You are here: Home - Saving & Banking -

Lloyds’ Student Account offers free Totum card

Written by: Emma Lunn
Lloyds Bank has launched its 2019 Student Account which includes a three-year Totum discount card worth £32, and a fee-free overdraft of up to £1,500.

The Totum Card, previously NUS Extra, gives students access to more than 200 UK discounts on the high street and online including at Odeon, Apple, Co-op, New Look, ASOS and Thorpe Park. It also offers 42,000 discounts worldwide with a free International Student Identity Card (ISIC).

The Lloyds Student Account offers a fee-free tiered arranged overdraft of up to £1,500 in years one to three, which can be extended up to £2,000 in years four to six.

The account also comes with a contactless debit card, which can be added to Apple Pay or Android Pay, and “Everyday Offers” which offers up to 15 per cent cashback at selected retailers including Morrisons, Costa, Nando’s, Just Eat, Subway and New Look.

Gabrielle Collins, head of current accounts for Lloyds Bank, said: “We’re delighted to launch this year’s student account which continues to offer a great range of features designed to make students’ money go further.

“Alongside the rewards students can get their hands on through Everyday Offers, the new Totum card gives access to even more fantastic deals. As always, access to their money will never be more than a tap away with our own five-star mobile app and our range of text alerts which will give them even more control over their finances.”

Students can use the Lloyds banking app to track their spending and account balances, transfer money between their accounts, pay friends and bills, and manage their direct debits and standing orders.

Eligibility for Lloyds Student Account

To be eligible to open a Lloyds Bank Student Account, customers need to be aged 17 or over and studying on a course that is full-time and two years or more in duration, or a one-year Access course leading to a degree.

Applicants need to have been a resident in the UK for the past three years. They will also need to provide a UCAS confirmation letter confirming their place or a letter from their university or college. New customers will also need to provide proof of ID and address.

Lloyds is the second high street bank to launch its student offering for 2019. HSBC is offering £100 cash plus 12-month membership of British Cycling.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Calls for energy price cap review

Compare The Market is calling on the government to review the energy price cap as the gap between default and...