Santander is a leading international bank with a long history of providing banking services to students. With the introduction of student overdrafts, Santander has become the go-to bank for students looking to make the most of their finances. But do Santander extend student overdrafts? In this article, we take a look at the details of Santander’s student overdrafts and how they can be extended.
Student Overdrafts at Santander
Santander offers student overdrafts up to £2,000. This is available to students who have a Santander student current account. The overdraft is interest-free for up to three years and can be used for any purpose, such as living costs, tuition fees, books or travel.
The overdraft is available to students aged 18 or over and is subject to a credit check. Santander also offers a free overdraft review service, which can help students make the most of their overdraft and help them manage their finances.
Extending the Student Overdraft
Santander offers the option to extend the student overdraft up to £3,000. This is subject to a further credit check and is only available to students who have held their Santander student current account for at least one year.
The overdraft extension is also subject to a number of conditions, including that the student must have a good credit record and must not have exceeded their overdraft limit in the past 12 months.
The overdraft extension is also subject to a fee of £25 and must be repaid within three years.
Santander offers a range of student overdrafts to help students make the most of their finances. With the option to extend the student overdraft up to £3,000, Santander is a great option for students looking for a reliable and flexible banking service.