Report. The HSBC Student Bank Account is designed to cater to the needs of students during their academic years. an overdraft is basically borrow money from the bank. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. The NatWest student account is designed to make your life in higher education a little bit easier. I have a Natwest Student account with £1400 Overdraft at its limit! I just Graduated This Year and have been told that my account will be changed to a Graduate Account. With Halifax it just stays a student account for a year after you graduate, so you still get an interest free overdraft. Select 'Card payment controls' from the options on the screen. You could be eligible for an interest-free limit up to £500 in your first term and £2,000 thereafter. There may also be limits depending on what year of study you’re in. You also can't convert a joint current account'. £100 cash bonus plus a four-year Tastecard, which gives you discounts at many restaurants in the UK. Start saving instantly. To apply you must be 18+ and resident in Jersey, Guernsey, Gibraltar or the Isle of Man. Excluding interest-free periods and accounts, such as student or graduate accounts, the NatWest overdraft has in interest rate of 19. Similar account perks include the ability to pay on the move with Apple or Google Pay, online banking, mobile banking, and Paytm connectivity. Students can a apply for up to £3,250 interest free from year three onwards*. Helping graduates with life after uni. Natwest advertise as part of their student account a free student rail card for 5 years. 5% interest and cashback at certain retailers. The Arranged Overdraft limit you can apply for depends on what term and year of study you are currently in. Student Overdraft Facility - No Charge. You won’t pay interest on an. Year 2: £2,000. Subject to status and a full credit assessment. Up to £3,250 interest free from year three onwards*. HSBC offers a student bank account in the UK that comes with a plethora of benefits. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator;. 0% on purchases for 3 months from account opening. Terms and conditions apply. Choose from our fee-free account or view our full range of accounts. You can then select My Overdraft. 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. You will then be able to view your monthly interest charges so far. These cards. I have a student account with NatWest which was advertised as coming with an interest free overdraft. NatWest Student Account offers competitive overdraft limits and perks compared to other student accounts, such as HSBC and Santander. Year 1: £1,500. Providing copies of paid cheques. Overdraft: Both NatWest and RBS allow for an interest free overdraft up to £2000,. Overdraft amounts for the graduate account are £2,000 for the year after graduating, £1,500 after two years and £1,000 in your third year. 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. The main thing I was excited for was the fee free overdraft, but I can't seem to be able to apply for it. NatWest’s new 2023 student banking offer includes: £100 cash welcome gift, transferred directly into your account. 03. I have all my student finance sorted but like the idea of opening a student account to take advantage of the overdraft. Interest on fees and charges is payable. Overdraft Rate (EAR) N/A. You’ll need to have a student current account as well, and be over 18. A student bank account is a current account that’s designed for people in higher education. eruka Posts: 9 Forumite. * From 2nd October 2023, those who graduate in 2022 and 2023 can apply for up to £3,250. Days 6 and 7 we'll transfer your bank account balance. After leaving university, you'll only start repaying your student loan once you're earning above a certain threshold. Interest-free arranged overdraft of up to £1,500 – for the duration of your course and three years after you graduate. 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. 49% on overdraft interest, with changes taking effect by the beginning of April 2020. Student overdrafts do not incur any fees or interest for using the Arranged Overdraft. Then hit the ‘Gambling’ toggle to turn it off. Graduate Programme. I received a letter saying I had been charged for going over my agreed overdraft. If you are an International Student then please start a thread and I can advise on your thread. We can arrange same day electronic transfer of funds (CHAPS) between bank accounts in the UK. According Natwest's site the student account is turned into a graduate account when you graduate. 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. Original post by doodle_333. Now, I'm in my first term, and running low on cash. Graduate accounts are available for two years. 30pm. student bank accounts tend to offer the same features as standard bank accounts alongside interest-free overdrafts and student incentives such as discounted. Open a student bank account. a full-time post-graduate course;. Mobile app required and available with compatible iOS and Android devices and a UK mobile number. 2 Offer ends 18 December 2023. The account offers an interest free overdraft of up to £2000 after the first term and access to the market. We can arrange same day electronic transfer of funds (CHAPS) between bank accounts in the UK. