NatWest Student Account 2008-09: A Guide

pman

I just rang up NatWest to request the overdraft for my 1st year and she said that it'd take 72 WORKING hours to process my application. She said this was because I'm a new borrower and she needs to fax the application to Head Office.

Is this correct, I've not heard of other people going through this process? Seems a bit strange for a student?

silvercar

My son opened his account at a branch last friday - so a whole week ago- and the account still hasn't been set up. He already had a natwest account, so it should have been easy to do. No welcome pack or cheque book etc have arrived at the branch yet.

natweststaffmember

silvercar wrote: »

My son opened his account at a branch last friday - so a whole week ago- and the account still hasn't been set up. He already had a natwest account, so it should have been easy to do. No welcome pack or cheque book etc have arrived at the branch yet.

Did he convert his existing account or was it a new student account?

natweststaffmember

pman wrote: »

I just rang up NatWest to request the overdraft for my 1st year and she said that it'd take 72 WORKING hours to process my application. She said this was because I'm a new borrower and she needs to fax the application to Head Office.

Is this correct, I've not heard of other people going through this process? Seems a bit strange for a student?

THere are occasions where an aplication form does need to be sent off. The 72 hours quoted maybe because of the weekend.

natweststaffmember

smalandcute wrote: »

hi natweststaffmember

was wondering i could open the student account and only have my salary go into it instead of my student loan because i like to keep them seperate, is this possible and do i still get the overdraft. i have read the t&c's online and it says my salary can go in as a source of funding but can i do this?

I would say that shouldn't be a problem, however the terms and conditions do state that student funding goes into that account(it does not say it has to stay there, of course).

natweststaffmember

WillowFae wrote: »

Is there anywhere on the Natwest website that details the eligibility for a student account. I'm doing a one year PGCE which according to details posted here qualifies, but I have heard from people who have had real problems getting an account opened.

I'm not aware of this being an issue. Students doing a one year PGCE do qualify for the Student account but not the "incentives/bribes".

natweststaffmember

x-Princess-Vikki-x wrote: »

Hi, i applied for my bank, got my welcome pack, railcard etc. but i havent been contacted by my home branch to collect my card, cheque book etc. how long does this take? been waiting about 2 weeks and no one answers when i call.

also, what type of debit card do u get? or is it just a cash card? Thanks

should be 5 working days(1 week). Pop into the branch and ask. THe card will have to be activated for a PIN number to be produced.

silvercar

natweststaffmember wrote: »

Did he convert his existing account or was it a new student account?

New account.

Hopefully its just a matter of time as his friend did the same three days ahead of him and his pack and account stuff was ready for collection today.

He was given the letter with his account details on the day of the appointment and has had a letter about online banking. He just needs the online banking PIN number to arrive in the post and for the cheque book, switch card and welcome pack to arrive at the branch. The CA in the branch checked today and the the pack hadn't arrived. Bit of a pain as he's off on holiday this weekend and won't have much time before uni to collect stuff when he returns.

As he already has his account number, he was able to tell the student loan company what his account number will be, so no great concern as he doesn't need actually need access to the account for 2 weeks. Would have been a problem if he needed to access his (approved) overdraft before then!

John_0771

John_0771 wrote: »

How long till I get contacted? I sent off my evidence and proof of id (inc. birth certificate) about a week ago.

Can anyone say how long theirs took after they sent their birth certificate etc off?

natweststaffmember

It might be worth him getting the branch to send the things out directly to him if he cannot get into the branch. Is he going abroad?