You’ve left university behind. Been there, done that. Now what? We know you need time to find your feet and get established in your new life. Our Graduate Current Account can give you the leg up you need.
Reasons to choose our Graduate Bank Account
We’re here to help you manage the transition from university, with an interest and fee-free tiered Planned Overdraft (subject to application and approval) of up to £2,000 in your first year after graduation, £1,500 in the second year and £1,000 in the third year. Repayable on demand.
A graduate loan of between £1,000 to £10,000 over 1 to 5 years (subject to application and approval - rates may vary depending on individual circumstances).
Make things happen wherever you are with a TSB Visa Debit Card and a TSB Classic Credit Card with a limit of at least £500 (subject to application and approval), accepted wherever you see the Visa symbol at home or away.
To apply for a Graduate Account, you must be 18 or over, be a permanent UK resident and have graduated (and have confirmation of your graduation) within the last three years with a qualification from a UK based university.
You'll need to provide
A 10 year passport or driving licence and proof of graduation
An existing bank statement or copy of a utility bill dated within the last 3 months
Bank statements from the past 6 months and evidence of overdraft limit set
Your current Debit Card and letter of employment (if this isn’t included on the statements)
How to apply
To apply for the Graduate Account you must:
Transfer your Current Account from your existing bank if you’re not already a TSB customer
Pay at least £500 into your account per month (if you are moving your account to us)
Be 18 or over, be a permanent UK resident and have graduated (and have confirmation of your graduation) within the last three years with a qualification from a UK based university
Rates and charges
It's important that you understand how your account works.
We've added information below about our interest rates and you can find all the documents relevant to this account in the Important Documents section.
Graduate Overdraft Interest Rates
% Per Month
% EAR variable*
Year 1: £2,000+
£0 - £2,000
Year 2: £1,500+
£0 - £1,500
Year 3: £1,000+
£0 - £1,000
These interest rates are correct as at 01/11/2017. These interest rates are variable.
If in year 3 of your Graduate account you use a Planned Overdraft limit of £2,000, the overdraft interest rate we charge on the first £1,000 will be 0% EAR variable and a Monthly Overdraft Usage fee will not apply. The overdraft interest rate on the next £1,000 will be 16.77% EAR variable. A Monthly Overdraft Usage fee of £6 will apply.
* EAR variable is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.
Make it easier to manage your money on the go. It means you can do your banking on the move from most internet-enabled mobile devices - either using our app or via your mobile device's browser.
Your TSB Visa debit card is an amazing piece of plastic. Accepted in millions of places and cash machines worldwide, it's incredibly convenient. It's just as safe to use abroad as at home, so it's a simple alternative to carrying cash.
We have two helpful buffers on our current accounts, £10 on a Planned Overdraft and £10 on an Unplanned Overdraft. So your payments can still be made even when you're a little short on money. Here's how they work:
If you have a Planned Overdraft and you borrow £10 or less, you won't be charged fees or interest on the Planned Overdraft. But if you borrow more than £10 over any interest and fee-free amount, you will be charged your Planned Overdraft fees and interest including the Planned Overdraft buffer.
If you have an Unplanned Overdraft of £10 or less, you won't be charged fees on the amount you've borrowed. But, you will be charged interest on any amount you borrow using an Unplanned Overdraft, including the £10 buffer. If you borrow more than the £10 Unplanned buffer, you will be charged both Unplanned Overdraft fees and interest on the full amount, including the buffer.
Overdrafts are subject to application and approval, and are repayable on demand.
Account Opening is subject to our assessment of your circumstances. You must be 18 or over and a UK resident to apply.
Overdrafts are subject to application and approval and are repayable on demand.
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We don’t charge for your use of Mobile Banking but your mobile operator may charge for some services, please check with them. Mobile Banking is available on most internet enabled mobile devices. Services may be affected by phone signal and functionality. You must be registered for Internet Banking. Terms and conditions apply.
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