The Nationwide account launched on 1 July and offers £100 cashback, £120 of Just Eat vouchers, and up to £40 in Just Eat vouchers for referring friends.
To get £100 cashback, students need to credit their FlexStudent account with at least £500 before 12 December 2025 – the £100 will then be paid within 14 days.
Eligible account openings will receive a Just Eat registration code and can access a £10 voucher code every month for the first 12 months – totalling £120. Students can also bag an extra £40 of Just Eat vouchers for successfully referring up to two friends (£20 each), while their friend also pockets £20 if they open an account.
Student overdraft
Students with a FlexStudent account can apply for an interest-free, fee-free, flexible overdraft of up to £1,000 in the first year, up to £2,000 in their second year and a maximum of £3,000 in year three. They’ll need to pay in at least £500 each term, keep up with bill payments, and stay within their arranged overdraft limit.
FlexStudent also offers commission-free purchases and cash withdrawals abroad.
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Students with a FlexStudent account will have access to FlexGraduate when they graduate. This is a post-university current account with an interest-free, fee-free arranged overdraft designed to give graduates time to pay off their overdraft once their course has finished.
Tom Riley, director of retail products at Nationwide Building Society, said: “Students loved this offer last year; in fact, the account attracted more than a quarter of the student current account market. That’s why we’ve worked even harder this year to make FlexStudent even better.
“For many students, starting university marks the first time they’ve lived away from home and managing money and meals quickly becomes a top priority. We hope our cashback offer, Just Eat collaboration and referral scheme helps make their first year that little bit easier. Combined with the interest-free, fee-free arranged overdraft and commission-free usage abroad, we’re doing what we can to help make university life as simple and fun as possible.”