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're. Up to £1,500. Ready to apply. Check my credit score. Personal accounts. We'll let you know that your bank account switch is complete. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. You’ll need to have a student current account as well, and be over 18. 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. Mobile app required and available with compatible iOS and Android. Giving you peace of mind with your banking. Basically, you’ll need to pay back at least £1,000 a. The minimum overdraft limit. Usage our overdraft expense calculator to acquire an thoughts of how much it costs toward use an overdraft across our range of accounts. As a postgraduate student, you’ll be responsible for managing your own student finances. An overdraft is a form of borrowing and is repayable on demand. 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. So if your overdraft's up to £350, it pays some off and the rest is interest free. Choose from our fee-free account or view our full range of accounts. Business, Economics, and Finance. Save money in a tax efficient way. As you changed your work status to ‘graduate’, that means you could be eligible for an overdraft between £250 to £2,000. There are many advantages to opening a Royal Bank Student account such as: Offer - free tastecard for 4 years (worth £29. Already have overdraft increased to 2k for my post grad degree starting in september. Hi im 28, and about to start a 3 year degree in September. NatWest’s student account has you covered with an interest-free arranged overdraft account—the fundamental element of any good. With the NatWest graduate account, you’ll retain access to an interest-free arranged overdraft for up to two years. Video banking calls may be recorded and service hours may apply. Natwest student accounts switch over automatically based on graduation date, it's not done manually. 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. 30 May 2007 at 10:57AM. This is a full analysis of your credit history and, unlike the soft check, it'll be visible on your credit report. Hundreds of thousands of students who graduated a year ago could soon find that they are paying interest rates of up to 19pc now they have entered the "real world". 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. A student account only remains a student account for so long and you say it was. A free Financial Health Check with one of our staff is a great way to do that. Industry: Financial services: Founded:. The Adapt current account is available for 11-17 year olds. 8. These accounts are better than conventional accounts, but not as good as student accounts. This is important, as you may be charged interest if you use a certain amount of your overdraft. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. If you were looking to apply or make changes to an existing overdraft, please instead visit our eligibility tool . Graduate account overdraft maximum year 1: £2000. Alas, all good things must come to an end. Support centre. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. What. Wrong. As of the 17th December I am being switched to a standard current account which wants to charge me 18% interest on said overdraft and £6 a month for the pleasure! What did you expect? All overdrafts are repayable on demand. Why apply for our Student bank account? Interest-free overdraft up to £1000 with an instant online decision. Start university with a £500 interest-free overdraft. To apply, you must be 18+ and a UK resident with a NatWest current account (held for 3+ months). Same day electronic transfer. Overdraft calculator. Step by step guide to Alerts. HSBC Graduate Account. Many banks expect students to repay their overdraft in £500. 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. 9 million profit. NatWest Student Account. After proving you're in education, they should give it to you (it automatically updates your account). 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. 89% and a usage. ². Royal Bank of Scotland (RBS) and NatWest customers will pay up to 39. You can request a maximum overdraft limit of up to £2,000. The graduate account has 2k interest free. 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. Student arranged overdrafts are available to NatWest Student current account holders aged 18 or over. Student. 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. £2,000 £1,000 and £500 if you go over that they just charge you the usual overdraft rates. Wel I'm a current (well finished really) undergrad. Since I graduated last year I've had an overdraft of around -1300 and used it all up. HSBC, Natwest and RBS are offering cash bribes of up to £80 to students. 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. You must either be a full time undergraduate student on at least a 2 year course at a UK University/College or you must be completing a full time postgraduate or nursing course lasting a year. All data provided by TransUnion. I applied for an overdraft and it has been rejected. If your application is approved,. Earn up to 15% cashback (you need to register for online banking and activate Cashback Extras ). If you are unsure how the interest or charges work, please read more about our rates & charges. Never had any problems with Natwest in that time. 