Students can open a new account from 1 August 2025. To get the cash incentive, students need to pay in at least £500 between 1 August and 31 October 2025.
To get the £90 in Deliveroo vouchers – paid as £15 per month for six months between November 2025 and April 2026 – account holders need to qualify for the cash incentive and also make 20 qualifying debit transactions each month.
Inter-account transfers, gambling transactions, and buying foreign currency or cryptocurrency don’t count as qualifying debit transactions.
An interest-free tiered arranged overdraft, subject to application, of up to £1,500 is available in years one, two and three. For students studying for longer than three years, an up-to-£2,000 interest-free overdraft is available in years four, five and six.
Martin Turner, head of personal current accounts at Lloyds, said: “We know student life can be hectic and expensive, so we’ve packed this account with real value. From £100 cash in your pocket to six months of Deliveroo vouchers, it’s our best student offer yet. Whether it’s burgers – the most popular Deliveroo cuisine by students – or a healthy cucumber snack – the number one shopping choice (yes, really), we’re helping students fuel their studies and enjoy their downtime.”
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Georgie Williams, director of loyalty at Deliveroo, said: “We’re thrilled to partner with Lloyds to make student life even more delicious and convenient! From late-night study snacks and grocery essentials to well-deserved weekend treats, Deliveroo is proud to be a go-to for students across the UK. This fantastic offer means students can order everything from their favourite meals, groceries or pharmacy essentials delivered directly to their door, no matter the moment, giving them one less thing to worry about as they navigate university life.”
How can students apply for an account?
To open a Lloyds 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 their four-digit UCAS status code or a confirmation letter confirming their place from their university or college if they have not applied via UCAS. New customers will also need to provide proof of ID and address.
Nationwide and NatWest have both announced their 2025 student account offerings in the past few weeks.
