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MSE news: Nationwide revives £50 current account bonus

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Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
edited 14 October 2009 at 1:05PM in Budgeting & bank accounts
This is the discussion thread for the following MSE News Story:

"Nationwide has revived its £50 bonus paid to those who make its FlexAccount their main current account. The sweetener also applies to those ..."

Read the full story:
Nationwide revives £50 current account bonus


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Thanks to trynsave for the original post. This thread was merged to prevent duplication
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Comments

  • trynsave
    trynsave Posts: 812 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    On again folks!!! :j

    http://nationwide.co.uk/current_account/switch_to_nationwide.htm?source=nationwide&campaign=ibexit&execution=FlexMAT_slot1_info_12102009
  • iceking
    iceking Posts: 24 Forumite
    Anyone know if I transfer a direct debit from one Nationwide account to my main Nationwide account, would I qualify for the payment?
  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    iceking wrote: »
    Anyone know if I transfer a direct debit from one Nationwide account to my main Nationwide account, would I qualify for the payment?

    No.
    Has to be from another bank or building society.
    T+Cs here.

    http://nationwide.co.uk/popup/flex_switch_offer_terms.htm
  • rb10
    rb10 Posts: 6,334 Forumite
    For those who have done this in one of Nationwide's similar offers recently, is there any paperwork to be done, or any letters sent through the post? Or is it all done online?
  • sofa_surfer
    sofa_surfer Posts: 244 Forumite
    rb10 wrote: »
    For those who have done this in one of Nationwide's similar offers recently, is there any paperwork to be done, or any letters sent through the post? Or is it all done online?
    Only if you've made a mistake to select 'Send me a list ...' option. Oh, and they do send a confirmation letter - together with the Salary Switching Form ;)
    iaye carramba!
  • Chomeur
    Chomeur Posts: 2,159 Forumite
    Part of the Furniture 1,000 Posts
    I did this and it was more trouble than it was worth. One of my credit card companies refused to accept a direct debit transfer from Nationwide (without any indication to me), and now I've been charged 2*£12 late payment charges. A secure message to Nationwide complaining about this remains unanswered five days later. And I missed a payment with another company because of timing problems (although a phone call got this charge reimbursed).
  • clairbear_3
    clairbear_3 Posts: 203 Forumite
    Part of the Furniture
    Do u av 2 switch salary??
    I av a A&L account with 2 SOs Would that be enuff??
  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Chomeur wrote: »
    I did this and it was more trouble than it was worth. One of my credit card companies refused to accept a direct debit transfer from Nationwide (without any indication to me), and now I've been charged 2*£12 late payment charges. A secure message to Nationwide complaining about this remains unanswered five days later. And I missed a payment with another company because of timing problems (although a phone call got this charge reimbursed).

    All they do is ask the organisations to switch the DDs it really is up to you to make sure they have been successfully changed. It's the same with all banks.

    From the Nationwide web site:-

    We will notify your direct debit companies of your change in account details. It's then the responsibility of the individual companies to change their records within ten working days of notification. However, it can take longer than this for your records to be updated, so we would advise you to ensure that there is enough money left in both your old and new accounts to cover your payments until you are satisfied the account transfer process is complete.
  • dazza.mk
    dazza.mk Posts: 1,927 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    clairbear wrote: »
    Do u av 2 switch salary??
    I av a A&L account with 2 SOs Would that be enuff??

    Last time I transfered 1 SStanding Order, looking at the T&C's 'theoretically;' I would guess you could just transfer the Bill Payments and still qualify!
  • Megalomaniac
    Megalomaniac Posts: 539 Forumite
    Great stuff. Set up a small £5 standing order on my RBS account, entered the details on Nationwide for all payment mandates etc... to be transferred ASAP. Hopefuly £50 coming my way! :)
This discussion has been closed.
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