Features & benefits
We understand that starting out at college or university can be a financial challenge. ThatÕs why our Student Account provides an interest and fee-free Planned Overdraft of up to £1,500 (subject to application and approval) and the option to apply for our student credit card. We also include a range of benefits and discounts to help your money go further. All the essentials, in fact, to get the most from those student years.
- An interest and fee-free overdraft of up to £1500 in your first 3 years at University and £2,000 in years 4, 5 and 6 (subject to application and status).
- The option to apply for a credit card to help spread the cost of student life.
- WeÕre the only bank to offer you a free NUS Extra Card for three years. With your NUS Extra Card, youÕll be able to get great wallet saving discounts with over 80 of your favourite brands, including Amazon, Cross Country trains, Odeon and JJB Sports. Details of how to apply for your free card will be sent to you by letter in August, or 14 days after opening your account if you open after this time. The card will be for the 2011/12 academic year and youÕll be able to renew this for free for the next two academic years.(terms and conditions apply)
- With our Student account, youÕll get three years YHA membership completely free. So wherever you want to go in the world, you can be sure of a warm welcome and a clean bed. Membership gives you great discounts at hostels in England and Wales as well as being your passport to a worldwide network of around 4,000 hostels in more than 90 overseas destinations. (terms and conditions apply)
- DonÕt spend time shopping around to download your favourite tracks. Stock up your MP3 player with 40 free music downloads from eMusic in an instant. Choose from over eightÊmillion tracks fromÊlegendary and emerging artists. WhatÕs more youÕll also receive a free LAVA Mini Speaker (subject to availability) to play your new tracks on. Internet access, registration and debit or credit card required. (terms and conditions apply)
- Available in sterling.
- Offshore Internet banking and Offshore PhoneBank so you can do your banking when it suits you.
- A debit card, giving you quick and easy access to your money when you want it.
- £10 overdraft buffer: no overdraft fees or interest to pay if you go overdrawn (either Planned or Unplanned) by £10 or less.
- Our Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.
Any additional benefits and services provided by third parties will be under separate agreements between you and the relevant third party; we make no representation in relation to, and accept no responsibility for, the provision of these additional benefits and services.
Eligibility
Customers must have applied for a qualifying course of at least two years' duration. If you are a permanent UK, Channel Island or Isle of Man resident aged 17 years or older and do not hold a student account elsewhere you can apply for the Island Student Account.
Charges & fees.
Avoiding overdraft charges.
Our Grace Period means that you have until 3.30pm (UK time) to pay in money to avoid any overdraft fees you may incur that day.
- If you pay in enough to clear your overdraft you will not pay any fees.
- If you only clear an Unplanned Overdraft you will still pay a Monthly Overdraft Usage Fee.
The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.
Overdraft fees
We will charge you the following fees for all overdrafts, whether Planned Overdrafts or Unplanned Overdrafts:
| Overdraft amount. |
Fee. |
| Up to £10. |
No fee. |
| Above £10. |
£5 monthly fee.
Only payable if you're overdrawn by more than £10 or your agreed overdraft limit. |
We will not charge you any other fees for a Planned Overdraft but you will normally be charged interest on the amount borrowed.
Unplanned overdraft
If we agree to your request for an Unplanned Overdraft, we will charge you the following fees:
| Fee. |
Amount. |
Description. |
| Daily Fee. |
Unplanned Overdraft balance is |
You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.
We will charge you a maximum of eight daily fees in a monthly billing period. |
| £10 or less. |
£0 (Buffer applies). |
| More then £10 but less then £25. |
£5 a day. |
| £25 or more. |
£10 a day. |
Returned item.
Where you do not have enough available money to make a payment and we do not agree to give you or extend an Unplanned Overdraft, you will not be able to make that payment.
We will write to tell you we have declined your request. We will charge you the following fee:
| Returned item Fee. |
| £10 for each item. We will charge you up to a maximum of three Returned Item Fees a day. This fee will not be charged if the amount of the payment that we decline is £10 or less. |
Using other services*.
| Stopped cheque. |
Free. |
| Special cheque presentation. |
£15. |
| Returned cheque. |
| If a cheque pay into your account is returned to us unpaid by another bank or branch. |
Free. |
| Statements |
We will send you regular account statements free of charge.
If you order an extra statement at a Lloyds TSB Cashpoint. |
Free. |
| Duplicate statements. |
£5 per request. |
| Banker's draft (sterling). |
£15. |
| Holding envelopes and parcels. |
This service is no longer available. Existing users please contact the branch.
01534 845436 or 01534 845269 Jersey
01481 706317 Guernsey
01624 697113 Isle of Man
01481 822340 Alderney
|
| When we buy from you Sterling American Express or other currency travellers cheques which you bought from us. |
Free. |
| When we buy travellers cheques or foreign currency from you. |
1.5%(min £3). |
| If you have a Premier or Executive Gold Debit Card. |
Free. |
| If you have a Student or Graduate account. |
Free. |
| When you buy travellers cheques or foreign currency using a Lloyds TSB Premier, Platinum, Gold or Classic Credit Card. |
Free. |
* Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.
** An administration charge may be made for excessive requests.
*** Charges include VAT where applicable.
Cashpoint® and debit card charges*.
| When you take out cash. |
| From Lloyds TSB Cashpoint. |
Free. |
LINK machines.
All link machines will give you an advance, on-screen warning about any charges that may apply. This warning will tell you whoÕs making the charge. You will then be given the option to continue or cancel the transaction. |
Lloyds TSB does not levy a charge but the owner of the machine may. |
| From non-LINK cash machines in the British Isles and worldwide displaying the Visa sign, or over the counter at another bank or any other outlet displaying the Visa sign. |
Debit Cards Ð 1.5% of the amount with a minimum transaction charge of £2 and a maximum of £4.50.
Cashpoint Cards Ð 1.5% of the amount (minimum £1.50) per transaction.
Please note there is no maximum transaction fee. |
| When you use your card to buy foreign currency or travellers cheques. |
| From our branches. |
No handling charge. |
| From any other bank, travel agent, bureau de change or other outlet displaying the Visa sign. |
1.5% of the amount with a minimum transaction charge of £2 and a maximum of £4.50. |
| All transactions abroad. |
| Cash withdrawals and purchases made in a currency other than sterling (including those made online or on the phone) are also subject to: |
2.99% subject to foreign exchange administration fee. |
| Mini statements. |
Free. |
| Requesting a receipt. |
Free. |
* Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.
Administration fees.
We'll be happy to respond when you ask us for help with managing your day-to-day banking Ð at no charge.
But, if we have to spend a significant amount of time on a specific area, then, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you are committed.