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 Arranged Overdraft (subject to application and approval) of up to £2,010 in your first year after graduation, £1,510 in the second year and £1,010 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 (Representative 25.9% APR variable) with a limit of at least £500 (subject to application and approval), accepted wherever you see the Visa symbol at home or away.
  • Apple Pay and Google Pay are available with this account.

Find out more about Apple Pay and Google 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.

How to apply

If you would like a Graduate account with us, please visit your local branch. To make an appointment call us on 03459 758 758 

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
 

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: £2,010+ 1.30  16.77 
£0 - £2,010 0.00  0.00 
Year 2: £1,510+ 1.30  16.77 
£0 - £1,510 0.00  0.00 
Year 3: £1,010+ 1.30  16.77 
£0 - £1,010 0.00  0.00 
 
These interest rates are correct as at 01/11/2017. These interest rates are variable. 
 

Representative Example

If in year 3 of your Graduate account you use an Arranged Overdraft limit of £2,000, the overdraft interest rate we charge on the first £1,010 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.
 
 

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 Arranged Overdraft of up to £2,010 in your first year after graduation, £1,510 in the second year and £1,010 in the third year.

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

 
If you try to make a payment and you don’t have enough money in your account (including your Arranged Overdraft if you have one), we’ll treat this as a request for an Unarranged Overdraft. If it’s authorised and you use £10 or less, you won’t be charged fees or interest on the amount you’ve borrowed. If you use more than £10 you’ll get charged interest and fees on the full amount. 
 
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 10pm (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 Pennies

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.
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