Santander student overdraft

For anyone who has the santander student bank account, how long did it take for the £1.5k overdraft to be available once putting the £500 in?

Reply 1

Jewelzela

It's basically immediate as far as I remember, although I have had my accounts for 3 years now

Reply 2

jamespeter2296

Hi, usually the overdraft will be credited immediately into your bank account.

Reply 3

Tatey03

Original post by erinwh12

For anyone who has the santander student bank account, how long did it take for the £1.5k overdraft to be available once putting the £500 in?

Do you have to put in £500 as a one lump sum or as long as you’re putting in £500 every 4 months the overdraft remains available?

Reply 4

normaw

Clearing and Applications Advisor, Universities Forum Helper

Original post by Tatey03

Do you have to put in £500 as a one lump sum or as long as you’re putting in £500 every 4 months the overdraft remains available?

In theory, it doesn't have to be one lump sum but you must also satisfy the following conditions:

The account must be used as your main or primary current account.

Your main form of funding, for example your student loan, grants, parental contribution, and/or income from any employment, must be paid into it. If you don’t regularly pay in your main form of funding, we may discontinue some of the services offered on your account or close your account.