Nationwide FlexAccount
Compare the Nationwide FlexAccount with the UK's best current accounts, including application criteria, incentives, facilities, overdraft, rates and fee & charges.
 |  Compare Nationwide FlexAccount details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | Nationwide Building Society www.nationwide.co.uk | ||
| Product: | FlexAccount | ||
| Apply via this site: | Not available | ||
| Application Criteria | |||
 Minimum income: | No minimum income required for use of this account. | ||
| Minimum Monthly Credit: | No minimum monthly credit required. | ||
| Minimum Investment: | There is no minimum investment required. | ||
| Maximum Investment: | The maximum investment allowed on this account is £2000000. | ||
| Minimum Age: | Customers must be over the age of 16 to open this account. | ||
| Maximum Age: | Unlimited | ||
| Existing Customer Only: | This account is not available to existing customers only. | ||
| Area Restrictions: | There are no area restrictions that apply to this account. | ||
| Transfer Assistance: | Nationwide offer a Current Account Transfer Service. | ||
| Incentives | |||
| Account Promotions: | Commission Free Travel Money Preferential savings rates, exclusively available to current account holders. | ||
| Incentive Cashback £: | There is no cashback incentive offered. | ||
| Incentive Moneyback: | This incentive is not available with this account. | ||
| Incentive Pref Rate/Deals: | Nationwide FlexAccount customers have exclusive access to e-Savings, an internet savings account and Monthly Income 60+, a passbook savings account for people aged over 60 years. | ||
| Incentive Disc/Vouchers: | This incentive is not available with this account. | ||
| Incentive Breakdown: | This incentive is not available with this account. | ||
| Incentive Protection: | This incentive is not available with this account. | ||
| Incentive Other Insurance: | This incentive is not available with this account. | ||
| Incentive Savings Sweep: | This incentive is not available with this account. | ||
| Incentive Currency: | Commission Free Travel Money If the customer has a FlexAccount they can use Nationwide's commission free Travel Money service (courtesy of Travelex). | ||
| Incentive Other: | This incentive is not available with this account. | ||
| Facilities | |||
| Internet Banking: | Internet banking is available with the following facilities: - check balances; - review a mini statement of last 12 transactions; - view statements for the last 3 months or select own dates to view even more; - transfer money to other Nationwide accounts instantly; - set up and pay regular bills such as gas, electricity and credit cards up to one month in advance; - create, view or amend standing orders; - view and cancel direct debits; - create a regular transfer between Nationwide accounts; - download transactions into Microsoft Money; - request a reminder or new PIN; - arrange an overdraft; - check current overdraft limit and how much Nationwide can offer; - activate e-Savings; - active e-Loan - if an invitation has been received. Can also enjoy limited services on a Nokia WAP phone. This includes viewing balances and recent transactions. | ||
| Branch Banking: | This account can be operated through a branch. Customers can also withdraw cash and check their balances at any Post Office free of charge. | ||
| Telephone Banking: | Nationwide's Telephone Banking Service is available. A telephone Self Service Banking facility is also available. This uses speech recognition technology as well as 'touch tone' functions. Through this the customer can access their account 24 hours a day, 7 days a week. Telephone Self Service will allow the customer to: - Check balances(account & available balance) - Listen to recent transactions (last 6 transactions) - Make payments to an existing Bill Payment arrangement - Make real time transfers to other Nationwide accounts | ||
| Post Office Banking: | Customers can make the following transactions at a Post Office branch: withdraw funds and check their balance using their card and PIN. | ||
| Standing Orders: | Standing order facilities are available. | ||
| Direct Debits: | Direct Debit facilities are available. | ||
| BACS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| CHAPS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| Bill Payment Service: | Bill payment service is available. | ||
| Statement Frequency: | Statements are issued monthly. | ||
| Min Additional Deposit: | Unlimited | ||
| Minimum Withdrawal: | Unlimited | ||
| Withdrawal Restrictions: | Withdrawal Conditions - None. | ||
| ATM Card: | An ATM card is available. | ||
| ATM Mini Statements: | Mini statements are available through the ATM showing the last 12 transactions. | ||
| Max ATM Withdrawal: | The maximum ATM withdrawal is £300.00. | ||
| Cheque Book: | A cheque book is available. | ||
| Cheque Guarantee Card: | A cheque guarantee card of up to £100 may be issued subject to status. | ||
| Cheque Clearance Time: | Cheques clear for withdrawal after 4 working days. | ||
| Debit Card: | Visa debit card is available. | ||
| Debit Card Type: | VIsa debit card is available. | ||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Text Messaging Events: | Text message events are not available. | ||
| Text Mini Statements: | Mini statements can be sent via text message, at no extra cost. | ||
