always make sure you have enough money in your current account, or a suitable Arranged Overdraft limit in place, before any payments are due to come out of your account.
If you don't have the available funds for payments leaving your current account, they may be returned unpaid. If this happens there is an Unpaid Transaction Fee of £6 charged for each transaction we reject (Subject to a maximum of £60 per charging period*).
Your charging period runs from month to month, usually from the date you opened your account. For example, if you opened your account on 15 August, your charging period will run from the 15th of each month to the 14th of the next month. You can find out your charging period by contacting us.
Applying for an Arranged Overdraft on your Student Account
Completing your application
be 18 or over, UK resident and have a NatWest Student Account
have your banking details ready
make sure you don't apply for more than you would be accepted for
Arranged Overdrafts on Student Curent Accounts
Still not sure about applying for a Student Overdraft?
We know the last thing you want to do is fill out another form but this shouldn't be too painful and should only take a couple of minutes if you have your banking details to hand.
Already have an Arranged Overdraft?
Student Credit Card
If you already have an Arranged Overdraft or don't wish to apply for one, you could consider the Student Credit Card. Again, you need to be over 18, a UK resident and hold a NatWest Student Current Account to apply.
Representative 18.9% APR (variable)