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. Students have faced a mixed picture on their monthly rental and accommodation spending since 2018, with the pandemic disrupting a steady increase. This is a guide to what NatWest offer Students for 2008/09. There was no need to apply for an overdraft, you simply apply for an account give details etc. 02. 48 votes, 85 comments. You’ll get an: easy-to-manage account, manage my account. A. Available 24 hours, 7 days a week Credit cards. 49% balance transfer fee (a fee to move your balance from another card). This is a benefit of the natwest graduate account that I took advantage of. 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. Santander has consistently gained glowing reviews for their student account. I have a natwest student account that has become a graduate account, which originally had a £2000 overdraft limit. 9% p. 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. Christa1 Forumite Posts: 286 Forumite. We will carry out a review of your arranged overdraft at. Graduate accounts may continue to offer a low or interest-free overdraft facility which decreases over time, giving you the opportunity to. To apply you must be 18+ and a UK resident. Does Natwest allow you to have an overdraft on your student account. The TSB student account offers an overdraft facility, and there’s no interest to pay if you keep below the limit you’ve agreed with the bank. Specific account eligibility criteria applies. Cheetah Forumite Posts: 157 Forumite Posts: 157Barclays, Co-op and TSB offer student bank accounts, but they are among the few not offering any perks on top of the interest-free overdraft of up to £2,000. Often the. 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. This term my student loan has arrived, however i was just wondering when does the bank take out the overdraft that you oweHi, I would like your expertise in what I could do to stop NatWest/trident credit services taking me to court and getting a ccj against me. Yes (NatWest) Student and Graduate accounts ;. 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. boss. Posted by u/AntDogFan - 1 vote and 5 comments6. Yep totally free, I graduated and extended it to £2000, then it was reduced to £1000 after 1 year. Have £500k minimum mortgage borrowing with us. This means you’re using an overdraft. a. Having overdraft debt and savings may not make sense as you may be spending more on. Lloyds Bank joins the others in offering a cash bonus of £100, as long as you deposit at least £500 by 31 October 2023. Just follow these 3 simple steps: Open the NatWest app and click on your chosen current account. Just follow these 3 simple steps: Open the NatWest app and click on your chosen current account. Their 123 account is the only account in the UK that guarantees a 0% overdraft for your entire time at university. Santander: guaranteed £1,500 0% overdraft + free four-year railcard. 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. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. . Student arranged overdrafts are available to NatWest Student current account customers, aged 18 or over. Year 1: up to £2,000* Year 2: up to £1,000. 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. On average, students rated their bank 3. 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. 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. However I recently found out that Santander offer a railway card which would mean 1/3 spent on travel for me compared to paying the full cost per month on pay as you go. I have been accepted for a student account with Natwest, they haven't sent me any confirmation of that yet but i know it has changed as my online banking now says student/graduate account, but there;s no overdraft facility yet? I have been offered a place and have a letter confirming this, i'm a mature student. ›Budgeting & bank accounts. 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. Students can apply for up to £3,250 interest free from year three onwards. You could get a cash reward from £20 -. Smarter banking for your life after uni. They call it an arranged overdraft – whereby a pre-fixed limit is set for the amount that can be overdrawn by the student. They'll automatically change unless you evidence further study. Get paid an interest rate of 0. If you have savings, this could be easiest way to pay off your overdraft debt. Up to £1,700 in your 2nd year. I have a regular steady income, a few direct debits all paid without fail each month including a lloyds tsb loan and credit card! I went into one branch, the guy was very slow on the computer and after a. Personal banking complaints team: available Mon-Sat, 8am-5. You just go into your local branch and say you want an overdraft. Mine is £1500 the first year as a graduate, reduced to £1000 in the second year. Use our overdraft calculator to work out how much your overdraft is costing you each month. You can apply for up to £3,250 interest free from year. You can ask us for an arranged overdraft when you apply or any time afterwards. when your account switches to a graduate account you will be expected to pay it off so it's like. 