Nationwide Flex (basic) using in USA

monkeyducko

Hi

I was thinking of opening a Nationwide Flex for using in Australia as I am going over there for about 10 months. This decision was obviously based on the previous no commission on foreign withdrawals but looking at the above posts it still seems to be the best option. Anyway...all I'm going to have to deposit when I open it is money I have saved before leaving and I won't have a regular monthly income whilst I'm away. I can't work out whether this account requires a regular monthly deposit or not and thought someone might be able to help as a few of you seem to have this account already?

Many thanks

KTF

Its a normal current account. No monthly deposit is needed and many people use it just for holidays.

BruceyBonus

monkeyducko wrote: »

Hi

I was thinking of opening a Nationwide Flex for using in Australia as I am going over there for about 10 months. This decision was obviously based on the previous no commission on foreign withdrawals but looking at the above posts it still seems to be the best option. Anyway...all I'm going to have to deposit when I open it is money I have saved before leaving and I won't have a regular monthly income whilst I'm away. I can't work out whether this account requires a regular monthly deposit or not and thought someone might be able to help as a few of you seem to have this account already?

Many thanks

There is no minimum monthly deposit. You must choose one of these options when you open the account:
1. I will pay £100 into my account when I receive my card.
2. I will use my Nationwide current account as my main account, and transfer my regular payments and credits from my existing bank account (We can do this as part of the process of opening your account. You need your bank or building society name, account number and sort code).
3. I will open an e-Savings, e-Savings Plus, e-Bond or Monthly Income 60+
4. I am aged 16 or 17. account when I receive my card.

I opened mine by choosing option 1 without any problems.

monkeyducko

Thanks very much to both of you. Very helpful & I shall definately go for that account now.

someone

mmm, I've just messaged them asking can I have a cash card and keep my visa card. I'll keep you posted

KTF

The cash card account is Nationwides version of a 'basic' account. Normally its very difficult to get given a debit card when you apply for an account as they like to give people a cash card account first to see how the account is run.

If you are planning to only use it for holidays then there is no harm in seeing if you can downgrade but you might be better to apply for a second account and hope that you get given a cashcard if you want to run that as a holiday one alongside your main account.

Also bear in mind that the charge will be introduced on the cashcard account at a later date.

Edit: Looking here: http://www.nationwide.co.uk/current_account/cash_card_account.htm it says that:

To be eligible for a Nationwide Cash Card Account you must:

• be aged 18 or over
• not have an existing current account with Nationwide Building Society

So the odds of getting one are slim if you already have a Nationwide account I would have thought.