Santander 1|2|3 Student Current Account, available to students and apprentices (levels four to seven)

Free four-year Santander 16-25 Railcard saves on average £199 a year1

£1,500 fee-free overdraft and 1% interest on balances up to £2,000

Up to 15% cashback on debit card spending at a range of retailers 

28 July 2020 - PRESS RELEASE
It’s a start to the university year unlike any before, but as thousands of young adults across the UK prepare to embark on their journey into higher education, one thing hasn’t changed - Santander continues to offer them its 1|2|3 Student Current Account uniquely tailored to their needs.

To help students through their journey, the account includes a free four-year 16-25 Railcard, exclusive to Santander student customers, which gives them a third off standard rail fares. As lockdown measures are eased and more people return to train travel, students will benefit by saving an average of £199 every year with their four-year Railcard. Santander’s Railcard is available to full time students in higher education as well as school leavers taking up higher or degree level apprenticeships. 

Hetal Parmar, Head of Banking, Santander said: “University life and apprenticeships may look very different this year for many, but this time of life still brings with it the first big step towards financial independence. Our highly popular 1I2I3 Student Current Account continues to give great value and provide the financial support students and apprentices need at this exciting time in their lives.”

Last year, Santander retained its position as the largest provider of new student accounts with just under a third of all student account openings taking place with Santander4.

Santander’s 1|2|3 Student Current Account is available online and to all students, regardless of their year of study. In addition to the four-year Railcard, the Santander account offers:

  • An interest and fee-free arranged overdraft of £1,500 in the first three years of study, £1,800 in the fourth year and £2,000 in the fifth year (if students continue with their studies);
  • In-credit interest of 1% on balances up to £2,000;
  • Additional cashback of up to 15% on debit card spending at major retailers through Retailer Offers, which helps students stretch their money that little bit further;
  • Access to exclusive 1I2I3 World benefits including preferential deals on other financial products. 

Since 2007, Santander Universities has invested more than £90m in supporting UK students and universities. The bank supports higher education with a number of schemes aimed at improving access to education, entrepreneurship and employability. Santander Universities has 85 direct UK University partnerships and more than 1,100 globally.

To open an account, or for more information, visit: