Is nationwide student overdraft guaranteed?

The Nationwide FlexStudent* account offers a 0% overdraft which matches HSBC above – starting at £1,000 and rising to £3,000 in year three – although again limits aren’t guaranteed. The amount you’ll get at 0% depends on your credit record, and you’ll need to ask for the increases.

How do I increase my student overdraft nationwide?

You can request an increase to your arranged overdraft limit at any time, up to the maximum for your year of study….You can ask us to increase or decrease your arranged overdraft limit:

1. In your Internet Bank.
2. In your Banking app.
3. In your nearest branch.

How much overdraft do students get?

With our Student Account, you can apply for an interest-free tiered arranged overdraft of up to £1,500 in Years 1 to 3 and up to £2,000 in years 4 to 6. You’ll need to be 18 years old to apply for an overdraft. All overdrafts are subject to our assessment of your circumstances and are repayable on demand.

Is there an overdraft on a nationwide student account?

An interest-free overdraft is one of the most beneficial aspects of a student account, and few accounts can compete with Nationwide on this front. Not only does this account offer a large overdraft, but it will remain interest-free for three years after you graduate – even if you go over your arranged limit.

How can I open a nationwide student account?

Nationwide’s student account is called FlexStuden and you can open a FlexStudent account online. You’ll be asked a few questions, such as: If you already have a student account with a different bank or building society How high you’d like your arranged overdraft to be

Is there an overdraft limit on a graduate account?

Graduate bank accounts still come with a 0% overdraft, and you’ll usually be eligible to hold onto this account for three years following graduation. But, whereas you saw your overdraft limit increasing each year with your student overdraft, the limit gets reduced with a graduate account, in the hope that you’ll gradually pay it off year by year.

What are the features of a nationwide student account?

Nationwide only has one account that is specifically for higher education students. The FlexStudent account has some attractive features, primarily an arranged overdraft of up to £3,000 by the third year, a digital banking app, internet banking and a contactless Visa debit card.