Barclays International Student Account: Opening, Benefits

If you are planning to study abroad, one of the core things you will have to manage as an international student is your finances. Many students choose to manage their finances via a student bank account. The reason why students choose to do so is that the student bank account offers an interest-free overdraft facility. This facility allows students to have financial breathing space during and after their studies. And if you are also interested in opening a Barclays International Student Account, continue to read this blog.

Benefits of Barclays International Student Account

The following are the benefits of a Barclays International Student Account:

Interest-Free Overdraft Facility 

Barclays international student account provides students with a 5,000 GBP (5.06 Lakh) interest-free overdraft facility during their first term. During their first year, this amount will increase to 1000 GBP (1.01 Lakh) after the first term. In the second year, the amount will again increase to 1,500 GBP (1.51 Lakh) and will remain the same for the rest of your years of study.

You can Track your Spending with Barclays App 

As you open a Barclays international student account, you can download their app through which you can track your spending, set limits, and categories them, it even allows you to temporarily freeze your debit cards. This provides great benefits to students who wish to manage their finances in a better way. 

Free Subscription to Perlego for a year

As you open a Barclays international student account, you can avail of the free 12-months subscription to Perlego. This allows students online access to thousands of academic e-books. This will save students the cost of buying each book individually and save money on books.

Eligibility Criteria

The students must meet the following eligibility criteria to open a Barclays international student account:

• The candidate must be of age 18 years or above
• The candidate must be a full-time studying student in the UK
• The candidate must use the bank account as a primary account
• The candidate must be a part of:
• An undergraduate degree (2 years minimum length)
• Postgraduate degree (1-year minimum length)
• A Higher apprenticeship (level 4+)

How to Apply for a Barclays International Student Account

The following are the steps to open a Barclays International Student Account:

• If you are new to Barclays, you will need to download the app first and create a passcode to access the app safely
• Take a picture of your identity documents such as a passport or driving license
• You will be required to record a video of yourself for identity verification
• You will also be required to provide the details of your course and your UCAS status code
• You will also have to provide your consent to a credit check

Features

The following are the features of using Barclays account services:

• You can keep track of your money and check all your payments and expenditures
• You are in control and can access your account and debit card through the app
• Make easy payments through your mobile phones, and smartwatches. You can send and receive money using your mobile number and without sharing your bank details

FAQs 

This was all about the benefits of a Barclays International Student Account. If you wish to know more about international transfer and education loans, check out Fly Finance. If you wish to study abroad in the UK, USA, or anywhere in the world, connect with our experts at 1800 57 2000 and book your 30-minute free counselling session.