Receive a free 4 Year 16-25 Railcard when opening Santander 123 Student Current Bank Account @ Santander
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Receive a free 4 Year 16-25 Railcard when opening Santander 123 Student Current Bank Account @ Santander

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Posted 13th JunEdited by:"reindeer333"
With the A-level exam season drawing to a close, for those who have applied, it is time to start thinking about going to university It is well worth setting up a bank account early, as you will need to have a valid bank account to apply for student finance, with the student finance process normally taking several weeks. I highly recommend you apply for student finance as soon as possible, and not last minute, as I knew several people who did not have any money during freshers, as they left setting up an account and applying for student finance until about a week before the term started

Eligibility:

  • You’re 18 or over and live in the UK permanently
  • You’re studying or are about to begin an undergraduate course that is at least 2 years in length, or level 4 to 7 apprenticeship. If you’re about to begin your course, you must have an ‘unconditional’ or ‘confirmed conditional’ offer (i.e. you have your exam results) before you apply
  • You pay in at least £500 per academic term
  • You don’t already have an existing Santander current account. If you do, you’ll need to transfer it
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cliffio7613/06/2019 13:33

"receive a 4 year railcard for 16-25" but you've got to be 18 or over to …"receive a 4 year railcard for 16-25" but you've got to be 18 or over to be eligible ... great start Santander.


There is no 18-25 railcard (or any iteration of this) so there is not much they can do on that front.

As long as you are <26 when you open the account there is no issue.
"receive a 4 year railcard for 16-25" but you've got to be 18 or over to be eligible ... great start Santander.
Edited by: "cliffio76" 13th Jun
I have just graduated and can honestly say this account has been a life saver. The £1500 interest free overdraft, is very helpful. especially when you have overlapping tenancies and you have to pay a large pre-rent/deposit, before getting the previous deposit back. The railcard is also very useful, obviously saving 1/3 off ticket prices. I bet, I have saved over £1000, over the 4 years at uni. I recommend this account to anyone starting uni in September. Also, the phone app has just had a pretty good update, so is now actually usable.
80 Comments
"receive a 4 year railcard for 16-25" but you've got to be 18 or over to be eligible ... great start Santander.
Edited by: "cliffio76" 13th Jun
cliffio7613/06/2019 13:33

"receive a 4 year railcard for 16-25" but you've got to be 18 or over to …"receive a 4 year railcard for 16-25" but you've got to be 18 or over to be eligible ... great start Santander.


There is no 18-25 railcard (or any iteration of this) so there is not much they can do on that front.

As long as you are <26 when you open the account there is no issue.
Definitely worth considering if you are looking to open a student a/c as it's a good "freebie" to have.
Both my son & daughter got the free Santander 4 year 16-25 Railcards and it's saved them a lot of money over the years.
Edited by: "sjs31" 13th Jun
cliffio7613/06/2019 13:33

"receive a 4 year railcard for 16-25" but you've got to be 18 or over to …"receive a 4 year railcard for 16-25" but you've got to be 18 or over to be eligible ... great start Santander.


I know!!, what's the point?!
reindeer33313/06/2019 13:36

There is no 18-25 railcard (or any iteration of this) so there is not much …There is no 18-25 railcard (or any iteration of this) so there is not much they can do on that front.As long as you are <26 when you open the account there is no issue.


If kid's are under 18 when opening the ac, they are not eligible for the 16-25 despite being 16.
Most people probably know by now but don't forget there's also the 26-30 railcard for those ineligible for this.
shaysmum13/06/2019 14:22

If kid's are under 18 when opening the ac, they are not eligible for the …If kid's are under 18 when opening the ac, they are not eligible for the 16-25 despite being 16.



Under 18's aren't eligible for this type of account, so this deal isn't relevant for them anyways
Or avoid Santander at all costs
I have just graduated and can honestly say this account has been a life saver. The £1500 interest free overdraft, is very helpful. especially when you have overlapping tenancies and you have to pay a large pre-rent/deposit, before getting the previous deposit back. The railcard is also very useful, obviously saving 1/3 off ticket prices. I bet, I have saved over £1000, over the 4 years at uni. I recommend this account to anyone starting uni in September. Also, the phone app has just had a pretty good update, so is now actually usable.
Agree with op, get the account open ASAP. Should also mean you can start using the Railcard sooner as well.

Though don't be tempted to start dipping into your overdraft unless you really need to before you start, you will need every penny of that interest free borrowing when you are actually at Uni and not living with your parents most of the time.

MSE has some great advice on starting a budget discussion between parents and student, and how to do a budget properly without spending hours in it. A 1 hour sit-down at the computer this month with them is more than enough to put something sensible together.

Maybe even send them the link to the MSE website and let the student put the first draft together in the next few days now they are done with exams for you to discuss as a family?

Getting them familiar with MSE's website at this stage is no bad thing!

