Features & benefits

FlexStudent gives you the control you want, with the freedom you need

At Nationwide, we're committed to helping you control your finances – especially when it comes to student life.

Your flexible interest-free and fee-free overdraft


We'll start you off with an overdraft limit of £1,000.


In your second year, you can request an increase to £2,000.


In your third year, you can request an increase to £3,000.

FlexStudent Overdraft Representative Example

If you use an arranged overdraft of £1,200 the amount we will charge you is 0p per day (variable).

The overdraft limit is optional, and you don’t need to request the full amount each year. So long as you stay in control of your finances, we’ll increase the overdraft amount you can ask for by £1,000 each year, to a maximum of £3,000. If your course is two years long, you’ll only be eligible to request a maximum of £2,000 by the end of the second year. To remain eligible for the overdraft, you'll need to pay in at least £1,500 per year of study* across two or more transactions. For example, this could be your student loan or money from family members. *Year of study refers to each 12 month period after your course start date.

Are you eligible?

  • 18 years and over
  • Accepted on a full-time UCAS course at a UK institution for a minimum of two years
  • Be within two months either side of your course start date
  • Don't already have a student account with another provider (or agree to transfer it to Nationwide)

What else do you get as standard?

Earn interest on your money
Receive 1% AER/gross p.a. (variable) on balances up to £1,000.

Cashback with Simply Rewards
Great cashback offers on big brands with Simply Rewards for Visa debit or credit card customers.

Mobile payments and contactless
You can make payments with your Nationwide debit cards on compatible devices using Apple Pay and Android Pay™ anywhere that contactless payments are accepted.†

It only takes about 10-15 minutes to apply online

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Not living in the UK?

If you live in a country that's part of the European Union (EU) or European Economic Area (EEA), you can apply for one of our current accounts.

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† Available on selected Apple devices only and compatible devices using Android 4.4 (KitKat®) and higher.
Apple Pay is a trademark of Apple Inc. registered in the U.S. and other countries.
Android Pay is a trademark of Google Inc.

Your overdraft explained

Important information

How to apply

Help & support