The TSR Community Awards 2025 are now live >>

Student Finance Revolut

I am an EU student that has been in the UK for the last 5 years, soon to get my "settled status" in the summer. I need to apply for student finance for university but all the banks I've applied to denied me. I decided to go with Revolut and open an UK bank account but I'm afraid it might not be considered valid due to Revolut being an online bank.

Is Revolut valid or should I look at other options?

Reply 1

Graeme SFE

Official Rep

Original post

by TSUKUYOMI5150

I am an EU student that has been in the UK for the last 5 years, soon to get my "settled status" in the summer. I need to apply for student finance for university but all the banks I've applied to denied me. I decided to go with Revolut and open an UK bank account but I'm afraid it might not be considered valid due to Revolut being an online bank.
Is Revolut valid or should I look at other options?

Hi there,

You can use a Revolut account, yes - we submit the payments using the BACs system.

So long as your account accepts BACs payments then this should be fine.

Thanks, Graeme