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MSE News discussion. Nationwide kills cheap overseas spending
Comments
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Dont forget the £100 on offer to switch to Santander!northernstar5 wrote: »I've just looked at your link. Doesn't this mean you have to have a mortgage or investment with them and then switch your current account to them as well?
Am going into Santander tomorrow to see about switching from Nationwide to them. So may find out a bit more then.0 -
Stopped using my Flexaccount a few years back when they started lowering their interest rates, as I could see where they were starting to go... I now only keep it open for the odd switching incentive and I keep 1p in the account and periodically move it between my Flex and my Cashbuilder so it keeps the accounts active and also means they have to send statements! May also request replacement cards twice a year for no reason now as well to really p*ss them off!
I used to be a staunch supporter of Nationwide ever since joining them in 1999, but now they are a TOTAL joke. Those ads from the last few years now make them look stupid.
Their slogan should now be "Proud to be just like everyone else. Now f*ck off"I spent 25 years in the mobile industry, from 1994 to 2019. Worked for indies as well as the big networks, in their stores also in contact centres. I also hold a degree in telecoms engineering so I like to think I know what I’m talking about 😂0 -
I'm doing all of these - and I'm sure many people on this forum are also.Can I suggest not just whinging on the MSE forem and hoping that somebody from the Nationwide board may happen to read this.
Write to them, email them, phone them, tell them in branch.
If you're still not happy at least you've tried. Then be prepared vote by withdrawing your business.
Having rung Santander customer services twice I can't say I would be thrilled to move to them but if I have to jump that way, then I will.
KCS.KE veteran - life seemed so much simpler then!0 -
I'm simplifying my accounts and NWide was one of two I intended keeping - now it will be one I'm closing :mad:.
Ok, jury seems out on best debit card. Looking at Halifax Clarity credit card you get best rate for overseas withdrawals, and no fee. However, they charge interest on the withdrawal even if you pay off in full. But - what if you pay money in before you go so you have a credit balance and never go 'overdrawn'? Surely that would avoid charges, or am I missing something?A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
You are missing the bit in the Halifax terms and conditions stating that you should not put a positive balance on your card and that the bank can send back payments that do this.0
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Using the Flexaccount to receive your pension when it's less than £750 means you don't qualify automatically for the free insurance. Moving all standing orders and direct debits to the Flexaccount still won't qualify you if you are older than 64. I wonder anyway how their free travel insurance would treat pre-existing medical conditions?
For a caring mutual they are making a pretty good job of disillusioning their customers who have been with them for quite a long time.0 -
Dont forget the £100 on offer to switch to Santander!
Might do that myself
http://www.santander-products.co.uk/banking/switch/default.html0 -
I have been looking at Santander as well but if the Nationwide is still cheapest for overseas cash withdrawals even with the new charges, if there any point in switching away from them and all the hassle that can cause?0
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It is very true that they have done a good job of disillusioning thier customers, they've worsened the account and then they're bleating about people using it just for the one remaining perk. Maybe if they paid credit interest or SOMETHING to keep people's customer they wouldn't be about to leave in droves...
All I would say to KTF is that some of the negative changes, ie increase in the interest rate and the change to some charges for non-EU withdrawals then to charges for all, have happened pretty quickly. I wouldn't bother sticking around as they keep moving the goalposts so its a matter of time before they completely join the herd on this issue, what was once the unique selling point. Now they have none.Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.0 -
Who says Nationwide is still the cheapest for overseas cash withdrawals? Only Nationwide itself. If you want to avoid Santander and do not live in the right area for the Cumberland BS or Metro Bank it is much cheaper to get a Halifax clarity credit card and use that instead of Nationwide. If you pay off the balance at the end of a two week holiday Halifax will cost you about 0.5% compared to 2% plus £1 per withdrawal with Nationwide.0
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