MSE news: Nationwide revives £50 current account bonus 6 August 2009 at 11:22AM edited 14 October 2009 at 1:05PM in Budgeting & bank accounts 68 replies 6.5K views

Former_MSE_Guy

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




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

trynsave

On again folks!!! :j

http://nationwide.co.uk/current_account/switch_to_nationwide.htm?source=nationwide&campaign=ibexit&execution=FlexMAT_slot1_info_12102009

iceking

Anyone know if I transfer a direct debit from one Nationwide account to my main Nationwide account, would I qualify for the payment?

noh

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

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

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

Chomeur

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

Do u av 2 switch salary??
I av a A&L account with 2 SOs Would that be enuff??

noh

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

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

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!