RBS student current account review

The RBS student current account offers a range of benefits that could make life at university a little easier.

If you’re looking for a student current account, you’ll need to compare your options carefully to see which account best matches your needs. Many student accounts come with freebies or other incentives, but it’s important not to be too swayed by these – a sizeable interest-free overdraft is likely to be more useful.

Let’s take a look at what the RBS Student Account has to offer.

Rates, fees and limits

RBS has one current account available for students – the RBS Student Account.

Product NameStudent Account
Card typeCash / Debit
Debit networkMastercard
Minimum opening balance£0.01
Account fees£0
Interest (AER)0% AER
Funding requirementNo minimum funding requirement
Daily cash machine limit£250
At end of termAccount transferred automatically to graduate account
Maximum overdraft in year 1£2,000
Maximum overdraft in year 2£2,000
Maximum overdraft in year 3£3,250
Maximum overdraft in year 4£3,250
Maximum overdraft in year 5£3,250
Overseas card transactions2.75%
Overseas cash withdrawals2.75%

Who can open the RBS Student Account?

To apply for the RBS Student Account you’ll need to be:

  • Aged 17 or over (18 if you want an overdraft)
  • Live in the UK
  • A full-time undergraduate student on at least a 2-year course at a UK university or college, or
  • Completing a full-time postgraduate or nursing course lasting a year or more

How to open an account

You can only open the RBS Student Account online. You can apply if your course has already started or if it is starting within the next 6 months.

To open the account you’ll need:

  • A UK passport or driving licence (full or provisional)
  • Proof of address such as a driving licence, utility bill or bank statement
  • Your UCAS student code, a mobile phone number and email address

What are the benefits of the RBS Student Account?

The RBS Student Account offers a range of benefits, including:

  • An interest-free overdraft. If your application is successful, you can apply for an overdraft with the RBS student current account.
  • Sign-up incentives. RBS often runs account opening incentives where you can be rewarded for opening an account.

Is opening an account with RBS safe?

Yes, RBS is a fully licensed bank which means it is regulated by the Financial Conduct Authority. Deposits are protected by the Financial Services Compensation Scheme (FSCS) which means that up to £85,000 of your money will be covered in the event the bank went bust.

Pros and cons of the RBS Student Account


  • Interest-free overdraft
  • Seasonal sign-up incentives


  • Overdraft is limited in the first term
  • This account is not available to international students

Customer service information for RBS

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

The RBS Student Account has a lot to offer and its seasonal sign-up incentives will no doubt be attractive to many students. It has a decent interest-free overdraft but it’s limited for the first term, so it’s worth shopping around first to check whether this account is definitely the best option for you.

Frequently asked questions

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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