When your course comes to an end, we'll move your FlexStudent to our FlexGraduate account.

FlexGraduate offers you the same great benefits as FlexStudent, keeping your overdraft interest-free and fee-free as it reduces in clear steady steps.

We'll write to you

Two months before the end of your course, we'll write to you to tell you we're moving your FlexStudent account to a FlexGraduate account.

We'll move your account

You won't need to do anything, and the move will be automatic. You’ll keep the same account number, sort code and PIN and we’ll send you a new FlexGraduate debit card.

Repaying your overdraft

We’ll ask you to start paying back your overdraft in clear and steady steps.

Paying back your student overdraft

When your course ends, we’ll ask you to start paying back your overdraft in clear and steady steps, reducing it year by year until you reach a £1,000 limit, just to make life a bit easier.

Flexstudent overdraft after graduation - explained

If your course was 3 years or longer

  • At the end of year 1 - your available overdraft limit reduces by £500, to £2,500
  • At the end of year 2 - your available overdraft limit reduces by a further £750 to £1,750
  • At the end of year 3 - your available overdraft limit reduces by another £750, to £1,000

If your course was 2 years long

  • At the end of year 1 – your available overdraft limit reduces by £500 to £1,500
  • At the end of year 2 – your available overdraft limit reduces by a further £500 to £1,000.

Here's how your details will change

FlexGraduate card

Your bill payments, standing orders and direct debits will remain the same.

'What will change on your FlexGraduate debit card when moving from a FlexStudent account.'
Sort code No change
Account number No change
Account holder No change
PIN No change
Long card number New
Expiry date New
3 digit security code New

How long do I get to keep FlexGraduate for?

If your course was 3 years or longer, you can keep your FlexGraduate for 3 years while your available overdraft limit reduces to £1,000. For courses of 2 years you can keep your FlexGraduate for 2 years while your available overdraft limit reduces to £1,000.

What happens when my FlexGraduate ends?

We’ll write to you two months before the end of your FlexGraduate account ends to tell you that it is ending and let you know what other account options we have for you. If we don’t hear from you about choosing another account, then we will move you to our FlexDirect account (or similar account if that is no longer available). We will give you full information about that account, including its terms and conditions and the charges that will apply to you.

What if I don't want a FlexGraduate account?

At the end of your studies you can choose to move to a different account if you don’t want to move to the FlexGraduate account but charges may apply to any overdraft you have. FlexGraduate has been designed to help you clear the overdraft you may have used during your time at university and it remains interest-free and fee-free.

I'm being moved to a FlexGraduate but I'm still a student or I'm going on to study for a Masters.

You need to let us know if you’re still a student or continuing your studies so that we can keep your details up to date and give you the right support when you need it. If your course details change, for example you change or extend your course or take time out of your studies, we may ask you for evidence of any changes. Just visit us in branch with evidence – e.g. a letter from your university. 

What happens if I'm struggling to repay my overdraft after graduation?

We appreciate juggling finances can be difficult so we have education available at yourstudentmoney.co.uk or you can contact us on 0800 545 30 24 to talk through your options.