Royal Bank of Scotland – Student Bank Account
The Royal Bank of Scotland offers a student bank account that provides a range of benefits and services to help students manage their finances. The account is designed to support students throughout their academic journey and beyond, with features such as an interest-free overdraft and a cashback reward scheme.
One of the main benefits of the Royal Bank of Scotland student account is the interest-free overdraft. Students can apply for an overdraft of up to £2,000 in their first year, with the limit increasing to £2,500 in their second year and £3,000 in their third year. This can be a useful safety net for students who need extra funds to cover living costs or unexpected expenses.
In addition to the overdraft facility, the Royal Bank of Scotland student account also offers a range of other benefits. These include a contactless debit card, online and mobile banking, and the option to set up text alerts to help students keep track of their spending.
Another feature of the account is the cashback reward scheme. This allows students to earn up to 10% cashback on purchases made with their debit card at a range of retailers. The cashback is paid into the student’s account at the end of each month, providing a useful boost to their finances.
To be eligible for a Royal Bank of Scotland student account, students must be over 18 and enrolled on a full-time course at a UK university or college. They must also be resident in the UK and have a valid UCAS confirmation letter or student ID.
Overall, the Royal Bank of Scotland student account offers a range of useful benefits and features to help students manage their finances. With an interest-free overdraft, a contactless debit card, and a cashback reward scheme, it is a popular choice among students looking for a reliable and flexible banking option.