Then you all know if a full-time summer job stacking shelves would mean they don't have to work while at Uni and can focus on studies and the experience they are paying for.

MSE also highlight the parental contribution so you can plan for this yourself if needs be.

The full loan isn't enough to live on by itself. However, the Government awards a lower loan to most students. If nothing else, the Government and the Universities themselves expect those parents to provide a top-up to the full loan amount, but ridiculously doesn't tell parents about this.

Better to plan ahead on all this rather than having a blazing argument about finances the day before they go to Uni, or worse, leaving them with no time to earn money over the summer and not enough money to live on while they are away. That leads to overdrafts being drained quickly, or credit card debt, and unnecessary stress and financial hardship at a time when a lot of things are changing in their lives.
Edited by: "arCuThEDOWDr" 14th Jun
Can't open tip 1st July folks. Save a trip til then
Also you can get one of these if you are an apprentice. Lots of people don’t know that.
You don't need your exam results before you apply. The offers you are speaking about are given long before exam results are received.
reindeer33313/06/2019 13:36

There is no 18-25 railcard (or any iteration of this) so there is not much …There is no 18-25 railcard (or any iteration of this) so there is not much they can do on that front.As long as you are <26 when you open the account there is no issue.


Actually if you are a full time student you can get a 16-25 railcard no matter your age
Terreneflame15/06/2019 10:05

Actually if you are a full time student you can get a 16-25 railcard no …Actually if you are a full time student you can get a 16-25 railcard no matter your age


Yes but you have to be 18 to open the account is his point.

....probably because you’ll be 18 by the time you’re at a University.

I did this deal 4 years ago when I started Uni. It’s a very good perk, and the fee free overdraft is very generous
Sheza115/06/2019 10:15

Yes but you have to be 18 to open the account is his point.....probably …Yes but you have to be 18 to open the account is his point.....probably because you’ll be 18 by the time you’re at a University.I did this deal 4 years ago when I started Uni. It’s a very good perk, and the fee free overdraft is very generous


I was very clearly responding to the point “as long as you are <26”
Ageist.

Not all students are young.
fishpie4tea15/06/2019 11:36

https://www.16-25railcard.co.uk/using-your-railcard/are-you-eligible/?gclid=EAIaIQobChMI-_DxpaXr4gIVGLLtCh3yhgrHEAAYASABEgKZlPD_BwE&gclsrc=aw.ds


You can get railcard above 25 years of age. Follow the link. Just need to apply each year.
This account and it's free railcard have saved me so much money! 100% worth it for students!
shaysmum13/06/2019 14:22

If kid's are under 18 when opening the ac, they are not eligible for the …If kid's are under 18 when opening the ac, they are not eligible for the 16-25 despite being 16.


They also can't be 16 and opening a student account cause it has an overdraft maybe the bank should contact the rail company and make them change there product to suit a student account to please you knocking a complete freebie
alexbarrett200015/06/2019 12:31

They also can't be 16 and opening a student account cause it has an …They also can't be 16 and opening a student account cause it has an overdraft maybe the bank should contact the rail company and make them change there product to suit a student account to please you knocking a complete freebie


Yer why not do that and change it to please me?.
We are all consumer's here, if they want customers, they fit around us, not we fit around them.
If i was knocking it i would've voted it cold, so sit down.
I think there are people in this thread who are acting under 18.
itchyone15/06/2019 11:00

Ageist.Not all students are young.



Not ageist, there's no age restriction.
PR115/06/2019 23:09

Not ageist, there's no age restriction.


I was referring to the railcard. 16-25 only, who open a student account.

That excludes any student over 25 from using the railcard.

Ageist.
Just be careful what you sign up to, banks and BS arent your friends. Mine took away my student account when overdrawn halfway through my 2nd period of study, and left me in the lurch (despite telling me they wouldnt verbally).

Just be careful with them dont rely on them, they are there to catch you out. They are the closest thing in life that you get to the bad guys.
Edited by: "chimpee" 16th Jun
RyanES13/06/2019 17:58

I have just graduated and can honestly say this account has been a life …I have just graduated and can honestly say this account has been a life saver. The £1500 interest free overdraft, is very helpful. especially when you have overlapping tenancies and you have to pay a large pre-rent/deposit, before getting the previous deposit back. The railcard is also very useful, obviously saving 1/3 off ticket prices. I bet, I have saved over £1000, over the 4 years at uni. I recommend this account to anyone starting uni in September. Also, the phone app has just had a pretty good update, so is now actually usable.


just be careful what they promise you. Your post might be different a few years down the road. A railcard is nothing to them when they can trick you into paying £500 in fees. They calculate this from the moment you sign up.
Edited by: "chimpee" 16th Jun
Had this in 2014 and expired last yr...great stuff
chimpee16/06/2019 07:52

just be careful what they promise you. Your post might be different a few …just be careful what they promise you. Your post might be different a few years down the road. A railcard is nothing to them when they can trick you into paying £500 in fees. They calculate this from the moment you sign up.


