Barclays Bank highly commended as student account provider of the year 2021

Barclays Bank has been highly commended for the student account provider of the year 2021 at the Moneyfacts Consumer Awards last month. Analysts at Moneyfacts reviewed the students account available from financial providers to create a shortlist. These then went forward to a public vote to decide the winners, highly commended and commended brands.

Pip Landers-Letts, Barclays’ Head of Youth, Student & Graduate Propositions, Barclays says: “ It is great to see the Barclays Student Additions Account recognised for the way it can support students as they embark on their studies. The start of university is such an exciting time, but often there is lots to do to make sure you are fully equipped for student life - being able to set up our Student Additions Account from the Barclays app is a quick and easy task, which frees up more time to focus on the start of your studies and settle into university.”

• Barclays Bank offers a student bank account called Student Additions Account. This account helps students to budget for life at university. The account has no hidden charges and no fees to open or use an account. The Barclays app can also help students stay on top of their finances from checking everyday spending habits to keeping track of regular bills.
• An additional feature is free access to the online library Perlego for 12-months, this gives students unlimited access to over 500,000 academic and non-fiction books.
• Money Mentors - Students can also access free impartial help from the Barclays Money Mentors team. They’ll help with everything from how to budget to how credit scores work, cutting through all the jargon

Find out more about Barclays Bank Student Additions.

The Student Additions Account also offers an interest free overdraft. This starts at a maximum overdraft of £500 during the first term, £1,000 in the first year of university, increasing to £2,000 and £3,000 in years two and three. It is also possible to have a higher arranged overdraft and this may be subject to interest charges.

You can apply for a Student Additions Account using the Barclays app if you have a mobile number. Those applying will need to be at least 18, in full-time higher education, or a higher apprentice (level 4+), have a UK residential address and have photo ID.

Moneyfacts also reviews student bank accounts to identify those with the best features. The best student bank accounts are given a four and five-star rating.