Cookies at Which? We use cookies to help improve our sites. If you continue, we'll assume that you're happy to accept our cookies. Find out more about cookies

Student bank accounts

Best student bank accounts

By Chiara Cavaglieri

Article 1 of 2

Put us to the test

Our Test Labs compare features and prices on a range of products. Try Which? to unlock our reviews. You'll instantly be able to compare our test scores, so you can make sure you don't get stuck with a Don't Buy.

Best student bank accounts

Compare student accounts to see which banks offer the largest interest-free overdrafts. 

The biggest interest-free overdrafts

If your outgoings are liable to exceed your income while at university, it's well worth going for the biggest interest-free overdraft possible. The cost of rent, food, books and leisure means the ability to call on extra cash without paying interest can be hugely valuable.

We compared 14 undergraduate accounts – all offer a free overdraft, though we found big variations in the size of the overdrafts each bank offered. 

Our table shows student accounts ranked in order of the maximum free overdraft they allow.

Table notes:
Correct at June 2017
a Depends on your credit scoring
b Calculated as 3% above Bank of England base rate

Customer score
Which? customer score based on customer satisfaction and likelihood of recommending company to friend/family member. Customer scores are based on a survey of an online panel of respondents from the general public, who were invited to take part in the bank account customer satisfaction survey - during March 2017. The final sample size was 5,041.
Back to customer score in money table

Student account charges and fees

If you exceed your free limit, the bank will normally charge interest and/or fees. You'll pay much less (usually up to 9.9%) if you contact the bank and formally arrange for the limit to be increased rather than go over it without telling them. Some banks may allow an extension to your free limit.

If you go over your student overdraft limit without authorisation, interest can rise to almost 30%. Some banks also charge penalty fees – see the table for full details of extra charges.

Best Rate bank accounts

We analyse the whole market and calculate the cost of the account so you can see how much you're likely to pay or how much interest you'll earn if you choose that account. 

Follow these links if you want to know more about how we choose our Best Rate bank accounts and Which? Recommended Providers. 

  • Last updated: September 2016
  • Updated by: Chiara Cavaglieri

Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.