Santander UK has today launched a prize draw for new Santander Edge Student current account customers, with 20 students due to win £27,750, the equivalent three years’ worth of tuition fees1 and 30 students in line to win £9,250, the equivalent of one year of tuition fees. In addition to the prize draw, all Santander Edge Student current account holders also benefit from a free four-year Santander 16-25 Railcard card.
To be eligible to enter the prize draw, customers must open a Santander Edge Student current account between 15 July and 30 September 2024 and during this period, deposit at least £500 into the account, which will need to remain open for the prize to be paid out.
All customers eligible for the Santander Edge Student current account, including UK undergraduates and apprentices (levels 4-7), will be automatically entered into the prize draw if they open the account and meet the eligibility requirements.
The Santander Edge Student current account also comes with a free four-year Santander 16-25 Railcard, which gives card holders a third off train travel across England, Scotland, Wales, and the London Underground when the card is linked to an Oyster card. The average 16-25 Railcard user saves £1922 a year with the card, meaning a potential average saving of £768 over the four-year term.
Andrea Melville, Director of Current Accounts, Savings and Business Banking, Santander said: “We all know that every penny matters when it comes to students’ finances. Whether it’s paying for rent, groceries, travel, or a night out, it all adds up - and as the new academic term is around the corner, we wanted to give our student customers a little helping hand. That’s why, our student account continues to offer the free railcard, making travel easier on the wallet, and for a limited time, we’ll be giving students the chance to win their tuition fees back.”
The Santander Edge Student current account is available to open online or in branch and to all students, regardless of their year of study3. In addition to the free four-year Railcard, the account offers:
- A guaranteed interest-free overdraft of £1,500 for the first three years of study for customers accepted for the Santander Edge Student current account. This can increase up to £1,800 in the fourth year and up to £2,000 in the fifth year (subject to status, and if students continue with their studies);
- No fees for using Santander cash machines abroad when customers travel;
- Cashback, vouchers, prize draws and other offers available through our free rewards program, Santander Boosts;
- Personalised spending analysis to help customers stay on top of their spending through My Money Manager;
- A contactless debit card, digital banking (mobile banking app and online banking) and contactless payments with an Apple, Android or Samsung device; and
- Easy switching to Santander with the Current Account Switch Service
Santander UK also has a range of budgeting tools and tips to cut spending on food shops and energy bills. Alongside specific help and support for students and apprentices, many of whom will soon find themselves responsible for household bills and managing their wider finances for the first time.
To open an account or for more information, visit Santander Edge Student | Santander UK.
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Notes to Editors
- Tuition fees based on tuition cost in England. There is no obligation for the winners to use their prize to pay their tuition fees. Winners will be contacted no later than 21 October 2024 to confirm they have won and will then be paid their prize directly into their Santander Edge Student current account.
- Based on the average savings made by 16-25 Railcard holders between April 2023 and March 2024, excluding price of Railcard. For more information on this visit 16-25 Railcard website.
- Customers who are not in their first year of university must switch an account from another provider as part of their application for the Santander Edge Student current account. Account eligibility applies.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2023, the bank had around 19,800 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 444 branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.