{"id":329013,"date":"2020-08-24T18:56:14","date_gmt":"2020-08-24T17:56:14","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?page_id=329013"},"modified":"2026-02-19T06:09:02","modified_gmt":"2026-02-19T06:09:02","slug":"lloyds-student-current-accounts","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/current-accounts\/student-bank-accounts\/lloyds-student-current-accounts","title":{"rendered":"Lloyds student account review"},"content":{"rendered":"

Find out more about the perks of the Lloyds Bank Student Current Account, including its interest-free overdraft and the cashback programme with Lloyds\u2019 retail partners.<\/p>

Types of current account for students<\/h3>

Lloyds Bank has 1 current account available for students \u2013 the Lloyds Bank Student Current Account<\/strong>.<\/p>

Below, you\u2019ll discover the key perks and benefits of this account.<\/p>

\n \n
Product Name<\/th>Lloyds Bank Student Account<\/td><\/tr>
Card type<\/th>Cash \/ Debit<\/td><\/tr>
Debit network<\/th>Visa<\/td><\/tr>
Minimum opening balance<\/th>\u00a31<\/td><\/tr>
Account fees<\/th>\u00a30<\/td><\/tr>
Interest (AER)<\/th>2% AER <\/span><\/td><\/tr>
Funding requirement<\/th>No minimum funding requirement <\/span><\/td><\/tr>
Daily cash machine limit<\/th>\u00a3800<\/td><\/tr>
At end of term<\/th>Account transferred automatically to graduate account<\/td><\/tr>
Maximum overdraft in year 1<\/th>\u00a31,500<\/td><\/tr>
Maximum overdraft in year 2<\/th>\u00a31,500<\/td><\/tr>
Maximum overdraft in year 3<\/th>\u00a31,500<\/td><\/tr>
Maximum overdraft in year 4<\/th>\u00a32,000<\/td><\/tr>
Maximum overdraft in year 5<\/th>\u00a32,000<\/td><\/tr>
Overseas card transactions<\/th>Europe: 2.99% plus flat fee of \u00a3\u00a30.50
Elsewhere: 2.99%% plus flat fee of \u00a3\u00a30.50<\/td><\/tr>
Overseas cash withdrawals<\/th>Europe: 2.990000000000000000000000000000
Elsewhere: 2.99%<\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

What is Lloyds\u2019 student banking offer?<\/h3>

This year, Lloyds is offering \u00a3100 in cash when you open an account and pay in at least \u00a3500 by 31 October 2025. You\u2019ll also get a \u00a315 Deliveroo voucher for each month that you make 20 or more qualifying debit transactions between November and April. <\/p>

Eligibility<\/h3>

To be eligible for a Lloyds Bank Student Current Account<\/strong>, you\u2019ll need to:<\/p>

  • be aged 17 or over (although to apply for an arranged overdraft, you\u2019ll need to be aged 18 or over);<\/li>
  • have been living in the UK for at least 3 years;<\/li>
  • be studying full-time*.<\/li><\/ul>

    *You\u2019ll need to be studying full-time on a course for at least 2 years, or on a 1-year course leading to a degree.<\/p>

    You can apply as soon as you receive an unconditional offer for your course.<\/p>

    How to open an account<\/h3>

    You can apply to open an account online or in-branch. You\u2019ll need the following documents:<\/p>

    • proof of identity, such as a passport or driving licence;<\/li>
    • proof of address, such as a utility bill or bank statement;<\/li>
    • your 4-digit UCAS code confirming your place on your course.<\/li><\/ul>

      The benefits<\/h3>
      • Interest-free overdraft. <\/strong>If your application is successful, you can apply for an overdraft with the Lloyds Bank Student Account. <\/li>
      • Your interest-free overdraft remains after you graduate.<\/strong> You can keep your interest-free overdraft for 3 years after you graduate.<\/li>
      • Earn cashback with Lloyds\u2019 retail partners.<\/strong> You\u2019ll automatically cashback when you use your debit card to shop with one of Lloyds\u2019 retail partners on its \u201cEveryday Offers\u201d programme.<\/li><\/ul>

        Pros and cons<\/h3>
        \n
        \n

        Pros<\/h4>\n
          \n
        • Interest-free overdraft.<\/li>\n
        • Cashback with Lloyds' retail partners.<\/li>\n <\/ul>\n <\/div>\n \n
          \n

          Cons<\/h4>\n
            \n
          • This account isn't available to international students.<\/li>\n
          • There are other student accounts with larger overdrafts.<\/li>\n <\/ul>\n <\/div>\n <\/div>\n

            Customer service information for Lloyds<\/h3>\n\n\n
            Email support<\/th>\n<\/use><\/svg><\/td>\n<\/tr>\n
            \nTelephone support<\/th>\n<\/use><\/svg><\/td>\n<\/tr>\n
            \nIn-app or live chat<\/th>\n<\/use><\/svg><\/td>\n<\/tr>\n
            \nContact form<\/th>\n<\/use><\/svg><\/td>\n<\/tr>\n
            \nBranch support<\/th>\n<\/use><\/svg><\/td>\n<\/tr>\n<\/tbody>\n<\/table>

            Our verdict<\/h3>

            If you\u2019re a keen shopper, the Lloyds Bank Student Current Account is likely to catch your eye, as you\u2019ll get access to cashback with Lloyds\u2019 various retail partners. The interest-free overdraft might not be quite as large as some other student accounts, but would still be very useful, especially given the staggered timescale in which to repay it after your studies end.<\/p> \n