1|2|3 Student Current Account
Earn cashback on your household bills and interest on your balance, plus an extra £130 cashback when you switch to us
What you can get
(for a £4 monthly fee to maintain the account)
Up to 3% cashback on selected household bills, capped at £5 in each cashback tier each month
Pay in at least £500 into your account each month and have at least 2 active Direct Debits
£130 cashback when you switch (terms and conditions apply)
Up to 3% cashback on selected household bills, capped at £5 in each cashback tier each month
Pay in at least £500 into your account each month and have at least 2 active Direct Debits
£130 cashback when you switch (terms and conditions apply)
Eligibility
- Up to 3% cashback on selected household bills, capped at £5 in each cashback tier each month
- Pay in at least £500 into your account each month and have at least 2 active Direct Debits
- £130 cashback when you switch (terms and conditions apply)
- Up to 3% cashback on selected household bills, capped at £5 in each cashback tier each month
- Pay in at least £500 into your account each month and have at least 2 active Direct Debits
- £130 cashback when you switch (terms and conditions apply)
Overdrafts and charges
There’s a £2 monthly fee to maintain the account. We take it from your account automatically each month.
The Fee Information Document (2.15 MB) details the main fees and charges on this account, including those associated with using an overdraft. For further explanation of our main terms and services take a look at our Glossary
An overdraft lets you borrow through your current account. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. There is a cost associated with using an overdraft. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. This could make it harder or more expensive to get credit with us or other providers in the future.
Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. We may ask you to repay all or part of your overdraft at any time but we’ll try to notify you of this in advance.
An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time.
An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit.
When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances. If we allow a payment, it will take you into an unarranged overdraft. We don’t charge fees for allowing or refusing a payment due to lack of funds.
Am I eligible? How much will it cost?
Is the eligibility checker right for me?
Already completed the eligibility checker? You can retrieve your previous decision
The table below shows you how you’ll be charged for using your overdraft.
How does our overdraft compare? The purpose of a representative APR is to enable customers to compare the costs associated with different credit products.
Arranged overdraft interest and charges | Representative 39.94% APR/ EAR (variable) |
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Unarranged overdraft interest and charges | Representative 0% APR/ EAR (variable) |
If you’re switching from another bank to an account with us, there’ll be no arranged overdraft interest charged for the first 4 months.
If you’ve requested temporary overdraft support that is coming to an end and you need further support, please go to our money worries page.
We offer other current accounts with different overdraft interest rates or without the option for an overdraft facility. We also have different borrowing options, such as credit cards, personal loans, and additional loans for our existing mortgage customers. Learn more about our borrowing options
There are other charges with this account, such as when you use your card abroad. Please refer to the Terms and Conditions for details.
Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.
You’ll be automatically set up to receive text alerts when:
- your account makes or may make use of an unarranged overdraft
- you have regular payments due on your account and you don’t have the funds to cover them
- where a payment is refused as you don’t have enough funds.
You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase.
We’ll send them before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. If we don’t have a valid mobile number for you, we might not be able to reach you.
You can also register for other account alerts to help you to stay on top of your finances. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount. For more information visit Account alerts
You can manage your alerts settings at any time by using Online Banking, calling us on 0800 9 123 123 or visiting a branch.
If you need support with managing your money or if you’re in debt, please visit our money worries page for further support.
Cashback
To earn cashback you’ll need to pay in £500 a month (any interest paid, and payments between Santander personal accounts you’re named on won’t count towards this) and have 2 active Direct Debits.
You can earn 1-3% cashback on selected household bills paid by Direct Debit every month. Cashback is paid monthly, capped at £5 per month in each of the 1%, 2% and 3% cashback categories.
Household bills | |
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1% cashback | Council tax bills
Mobile and home phone bills, broadband and paid-for TV packages Santander monthly mortgage payments |
2% cashback | Gas and electricity bills
Santander Home Insurance premiums (policies administered and underwritten by Aviva Insurance Limited) Santander Life Insurance premiums (policies administered and underwritten by Aviva Life & Pensions UK Limited) |
3% cashback | Water bills |
Cashback is paid on Direct Debit payments made directly to the provider. If your water bill, for example, is included within your council tax bill, cashback will be paid at the rate applicable for council tax, as it isn’t possible to identify the proportion of the payment that relates to water.
Exclusions apply: cashback is not paid on TV licences, LPG/ Calor gas, maintenance contracts (e.g. boiler repair cover), other insurance contracts, commercial use or commercial mortgages.
Find out which suppliers you can earn cashback with.
Other account information
You are over 18 and live in the UK permanently.
Retailer Offers makes it easier to earn a little extra from a variety of Retailers. Once you switch on Retailer Offers in Online or Mobile Banking, you’ll be able to choose the offers you’re interested in and earn up to 15% cashback just by using your Santander cards.
24/7 banking on all your devices. You can set up personalised account alerts and amend your statement settings once the account has been open for at least 24 hours.
- Online Banking
- Mobile Banking app
- get personalised spend insights with My Money Manager
- register to receive mobile-to-mobile payments with Paym
- contactless payments with your mobile by linking your Santander debit or credit card to your Apple, Android or Samsung device.
Face-to-face support in branch and UK-based telephone support.
- In branch
- Telephone Banking
- ATM
- Post Office
Keep your banking details private and secure.
For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre
Your documents, statements and some of your letters will be sent as an e-Document to your secure inbox on Online Banking (unless you require documents in an alternative format, such as braille)
To open the account, you’ll need to provide us with an email address as you’ll receive an email when a document is ready to view.
Once the account has been open for at least 24 hours, you can update your account settings at any time to start receiving statements and other correspondence by post. You will still be able to earn cashback as long as you continue to meet the eligibility criteria.
This account doesn’t pay interest.
Existing customers
If you already have a current account with us and you’d like to change it to the 1|2|3 Lite Current Account, you can change your account online
Your account number, card and PIN will all stay the same.
£130 cashback when you switch
Get £130 cashback when you switch your current account to Santander
When you switch to the 1|2|3 Lite Current Account using the Current Account Switch Service, we’ll give you £130 cashback. All you need to do is choose the option to switch your account in the online application and meet the eligibility criteria below. We’ll take care of the rest.
Within 60 days of telling us to switch your account, you’ll need to:
- have successfully completed the switch, which includes closing the account not held with us
- set up at least 2 active Direct Debits
- pay at least £1,000 into the account, and
- log on to Online or Mobile Banking.
If you’re an existing Santander current account customer we can also arrange to switch a current account you hold elsewhere to your current account with us. To do this, please visit our branch locator page to find your nearest branch. You may need to book an appointment before your visit, which you can do through this page as well.
This offer applies to requests to switch that we receive on or before 2 December 2021. It can be withdrawn at any time.
To find out more about switching and the £130 cashback offer, including the full terms and conditions (40 KB) visit our switching page
These accounts also come with
£300 ATM withdrawal per day
Online and Mobile Banking with text and email alerts
Access to the Santander branch network
Switch quickly and easily
We offer a simple, reliable and stress-free way to switch your current account to a new or existing account with us
Not sure which current account is right for you? View all current accounts