NatWest student account review
Learn more about the student bank account offered by NatWest.
This review takes you through the student bank account on offer from NatWest, including eligibility, how to sign up, and the pros and cons of the account.
Types of current accounts for students
NatWest has one current account available for students – the NatWest Student Bank Account.
Below, we’ll explore some of the key details of this account.
Compare NatWest’s student bank accounts
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
To be eligible for a NatWest Student Bank Account, you’ll need to be studying in the UK on a undergraduate course (for at least two years), a postgraduate course (for at least one year) or a nursing course (for at least one year).
You also need to be:
- aged 17 or over;
- living in the UK.
To be eligible for an overdraft, you need to be 18 and have lived in the UK for three years. You’ll have to pass a credit check to be approved for an overdraft too.
How to open an account
You can apply for a NatWest Student Bank Account within six months of your course start date. Applications can be completed online or in-branch.
As part of your application, you’ll need to share various personal and financial details. You’ll also need to share details of the course you’re on, and prove your student status by sharing your 16-digit UCAS code.
Pros and cons
- Interest-free overdraft.
- Account opening incentives.
- Emergency cash withdrawals if you don’t have your card.
- There are larger interest-free overdrafts available with some other student accounts.
Frequently asked questions
Note these faqs refer to the Student Account and may not be relevant to the International Student Account.
Do I have to get my student loan paid into this NatWest 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 NatWest student debit card overseas?
When you use your card overseas, you'll pay a non-sterling charge of 2.75%. For, example, if you spend the local equivalent of £250, you'll be charged £6.88.
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 NatWest student debit card?
You'll pay a currency conversion fee of 2.75%. For, example, if you take out the equivalent of £150, you'll be charged £4.13. Withdraw 250 euros (that's around £211.47) at an ATM in Paris and it'll cost you £5.82. Don't forget that the local cash machine provider may charge its own fee too.
Does NatWest's interest-free student overdraft limit increase over time?
No. If you're looking for an account which can offer an increasing overdraft limit as your course progresses, see our full comparison of student accounts.
The selection of perks is a standout feature of the NatWest Student Bank Account, and will likely attract plenty of students to choose it. Although the 0% interest overdraft isn’t as large as some other student accounts, it could still prove to be very useful for students throughout their studies.
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