Results are out! Find what you Get quick advice or join the chat
Hey there! Sign in to join this conversationNew here? Join for free

What happens to a student account/overdraft after you finish uni?

Announcements Posted on
Review your Uni: we’re almost at 10,000 reviews. Our 10,000th will win £100 amazon voucher! 21-09-2015
  1. Offline


    I have a student account with one of the banks. I'm around 1300 in overdraft (limit is 2000). After I finish uni and am no longer a student what does the bank then do to the student account and the overdraft. Will they convert my account to a normal current account and if i am in overdraft what will happen, will they ask for it back immediately or will they charge interest on the amoun that I am in overdraft and if so will that be alot?

  2. Offline

    They will periodically lower your overdraft limit, expecting you to slowly bring the balance down. You should contact your bank for the exact terms as they will differ.
  3. Offline

    natwest you get a 1 yr period in which it remains the same and you get to pay it back, kinda cool
  4. Offline

    Depends on the banks terms and conditions.
  5. Offline

    I've heard of one bank automatically converting you to a graduate account, which has a bigger overdraft limit (slightly) therefore, they're noticing you might not have a steady income. No bank should expect you to pay your overdraft off as soon as you finish your's not how the world works!


Submit reply


Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: June 11, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Today on TSR

You know you're a student when...

What's your defining moment?

Are you in love?
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.