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. Please Help. If you have a FlexOne, you’ll only be able to apply for an arranged overdraft. £23 - between banks. Having overdraft debt and savings may not make sense as you may be spending more on overdraft interest and fees than you accrue on any savings. You’ll get 3% AER on your in-credit balance of £300-£2,000. I took it out in 2003 when i went to uni, and got given a £1400 interest free overdraft at that time. Be careful: if you say you have a job lined up in the summer, they may ask for a letter confirming this. Online Banking. Championing kids and teens to be confident with their financial wellbeing. NatWest new student account closure with no explanation. According to the website, my graduate account overdraft is £2000…hello fellow student money savers, i need your help. Compare our accounts to find one that's right for you. Tell them before they realize. App available to personal and business customers. Edinburgh, United Kingdom. That £2,000 facility will then reduce to £1,000 for a further 12 months. NatWest Student Account - Apply online only. Business or Foundation Current Account to a Student Account. One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraft. If Cora can’t help she will pass you on to one of our colleagues who can assist you with your query. Whether you’re still in the idea phase or looking to grow your business, we could help you confidently take your next steps. Only one 1I2I3 Graduate Current Account can be open at. 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. 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. An arranged overdraft is available to those who meet certain conditions. The third option, a Tastecard, gives savvy students access to up to 50% off or 2 for 1 meals at participating restaurants as well as 40% off cinema tickets and 70% off hotels. 49% EAR on £2,250 of the £3,250 limit. *Eligible students in third year onwards can apply for up to £. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. Angelharpist. To remove the block, navigate to the same page and unselect ‘Gambling Transactions’. Only TSB can tell you about their student overdraft and lending criteria. 2. Help with everyday banking. NatWest Online Banking is easy, secure and lets you do all the things you need to do to manage your money online. See our bank. Rates and fees on student accounts won't be changing, although customers with a. 28 July 2009 at 2:39PM. Your overdraft limit will stay the same for another year. 0. They work like a normal current account but have extras designed to make student life a little easier, such as interest-free overdrafts. Remember an arranged overdraft is a borrowing facility that you are responsible for repaying should you use it. Consider bankruptcy. App available to customers aged 11+ with a. 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. Students can a apply for up to £3,250 interest free from year three onwards*. Find the Savings Account for You. I applied for a Natwest student account a few days ago and got accepted. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. Natwest overdrafts are currently 39. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one. They'll automatically change unless you evidence further study. HSBC. N/A. I still have a £2,500 overdraft limit from when I opened an account with them 10 years ago. 87 out of 5, suggesting a general satisfaction with the accounts. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. 6. SELECT. Cash ISAs. You can select how you wish to receive Act Now Alerts and switch them on and off through Online Banking or the Natwest. I currently have a Natwest Graduate account with an overdraft of approx £1500. Replacing lost or damaged cards. Yes, you can go into your local branch with your offer letter and they will extend your student terms by a year. 0. Close. You can apply for up to £3,250 interest free from year. . App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries. I recently applied for a NatWest student account as it would give £100 once the account was opened. I had a student/graduate account with an agreed overdraft of £1400 with Natwest. 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. NatWest / RBS: up to £3,250 0% overdraft. EN. I currently have £0 deposited…WVL. RBS Group, which owns NatWest and the Royal Bank of Scotland (RBS), started writing to affected customers from 15 August informing them that they were wrongly. 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. 49 per cent, the first year after they graduate their interest-free buffer will shrink from £2,000 to £1,000. Specific account eligibility criteria applies. grad account year 2: 1000. I transfered from psychology to do a different degree course after doing one year. Representative 0% APR (variable) Buy Now Pay Later is a credit product. . Also, to. If the person you are adding to your account is already a NatWest customer: You will only need to send in one form of photo identification with a selfie of the front and side profile. Never had any problems with Natwest in that time. If you’re 17 or over and heading to university, NatWest’s Student Bank account offers discounts and an interest-free overdraft. If your request is successful, we will confirm our decision and add the. Overdrafts under £500. 