You have to pay in £500 every academic term. Which if you set up student fiance to pay into this account, then theres nothing worry about.
chimpee16/06/2019 07:52

just be careful what they promise you. Your post might be different a few …just be careful what they promise you. Your post might be different a few years down the road. A railcard is nothing to them when they can trick you into paying £500 in fees. They calculate this from the moment you sign up.


How do they promise you? Everything is in the t&c's. They are also regulated. If they do wrong you can go the financial ombusman.
fishpie4tea16/06/2019 08:53

How do they promise you? Everything is in the t&c's. They are also …How do they promise you? Everything is in the t&c's. They are also regulated. If they do wrong you can go the financial ombusman.


Just watch them and read what I wrote,its not now that counts, it what will happen one day,I am telling you from experience.
Edited by: "chimpee" 16th Jun
RyanES16/06/2019 08:45

You have to pay in £500 every academic term. Which if you set up student …You have to pay in £500 every academic term. Which if you set up student fiance to pay into this account, then theres nothing worry about.


yeah thats fine, just be careful for the future,
chimpee16/06/2019 07:49

Just be careful what you sign up to, banks and BS arent your friends. Mine …Just be careful what you sign up to, banks and BS arent your friends. Mine took away my student account when overdrawn halfway through my 2nd period of study, and left me in the lurch (despite telling me they wouldnt verbally).Just be careful with them dont rely on them, they are there to catch you out. They are the closest thing in life that you get to the bad guys.


That is terrible, well worth a formal complaint via Resolver.co.uk particularly if that caused you any financial hardship as they shouldn't get away with that.

They will have the recording of any phone call where they verbally assured you about the overdraft continuing and will have to hand those over to the Financial Ombudsman if the bank reject your complaint. You can escalate to Ombudsman after 2 months.

Sounds like a really clear cut case for fair compensation to me.
Edited by: "arCuThEDOWDr" 16th Jun
chimpee16/06/2019 09:21

Just watch them and read what I wrote,its not now that counts, it what …Just watch them and read what I wrote,its not now that counts, it what will happen one day,I am telling you from experience.


Be honest with yeah. I open those accounts. I've heard every story in the book matey
fishpie4tea16/06/2019 14:53

Be honest with yeah. I open those accounts. I've heard every story in the …Be honest with yeah. I open those accounts. I've heard every story in the book matey



fishpie4tea16/06/2019 14:53

Be honest with yeah. I open those accounts. I've heard every story in the …Be honest with yeah. I open those accounts. I've heard every story in the book matey


good, dont read mine, but I am glad you do your job of opening accounts well, good luck with your life level.
Edited by: "chimpee" 16th Jun
arCuThEDOWDr16/06/2019 10:27

That is terrible, well worth a formal complaint via Resolver.co.uk …That is terrible, well worth a formal complaint via Resolver.co.uk particularly if that caused you any financial hardship as they shouldn't get away with that. They will have the recording of any phone call where they verbally assured you about the overdraft continuing and will have to hand those over to the Financial Ombudsman if the bank reject your complaint. You can escalate to Ombudsman after 2 months.Sounds like a really clear cut case for fair compensation to me.


Thank you, I dont have them recorded. It was a tough time for me so I didnt chase it when I should have. But maybe I should do something. I must admit, the fight went out of me for a long while when things got tough, but thats probably what they prey on.
Edited by: "chimpee" 16th Jun
chimpee16/06/2019 18:56

Thank you, I dont have them recorded. It was a tough time for me so I …Thank you, I dont have them recorded. It was a tough time for me so I didnt chase it when I should have. But maybe I should do something. I must admit, the fight went out of me for a long while when things got tough, but thats probably what they prey on.


I would strongly recommend using Resolver if you want to give it a shot. It makes it a click of a button to escalate the complaint to the Ombudsman when the time comes.
chimpee16/06/2019 18:56

Thank you, I dont have them recorded. It was a tough time for me so I …Thank you, I dont have them recorded. It was a tough time for me so I didnt chase it when I should have. But maybe I should do something. I must admit, the fight went out of me for a long while when things got tough, but thats probably what they prey on.


But totally understand as well, sometimes it's right to just leave it and move on and don't give that bank your custom again.
Edited by: "arCuThEDOWDr" 16th Jun
cliffio7613/06/2019 13:33

"receive a 4 year railcard for 16-25" but you've got to be 18 or over to …"receive a 4 year railcard for 16-25" but you've got to be 18 or over to be eligible ... great start Santander.


This promotion is actually for University students. If you are a genius and get into university before 18, then you're at a loss mate
Great, lets discriminate people because of their age. If you are older than 25, you are out of luck bro.
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