Nationwide FlexStudent - Our totally fee-free student bank account

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 arranged overdraft


We'll start you off with an arranged 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 Arranged Overdraft Representative Example

0% APR representative (variable). Based on an assumed arranged limit of £1,200 and an interest rate of 0% a year (variable).

How does our overdraft compare? A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the representative APR. The APR shows the cost of borrowing as an annual rate.APR stands for Annual Percentage Rate. It includes all the costs of borrowing including certain account fees and promotional rates. It’s for comparing costs between different products and providers. It doesn’t include fees or promotional rates. The arranged 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 arranged 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 arranged overdraft, you'll need to pay in at least £500 per term from the date the account is opened. This can include your student loan, money from family members or any other income.

Are you eligible?

  • You’re aged 18 years or over.
  • You’ve been accepted onto a full-time UCAS course at a UK institution for at least 2 years.
  • You don’t already have a student account with another provider (or if you do, you agree to move it to Nationwide).
  • You have an unconditional offer and be no more than 5 months before your course start date or no more than 2 months after your course start date. If you have a conditional offer, you’ll need to wait until your place has been confirmed following your results before applying.*

    * You can apply up to 18 months after your course starts if you’re already a Nationwide member, and have been with us for at least 12 months. You’re a member if you have a savings, mortgage or current account with us. If it’s been more than 2 months since your course started, you’ll need to pop into branch or give us a call to apply.

What else do you get as standard?

Completely fee-free, even when using your card abroad

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

About to Graduate?

Unless you make alternative arrangements with us, we’ll move your account to a FlexGraduate account. We’ll also ask you to start paying back your arranged overdraft in clear and steady steps.

What happens when I graduate?

Current Account Switch Guarantee logo

Switch your current account to us in just 7 working days

See how it works
Moneyfacts Conusmer Awards 2018-19, Student Account Provider of the Year

Moneyfacts consumer award

† 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.

Google Pay is a trademark of Google LLC.

Samsung and Samsung Pay are trade marks or registered trade marks of Samsung Electronics Co., Ltd. Use only in accordance with the law. Samsung Pay is available on select Samsung devices.

Nationwide adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: