Graduate Bank Account

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.
  • Free £10 Overdraft Buffer  
  • Apple Pay and Android Pay are available with this account.

Find out more about Apple Pay  and Android Pay .

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

Graduate Account % Per Month % EAR variable*
Year 1: £2,000+ 1.30  16.77 
£0 - £2,000 0.00  0.00 
Year 2: £1,500+ 1.30  16.77 
£0 - £1,500 0.00  0.00 
Year 3: £1,000+ 1.30  16.77 
£0 - £1,000 0.00  0.00 
 
These interest rates are correct as at 01/08/2014. These interest rates are variable. 
 
* 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.
 
 

Internet Banking
The quick and easy way to control your money. Pay bills, check balances, transfer money between accounts, set up and cancel standing orders, view and cancel Direct Debits and more.

Find out more and get started with Internet Banking

Mobile Banking
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.

Find out more and get started with Mobile Banking

Telephone Banking

You can call our Telephone Banking service on 03459 758 758.

Lines open 24/7.

Use our quick automated service to:

  • Check your balance and recent transactions
  • Pay your bills
  • Transfer money
  • Check your Direct Debits or Standing Orders

And you can speak to one of our advisers if you have a more complex query.

Find out more about Telephone Banking

These services are available if you are over 16.

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.

More about the Visa debit card

An interest and fee-free tired Planned Overdraft of up to £2,000 in your first year after graduation, £1,500 ain the second year and £1,000 in the third year.

Overdrafts are subject to application and approval and are repayable on demand.

 

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.

If your account goes over its limit, our Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any Overdraft fees you may incur that day.

Every time you use your TSB Visa debit card we'll round up the amount you spent to the nearest pound and transfer the difference from your current account into an eligible TSB savings account.

Find out more about Save the Change

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.
 
Text alerts are free but your mobile operator may charge for some services. Please check with them.
 
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.
 
Save the Change® is a registered trademark and is used under licence by TSB Bank plc.

How to apply

Are you a non-UK EU resident?

Financial Services Compensation Scheme

FSCS
 
Visit fscs.org.uk to find out more

We're making some changes to our terms and conditions

There are some changes coming to the way you bank with us. As part of this, we’re making our terms and conditions even clearer, which is good news for everyone.

Find out more

Read summary of changes PDF (720KB)

You can find the updated terms and conditions here

Call

Call

Bank over the phone 24/7 using our automated service - call 03459 758 758.

Telephone Banking
Visit

Visit

Find your nearest branch or cash machine using our Branch Locator tool.

Find branches