Nationwide FlexDirect - 5% interest, free overdraft

BugsyBrowne

callum9999 wrote: »

I didn't say it did have FREE travel insurance...

adindas wrote: »

That is what I did. I have posted my personal Experience in Post #36.
I am aware standing order within Nationwide will not work

But there is a possibility of doing monthly manual internal transfer, but this is the think I am not quite sure whether this could work. What I am thinking is I will will just permute £1000 from FlexDirect to Flex Account and back to Flex direct.

You can't do internal transfers on the flexi direct.

mcbob_2

Just opened one, will use the 2500 limit and a monthly churn.

They offered me a £750 overdraft too

innovate

mary wrote: »

So 4 it is then.

See my response to your identical post over on the savings board.

innovate

BugsyBrowne wrote: »

No wonder the banks shareholders ride around in gold plated bentleys.

You mean all of the UK taxpayers have gold-plated Bentleys? They must be delivering mine shortly then, seeing that I own - - like every other UK tax payer - massive amounts of shares in RBS and Lloyds.

innovate

adindas wrote: »

But there is a possibility of doing monthly manual internal transfer, but this is the think I am not quite sure whether this could work. What I am thinking is I will will just permute £1000 from FlexDirect to Flex Account and back to Flex direct.

Of course internal transfers will work, but you will not get the interest, or the Flexaccount benefits, or Flexclusives if the monthly minimum amount doesn't come from a non-Nationwide source.

212

Just got my letter through. I upgraded my flex account (or whatever the one with the insurance is) a few weeks ago to the Direct one - got a 3 month interest free overdraft purely to stop Halifax's £3 a day charge... that runs out within days, but glad to see it's now 0% for a good year!

Want to open another one and use that for £2,500 @ 5% rather than paying down the o/d, but will almost certainly fail credit scoring!

Although, I just realised that my o/d is £3.5k and maxed out, but with a review in June I can't see them leaving me with that!

innovate

BugsyBrowne wrote: »

You can't do internal transfers on the flexi direct.

I can't 100% disagree with you until my FlexDirects are showing online. In the meantime, I just disagree 99.99%.

BTW, it's called FlexDirect

anamenottaken

BugsyBrowne wrote: »

You can't do internal transfers on the flexi direct.

You'll be able to do internal transfers.
But they won't count towards the minimum payments into either account.

BugsyBrowne

anamenottaken wrote: »

You'll be able to do internal transfers.
But they won't count towards the minimum payments into either account.

Thats exactly what I said when I quoted the OP when they said they'll transfer from flexi account to flexi direct.

anamenottaken

BugsyBrowne wrote: »

Thats exactly what I said when I quoted the OP when they said they'll transfer from flexi account to flexi direct.

Oh, other than quoting other posts, wasn't your entire message in #52 simply the statement "You can't do internal transfers on the flexi direct."?