Nationwide has unveiled a new set of incentives aimed at first-year university students, offering up to £280 in cash and vouchers.
This promotion is available to those who open a FlexStudent current account and fulfill certain conditions. The FlexStudent account has gained considerable popularity, capturing more than a quarter of the student current account market last year.
Nationwide, which has not disclosed the exact number of accounts impacted, encourages students to take advantage of the rewards, including cashback and vouchers.
According to DevonLive, the offer includes both immediate and long-term financial benefits, designed to assist students during and after their university years.
How to Qualify for the Rewards
To qualify, students must open a FlexStudent account and deposit £500, which could be from their student loan, by December 12.
Once the deposit is made, students will receive £100 in cashback within 14 days.
Additionally, they will gain £120 in Just Eat vouchers for the first 12 months of account activity, redeemable online.
The account also offers a £10 voucher each month, adding up to £120 over the first year.
Referral Bonuses and Further Benefits
Students can also benefit from £40 in vouchers through referrals. For every two friends they successfully recommend to open a FlexStudent account, they will receive £20, and their friends will receive £20 as well.
This increases the potential rewards an individual can earn.
Nationwide also highlights that these rewards go beyond university years, with students gaining access to the FlexGraduate account, which is specifically
Designed to help students find their feet after university, allowing them time to pay off their overdraft once their course has finished.
Flexstudent Account Features
The FlexStudent account provides substantial financial flexibility with an interest-free overdraft reaching up to £1,000 in the first year, £2,000 in the second year, and £3,000 in the final year.
This account is designed to support students in managing their finances while they focus on their studies, with features like commission-free overseas spending and fee-free cash withdrawals abroad.
Exclusive Student Banking Benefits
Along with the cashback and vouchers, students benefit from a fee-free banking experience, which includes free account management and no charges for overseas transactions.
The account’s features aim to provide both immediate rewards and long-term financial support during their university years and beyond.
Students can potentially receive £280 in total rewards: £100 cashback, £120 in Just Eat vouchers, and £40 in additional vouchers through the referral program.
For students who are looking for a current account tailored to their specific needs, the FlexStudent account offers not only rewards but also a comprehensive set of financial tools aimed at making student life more manageable.