| Travel Ins Winter Sport: | This incentive is not available with this account. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are available subject to status. Only available to those aged 18 and over. | ||
| Interest Free O/D Limit: | An interest free overdraft facility is not available. | ||
| Automatic O/D Facility: | There is no automatic overdraft facility automatically set up when this account is opened. | ||
| Overdraft Buffer Limit: | An overdraft buffer limit of £30 is available on this account. Interest will be charged at unauthorised overdraft rates | ||
| Overdraft Arrangement Fee: | There is no authorised overdraft arrangement fee. | ||
| Auth O/D Rate-APR/EAR: | The annual authorised overdraft rate is 12.90% EAR. | ||
| Mthly Auth O/D Charge: | There is no monthly authorised overdraft administration fee. | ||
| Unauth O/D Rate-APR/EAR: | The annual unauthorised overdraft rate is 24.90% EAR. | ||
| Mthly Unauth O/D Charge: | The monthly fee for an unauthorised overdraft is £20 if overdraft is £30 or more. | ||
| Overdraft Letter Charge: | There is no charge for an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 0.00% AER. | ||
| Rate Guarantee: | There are no interest rate guarantees. | ||
| Introductory Bonus: | No introductory bonus payable. | ||
| Amount of Bonus: | The bonus amount is - 0% | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Non Standard Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £0 0.00% 0.00% 0.00% | ||
| Gross AER - £1/£50: | 0.00% | ||
| Gross AER - £500: | 0.00% | ||
| Gross AER - £1,000: | 0.00% | ||
| Gross AER - £2,500: | 0.00% | ||
| Gross AER - £5,000: | 0.00% | ||
| Gross AER - £10,000: | 0.00% | ||
| Gross AER - £25,000: | 0.00% | ||
| Gross AER - £50,000: | 0.00% | ||
| Gross AER - £100,000: | 0.00% | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Interest on Withdrawal: | Interest ceases to be paid at midnight the night of withdrawal. | ||
| Int Added to Account: | Interest will be added to the account. | ||
| Interest Paid by Cheque: | Interest cannot be paid by cheque or warrant. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to a bank or building society account. | ||
| Int Paid to Other A/c: | Interest cannot be paid to another Nationwide Building Society account. | ||
| Int After Cash Deposit: | Interest begins to be paid at midnight the night of deposit. | ||
| Int After Cheq Deposit: | Interest starts being calculated on a cheque deposit 2 working days after the cheque has been deposited. | ||
| Int After BACS Deposit: | Interest will be paid on a BACs deposit 1 working day after it has been deposited. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | Unlimited | ||
| Fee & Charges | |||
| Free Banking: | Free banking is available. | ||
| Monthly Charge: | There is no monthly servicing charge. | ||
| Standing Order Charge: | There is no charge for payment of a standing order mandate. | ||
| S/O Setting Up Charge: | There is no charge for setting up a standing order mandate. | ||
| S/O Amendment Charge: | There is no charge for amending a standing order mandate. | ||
| S/O Cancellation Charge: | There is no charge for cancelling a standing order mandate. | ||
| Unpaid S/O Charge: | The charge for an unpaid standing order mandate is £30.00. | ||
| Direct Debit Charge: | There is no charge for payment of a direct debit mandate. | ||
| Debit card charge Europe: | Nationwide charge no fee of any kind for transactions or withdrawals abroad. | ||
| D/D Setting Up Charge: | There is no charge for setting up a direct debit mandate. | ||
| D/D Amendment Charge: | There is no charge for amending a direct debit mandate. | ||
| D/D Cancellation Charge: | There is no charge for cancelling a direct debit mandate. | ||
| Unpaid D/D Charge: | The charge for an unpaid direct debit mandate is £30.00. | ||
| CHAPS Charge: | The charge for CHAPS transfers is £20. | ||
| Stopped Cheque Charge: | No charge is made for stopping a cheque. | ||
| Unpaid Cheque Charge: | The charge for an unpaid cheque is £30.00. | ||
| Transaction Charge: | No charge is made for standard banking transactions on this account. | ||
| Unauth Transaction Fee: | Card misuse fee: Making a guaranteed payment that causes an unauthorised overdraft or causes the overdraft limit to be exceeded will result in a card misuse fee of £21.50 per item. | ||
| ATM Withdrawal Charge: | The customer can withdraw money from Nationwide, LINK or CIRRUS cash machines with no fees from Nationwide. Nationwide will not charge members for using any cash machines, but the machine provider may make charges over which Nationwide have no control. | ||
| ATM charge Europe: | Nationwide charge no fee of any kind for transactions or withdrawals abroad. | ||
| A/c Transfers Int. Free: | An interest free overdraft is not offered with account transfers. | ||
| Bankers Reference Charge: | No charge is made for a bankers reference. | ||
| Copy Cheque Charge: | A charge of £5 is made for a copy of a cheque. | ||
| Duplicate Stat Charge: | A charge of £5 is made for a duplicate statement. | ||
| Special Clearance Charge: | There is a charge of £12 for special clearance of a cheque. | ||
| Forex fee % Europe: | Nationwide charge no fee of any kind for transactions or withdrawals abroad. | ||
| Other Charges: | There are no other charges. | ||
| Compare | |||
| Products: | www.nationwide.co.uk Current Accounts | ||
