- £85 welcome incentive is paid within 10 working days of a customer opening a Student Account.
- New Student Account customers can also access an interest-free overdraft of up to £3,250 in their third year of study.
- New student customers can also claim a four-year tastecard offering discounted meals, cinema tickets and shopping.
NatWest is launching a new Student Account offer for 2025. Upon opening a new Student Account, student customers receive a £85 welcome cash incentive, an overdraft of up to £3,250 and a four-year tastecard. The offer is available to new and existing customers opening a NatWest Student account.
In the first year of university, a student will be able to apply for an overdraft of up to £2,000, with an interest-free overdraft of up to £3,250 made available to students from their third year of study. The initial £85 cash incentive is paid within 10 working days of the account opening.
The free tastecard offers discounts to help students make the most of their university experience, providing discounts at hundreds of restaurants and takeaways including Black Sheep Coffee, Domino’s and Krispy Kreme. This year students will also benefit from Coffee Club with 25% off barista drinks. This is all in addition to discounted cinema tickets and shopping offers.
Paul Slinger, Head of Onboarding at NatWest, stated: "We aim to empower our student customers with accounts that provide immediate financial help and long-term value, supporting their success and enhancing their university experience."
Students benefit from a range of money management tools offered by NatWest, including a free expense tracker feature in the mobile app called Spending. Split Bill and PayMe features also make it easier to request money from friends and family.
Round Ups makes it easier to begin a savings habit with the rounded-up change transferred to a 5.5% Digital Regular Saver. Customers can also benefit from cardless cash withdrawals and the option to check and improve their credit score through the banking app. NatWest also allows customers to use “Add Money” which allows for money to be added to an account from other banks without entering account details.
To be eligible for the account a student must be studying a full-time undergraduate course lasting at least two years or studying a nursing course lasting a year or more.
Customers will receive £85 cash gift and a four-year tastecard membership within 10 working days as long as they have not received a student incentive since July 2021.
A NatWest student account can be opened online at www.NatWest.com/students
