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
1 - 1 of 1
Name Product Account fees Interest (AER) Funding requirement 0% overdraft limit Incentive Link Representative example
Student Additions
£0
0% AER
No minimum funding requirement
Up to £1,500
(Max £500 in year 1)
Free access to Perlego for 12 months, a digital library of university textbooks, for accounts opened between 8.7.22 and 30.11.22 and redeemed before the 31.12.22.
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Student Additions 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 a Student Additions 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.

Student Additions Account benefits

  • Interest-free overdraft.The Barclays Student Additions account offers you a £500 interest-free overdraft during your first term. After this term, and during your first year, this increases to £1,000. It increases again to £1,500 in your second year and remains at £1,500 for future years of study.
  • 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 for free with your Student Additions Account, if the account is opened between 8 July 2022 and 30 November 2022, and the offer redeemed before 31 December 2022.
  • Track your spending with the Barclays app. The Barclays mobile app has features that allow 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.

Student Additions Account pros and cons

Pros

  • 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 many other students accounts with bigger overdrafts.

Our verdict

Although this student account doesn’t have the most substantial interest-free overdraft, there are plenty of other bells and whistles that might entice students into opening this account. For example, the banking app’s budgeting features as well as a free 12-month Perlego subscription. 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.

Frequently asked questions about the Student Additions 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 £214.80) at an ATM in Paris and it'll cost you £6.42. 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 £500, this increases to a maximum of £1,500 in year six (£1,500 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.

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
OFFER
123 Student Current Account
£0
0% AER
Min. £500 per term
Up to £2,000
(Max £1,500 in year 1)
A free 4-year Santander 16-25 railcard worth £100, plus a total average saving of £636 (average saving of £159 per year).
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Finder Award
OFFER
Student Bank Account
£0
0% AER
No minimum funding requirement
Up to £3,000
(Max £1,000 in year 1)
Receive £100 when opening a Student Bank Account and make a minimum of 5 transactions within 30 days of opening.
Go to site
View details
Offer available to first year students on a qualifying course who open one HSBC Student Bank on or after 16th June 2022 and make 5 debit card transactions within the 30 days from account opening. Account subject to status. Must be UK, Channel Island, or Isle of Man resident for 3 years+ currently resident in the UK. 18+ only. Further offer and account T&Cs apply.
Student Account
£0
0% AER
No minimum funding requirement
Interest-free overdraft, up to £2000 (£500 in first term)
Receive £80 paid to your account within 10 days from opening a new or converting an existing account, a Tastecard, valid for 4 years giving 50% off food or 2 for 1 meals, plus offers on entertainment and shopping.
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To receive £80 in cash and a free tastecard you will need to apply online, register for mobile or digital banking and choose to receive paperless statements within 30 days of opening your account. Offer ends 31/10/22, T&Cs apply. Overdraft subject to approval. To apply for an overdraft (subject to approval) you need to be 18+. You can apply if you are aged 17+ and are a UK Resident.
Student Account
£0
0% AER
No minimum funding requirement
Up to £1,000
(Max £1,000 in year 1)
Commission free travellers cheques and currency in branch only.
View details
FlexStudent  - Funded
£0
0% AER
Min. £500 per term
Up to £3,000
(Max £1,000 in year 1)
View details
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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.

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