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Nationwide to Santander

Switching from Nationwide flex account to Santander .

Does their online transfer department switch my Nationwide balance over to Santander along with my Direct Debits, Standing orders ,etc ?

Comments

  • No, Santander won't transfer cash balances over, found this out the hard way! Also, won't transfer any individual standoring orders into your account, i.e. a standing order that comes into your account from another individual's bank account.
  • metrobus
    metrobus Posts: 1,784 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    So if they have closed the Nationwide acc for you how do you access your
    cash balance left in Nationwide ?
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    metrobus wrote: »
    So if they have closed the Nationwide acc for you how do you access your cash balance left in Nationwide ?

    They don't close the account. Only you can do that directly.
  • pcyam
    pcyam Posts: 651 Forumite
    metrobus wrote: »
    Switching from Nationwide flex account to Santander .

    Does their online transfer department switch my Nationwide balance over to Santander along with my Direct Debits, Standing orders ,etc ?

    they will only transfer any DD or SO that leave your account, any monthly/regular credits into the account, money in the account and closure will have to be done by yourself. The £100 cashback incentive is also back too. starting today.
  • jimjames
    jimjames Posts: 18,799 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Good luck! I've not read anything positive about Santander accounts and admin of them recently so I hope you have more success.

    Any reason why you're leaving Nationwide?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Olipro
    Olipro Posts: 717 Forumite
    metrobus wrote: »
    So if they have closed the Nationwide acc for you how do you access your
    cash balance left in Nationwide ?

    1) write yourself a cheque for the total amount.
    2) do a transfer to your new account over the internet or phone.
    3) withdraw it from the branch in cash and walk into santander and pay it in.

    the possibilities are numerous, all that you need is some common sense to realise that other banks can't just help themselves to your balance.
  • Acremead
    Acremead Posts: 71 Forumite
    Do a search on this forum for 'Santander' before you commit yourself. I found them a nightmare and I was only trying to open a straightforward savings account. No way would I trust them to administer my main bank account.
  • sveika
    sveika Posts: 110 Forumite
    Acremead wrote: »
    Do a search on this forum for 'Santander' before you commit yourself. I found them a nightmare and I was only trying to open a straightforward savings account. No way would I trust them to administer my main bank account.

    I'm afraid I have to second Acremead. I have started transferring from Natwest to Santander from August and the 11 week deadline is 1 Nov. But nothing seemed to be transferred yet despite numerous calls/visits to Santander and Natwest. Very frustrating experience indeed...:mad:
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