Skip to main content

spotlight-studios
16th September 2011

Got an account? Use it, say NatWest

Student account holders with NatWest must make regular transactions and deposits to avoid losing the free overdraft service.
Categories:
TLDR

Customers who have student accounts with NatWest must now deposit £750 every six months or face charges on their overdrafts.

They will also have to make at least three purchases on card to prove that their student account is their main one.

NatWest initially told customers they would have to deposit at least £750 every three months, but relaxed the rule after complaints from customers.

Some students said they would not be able to make a deposit over the summer break because the last loan repayment of the academic year is in April.

The consumer support company Which? said it had put pressure on NatWest after a student complained on their forum.

The changes take effect from the 5th of October.


More Coverage

Nine days of strike action planned for start of term

Further disruption as UCU announce strikes on 19-22 September and 25-29 September, coinciding with first two weeks of term

UoM to give some final year students £500 due to UCU boycott

The University has confirmed students who’s final degree classifications have been delayed by the UCU Marking and Assessment Boycott will receive £500 as compensation

UoM students threatened with “data leakage” following cyber attack

Hackers have sent an email to UoM students threatening them with “data leakage”

University confirm potential graduation delays

An email update from The Faculty of Humanities confirms potential delays to graduation and their efforts to minimise the impact on students