Nationwide Flex Account

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The Nationwide Flex Account is a basic current account on offer from the world's largest building society. Nationwide attempt to give more to their customers and holding a Flex Account can reward you with great deals and exclusive offers on other Nationwide products. With an online account transfer service it hasn't been so quick and easy to transfer your direct debits, standing orders and bill payments.

For more information or to apply for your Nationwide Flex Account then please follow the links provided.


Compare Nationwide Flex Account

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

Overdraft Rate (EAR)

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

Overdraft buffer

The maximum amount you can go overdrawn without incurring interest fees or penalty charges.

Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.

Nationwide Flex Account
  • Free UK & European travel insurance when you pay in £750 per month
  • Discounted personal loans and other Flexclusive product offers
  • No monthly account fee
0%
  • Interest AER Details
  • No interest is paid on in-credit balances on this account
18.90%
  • Overdraft Details
  • Arranged overdraft fees: 0% for the first 3 months (conditions apply)
  • 18.9% EAR (variable) thereafter
  • Unrranged overdraft fees: 18.9% EAR (variable) + an unarranged overdraft usage fee of £20 per month
  • First time fee refund - Nationwide will refund the first overdraft fees you incur
£15NoneFreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age16
Permanent UK ResidentYes
Minimum Monthly creditNone (£750 to be eligible for travel insurance)
Monthly FeeFree
REVIEW
Representative Example: If you use an overdraft limit of £1,200 a 18.9% EAR (variable) charge will apply

Our service is free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with a green button.
asteriskAccounts with an asterisks have terms and conditions applied, place your mouse cursor over the asterisk to view the terms.

Other current accounts by Nationwide Flex Account

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

Overdraft Rate (EAR)

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

Overdraft buffer

The maximum amount you can go overdrawn without incurring interest fees or penalty charges.

Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.

Nationwide FlexDirect
  • 5% AER on balances up to £2,500 (conditions apply)
  • Fee-free overdraft for 12 months (subject to approval)
  • Access to special rates and exclusive products
5%
  • Interest AER Details
  • 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months) if you pay in at least £1,000 per month.
  • After the first 12 months the rate reverts to 1.00% variable.
  • No interest on balances over £2,500.
0%
  • Overdraft Details
  • Arranged overdraft fees: 0% for the first 12 months
  • 50p per day on balances over £10 thereafter (the first £10 of your arranged overdraft is free)
  • Unarranged overdraft fees: 50p per day on balances up to £10
  • £5 per day on balances over £10 and are capped at £60 per month
  • First time fee refund - Nationwide will refund the first overdraft fees you incur
None£1,000FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age16
Permanent UK ResidentYes
Minimum Monthly credit£1,000
Monthly FeeFree
REVIEW
Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable)
Nationwide FlexPlus
Includes worldwide travel insurance, mobile phone insurance, breakdown cover and extended warranty
3%
  • Interest AER Details
  • 3% on balances up to £2,500
  • No interest on balances over £2,500
0%
  • Overdraft Details
  • 3 month fee-free overdraft. Any charges on arranged overdrafts after 12 months cost 50p per day.
  • Unarranged overdrafts, cost 50p per day on balances up to £10, £5 per day on balances over £10 and are capped at £50 per month.
NoneNone£10.00MORE INFO
REVIEW
Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable).

Our service is free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with a green button.
asteriskAccounts with an asterisks have terms and conditions applied, place your mouse cursor over the asterisk to view the terms.

Other popular current accounts

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

Overdraft Rate (EAR)

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

Overdraft buffer

The maximum amount you can go overdrawn without incurring interest fees or penalty charges.

Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.

TSB Classic Plus Account
  • 5% AER on balances up to £2,000
  • No tiers and no introductory offer periods
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available)
5%
  • Interest AER Details
  • 5% AER on balances up to £2,000
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available).
19.94%
  • Overdraft Details
  • £10 interest-free overdraft buffer
  • If you go overdrawn by more than £10, TSB's Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day
  • 0% interest on planned overdraft up to £25
  • 19.94% EAR variable and a Monthly Overdraft Usage Fee of £6 apply to amounts of £25 to £1,200
£10£500FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly credit£500
Monthly FeeFree
REVIEW
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (Variable)
M&S Premium Current Account
  • Financial and shopping benefits
  • Open an account and get £50 M&S Vouchers, switch your banking and get a further £100 M&S Vouchers
  • Exclusive offers and more included in monthly fee
0%
  • Interest AER Details
  • No interest is paid on in-credit balances on this account
15.9%
  • Overdraft Details
  • 0% up to £100
  • 15.9% EAR variable on amounts over £100.
£100None£10MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly creditNone
Monthly Fee£10
REVIEW
Representative Example: (assumed overdraft £1,200): 0% EAR variable on the first £100, 15.9% EAR variable thereafter.
TSB Classic Current Account
  • £25 interest and fee free overdraft plus £10 buffer
  • Grace period if you go over your limit
  • No monthly fee
  • Access to features such as Money Planner and SMS alerts
0%
  • Interest AER Details
  • No interest is paid on in-credit balances on this account
19.94%
  • Overdraft Details
  • £10 interest-free overdraft buffer
  • If you go overdrawn by more than £10, TSB's Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day
  • 0% interest on planned overdraft up to £25
  • 19.94% EAR variable and a Monthly Overdraft Usage Fee of £6 apply to amounts of £25 to £1,200
£10NoneFreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly creditNone
Monthly FeeFree
REVIEW
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable)

Our service is free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with a green button.
asteriskAccounts with an asterisks have terms and conditions applied, place your mouse cursor over the asterisk to view the terms.

User reviews of Nationwide Flex AccountAdd your own review...

I got this Flex account a few months ago and Nationwide offered great customer service in setting up and as yet have had no problems. Would recommend!
- 30th May 2013

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Page compiled: 25/04/2014 09:10:28