Lloyds Bank launches 2016 Student Account

02 August 2016

  • An interest‐free and fee‐free tiered planned overdraft of up to £1,500
  • Money saving offers with a free NUS extra card for three years
  • Mobile Banking app to help students manage their money on the go

Lloyds Bank has today announced the launch of its 2016 Student Current Account, available to new and existing customers.

The account features a number of money saving benefits, including an interest-free and fee-free tiered planned overdraft of up to £1,500 and a free NUS extra card for three years, giving students access to over 200 UK discounts on the high street and online.

The account offers:

  • Interest-free and fee-free tiered planned overdraft of up to £1,500 in years one to three, which can be extended up to £2,000 in years four to six if studying for longer.
  • Free NUS extra card for three years, giving students access to exclusive discounts, offers and competitions from over 200 brands and retailers on the high street and online, including Amazon, Odeon, The Co-op, Apple, Jack Wills and ASOS.
  • Contactless Debit Cards allowing a fast way to make a payment of up to £30 without the need to enter a PIN.
  • Mobile Payments providing another convenient way to pay with a Lloyds Bank debit card.
  • Everyday Offers rewarding student account holders with cashback on their everyday spend at selected retailers, helping their money go further.
  • It’s On Us, a free prize draw where customers can receive an unexpected surprise when Lloyds Bank pays them back for something they’ve bought on their debit or credit card, up to the value of £500.

Students have a range of options when managing their finances through Lloyds Bank, including access to the five star rated mobile banking app, the most consistently highly rated banking app on the UK Apple App Store(1). With the app, they can do their banking where and when it’s convenient to them. They can use it to keep track of their spending and account balances, so they don’t unexpectedly go overdrawn, and to transfer money between their accounts, pay friends and bills, and manage their Direct Debits and standing orders.

They can even use it to report their cards lost or stolen and order replacements, to order a new PIN, or to tell us when they’re going abroad. The app is easy to use and has additional built-in security technology to keep customer details safe and private.

Joanne Overton, Head of Current Accounts for Lloyds Bank, said: “As a leading student account provider, we understand the challenges students face with their finances. Our five star rated mobile banking app puts students in control of their spending, while contactless and mobile payments mean that access to their money is never more than a click or a tap away. All this alongside a range of special offers designed to help their limited funds go even further.”