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. See how much it costs to use an overdraft across our range of accounts. Overdrafts are repayable on demand. Whether you want to manage your money better, develop a future skill, or live more sustainably, there’s. It's just a regular account with no overdraft but the problem is it's now friday so the money won't go in till monday and my local natwest is closed so i can't pay it over the counter. 49% the cost of borrowing £250 for a week through an authorised overdraft would rise from less than 90p a day to £1. ##. 8 January 2020, 15:37 By Dr Lucy Brown, Editor. F 7 667585 27/2/08 13:54 Page 2 PROOF 7 Graduate Accounts Current Account Loan Credit Zone Overdraft Overdraft Repayment Plan Application Form client account THE ROYAL BANK OF SCOTLAND RBK-LITERATURE. Alternatively, you can also apply for one. grad account year 1: 2000. Different Kinds of Natwest International Student Accounts offered. See all our bank accounts; Everyday bank account; Reward bank account; Student bank account; Child & Teen bank account; Premier bank accounts; OverdraftsIf 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. 75 * 0. NatWest and Royal Bank of Scotland are helping to make travel easier for students with a free National Express Coachcard when they sign up for a Student Account, register for online banking and receive paperless statements. 2. I have a natwest student account that has become a graduate account, which originally had a £2000 overdraft limit. 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. usually two years after you graduate. Information correct as at 31 October 2023. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Graduate Trainee – NatWest Markets - Quantitative Analyst. You'll also get your hands on a contactless debit card. Access to Save the Change. I need some advise as I've been driving myself crazy wondering what is going on. £21 - between our branches. you will get charged, and then charged interest on it until you come back within your limit. 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 . From time to time NatWest has a cashback offer for students which you might be able to take advantage of too. Your phone number. Graduate Current Accounts - Four Star. 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. Natwests policy is that you can have a £500 overdraft in your first term of your first year, then after that increase up to £2000. reply. See how to set up your goals. Hi, I'm currently a university student, with a Natwest student account, which allows me a free overdraft of around £1600. written by on 04/10/2010. For example, if you have no money left in your account and you spend £30, your balance would be -£30. The graduate account has 2k interest free. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. Tens of thousands of people who held a student current account with RBS or NatWest between 2002 and March 2016 are due to receive a refund of overdraft charges. If these conditions aren't met then they are likely to close off your account. 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. 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. - Graduate loan system provides between £1,000 and £10,000 at 9. Our Video Banking service provides you with banking from a location of your choice. 3. If you are an Online Banking customer and complete the form using your log in details, we complete many of the fields for you. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. I am very confused as my. However pretty much all overdrafts are repayable "on demand" so theoretically Natwest can ask for it back at any time. Download the NatWest app. Your rate depends on your personal circumstances, loan amount and term and may differ from this Representative APR. Select your account type, let us know how much of the overdraft. Current account fraud UK: 0345 788 8444. You’ll also earn interest at an agreed rate. A £1,000 overdraft costing £20 a month in interest costs £240 a year, but the same in easy-access savings earns about £50 a year – at best. Reply 5. A student overdraft is not free money – it’s a loan that you'll need to pay back, ideally before the interest kicks in. 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. Manage your credit card. 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. i was informed over the telephone that due to me graduating several years earlier i was no longer entitled to the graduate. 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. However, I'm in quite a difficult situation at the moment. Overdraft Facilities One of the most important features offered by almost all banks is the zero interest overdraft facility. 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. Available 24 hours, 7 days a week Business accounts. Choose the amount you wish to send, add. Representative 0% APR (variable) Buy Now Pay Later is a credit product. This starts with up to £500 during your first term. Start with just £50 and top-up with as little as £10.