Barclays

Barclays student account review

Read more about the perks of the Barclays Student Additions Account.

Barclays has one current account available for students – the Student Additions Account. We review this account and take you through if you’re eligible, how to apply, and its pros and cons.

Compare Barclays’ student bank accounts

Table: sorted by interest rate, promoted deals first
Name Product Account fees Interest (AER) Funding requirement 0% overdraft limit Incentive Link Representative example
Barclays
£0
0% AER
No minimum funding requirement
Up to £1,000
Yes - Free 12-month subscription to Perlego the online library when opening a Student Additions account.
View details
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable. Representative 0% APR variable.
loading

Compare up to 4 providers

Additions Student Account eligibility

To be eligible for a Barclays student current account, you’ll need to be studying full-time in the UK on an undergraduate course (for 2+ years), a postgraduate course (for 1+ year) or as a higher apprentice (Level 4+).

You’ll also need to:

  • be aged 18 or over;
  • be studying full-time in the UK;
  • use the account as your primary bank account.

How to open an Additions Student Account

You can apply for an account in the Barclays app if you have a UK mobile number.

When you first download and open the app, Barclays will ask you to create a passcode to access the app safely. You then take a picture of your identity document (such as a passport, driving licence or biometric residence permit) and record a short video of yourself, which Barclays will use to check your ID.

You’ll also have to provide some details about your course and your UCAS status code, and consent to a credit check.

If you don’t have a UK mobile number, or if you don’t have a UCAS code, Barclays will ask you to visit a branch to complete your application.

Additions Student Account benefits

  • Large interest-free overdraft. The Barclays Student Additions account offers you a £500 interest-free overdraft when you open the account. After the first term, this increases to £1,000. It increases again to £2,000 in your second year and £3,000 in your final year.
  • A free 12-month subscription to Perlego. This is a subscription-based service, giving students online access to thousands of academic e-books. Perlego saves students from having to buy each text book individually. You’ll get a 12-month subscription (worth £96) for free if you open or switch to a Student Additions Account by 30 November 2021.
  • Track your spending with the Barclays app. The Barclays mobile app has sophisticated software allowing you to track your spending, categorise it, set limits or even temporarily freeze your debit card. Great for students who haven’t mastered the art of budgeting.

Additions Student Account pros and cons

Pros

  • Large interest-free overdraft on offer by the third year.
  • Free 12-month Perlego subscription for signing up.
  • Plenty of budgeting features in the banking app.
  • International students can apply for this account.

Cons

  • There are other students accounts with bigger overdrafts for first-year students.

Frequently asked questions about the Additions Student Account

Do I have to get my student loan paid into this Barclays account?

No. This account comes with no regular funding requirements. See how that compares in our comparison of student accounts.

How much does it cost to use the Barclays student debit card overseas?

When you use your card overseas, you'll pay a non-sterling charge of 2.99%. For, example, if you spend the local equivalent of £250, you'll be charged £7.48.

Because it's a Visa, you'll find it's accepted pretty much anywhere that takes card payments.

Compare options for keeping costs down when spending abroad.

How much does it cost to withdraw cash overseas using the Barclays student debit card?

You'll pay a currency conversion fee of 2.99%. For, example, if you take out the equivalent of £150, you'll be charged £4.49. Withdraw 250 euros (that's around £211.10) at an ATM in Paris and it'll cost you £6.31. Don't forget that the local cash machine provider may charge its own fee too.

Does Barclays's interest-free student overdraft limit increase over time?

Yes. While the opening interest-free overdraft limit is capped at £1,000, this increases to a maximum of £3,000 in year three. Check out our full comparison of student accounts to see the interest-free overdrafts available to UK students with a breakdown of each account's limit in each year of your course.

Our verdict

Although this student account doesn’t have the most enticing interest-free overdraft in the first year, this does increase substantially by the third year. There are also plenty of other bells and whistles that might entice students into opening this account, such as the banking app’s budgeting features. International students will also be pleased to hear that this is one of the few UK student accounts they can apply for (although they won’t necessarily qualify for the maximum overdraft limit).

If you have read this review and decided that this account is not for you, you can also compare other student bank accounts here.

Compare Barclays against its competitors

Table: sorted by interest rate, promoted deals first
Name Product Account fees Interest (AER) Funding requirement 0% overdraft limit Incentive Link Representative example
HSBC
£0
0% AER
No minimum funding requirement
Up to £1,000
£80 cash reward, plus the choice of a £20 Uber Eats voucher or a year of unlimited next-day delivery with ASOS Premier, when 5 debit card transactions are made within a month of opening the account.
Go to site
View details
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable. Representative 0% APR variable.
Santander
£0
0% AER
Min. £500 per term
Up to £1,500
Free 16-25 Railcard for new customers.
Go to site
View details
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable. Representative 0% APR variable.
Bank of Scotland
£0
0% AER
No minimum funding requirement
Up to £500
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card.
View details
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable. Representative 0% APR variable.
Student Account
Ulster Bank
£0
0% AER
No minimum funding requirement
Up to £1,000
Commission free travellers cheques and currency in branch only.
View details
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable. Representative 0% APR variable.
Barclays
£0
0% AER
No minimum funding requirement
Up to £1,000
Yes - Free 12-month subscription to Perlego the online library when opening a Student Additions account.
View details
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable. Representative 0% APR variable.
loading

Compare up to 4 providers

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Go to site