Nationwide FlexDirect - 5% interest, free overdraft

sabretoothtigger

Apparently Nationwide is having to jump hurdles with Basel 3 which means they are classed over extended.
In turn that means they are reducing overdrafts, which is a shame with flex as it was supposed to be fee free for a year.

As of the end of this month allegedly

rb10

sabretoothtigger wrote: »

Apparently Nationwide is having to jump hurdles with Basel 3 which means they are classed over extended.
In turn that means they are reducing overdrafts, which is a shame with flex as it was supposed to be fee free for a year.

As of the end of this month allegedly

Banks (and building societies) are always checking your credit history and reviewing overdraft facilities, that's nothing new.

Unless you mean it's part of a greater project ... which seems very unlikely. Their overdraft balances are a tiny proportion of their balance sheet ... reducing a few balances isn't going to make the slightest bit of difference to meeting the PRA's requirements.

Do you have a source for this? I personally don't believe it to be true.

zerog

Is the £1000 funding per calendar month or statement month?

YorkshireBoy

zerog wrote: »

Is the £1000 funding per calendar month or statement month?

From the T&Cs...

Meaning of words and expressions

"Month" means calendar month

http://www.nationwide.co.uk/pdf/btp/P857_ImportantInformation-TermsAndConditions.pdf (page 9)

100saving

So today i got my £68 for opening the Flexdirect i opened it on the 27th June and got it 27th August so all in all not that long. hope that helps anyone still waiting for your TopCashBack.

agentk

got my cashback today too £70.70 via topcashback sorry dot know when in june it was opened.

James

Just for information and I hope this helps a few.

I have a Chip & Signature FlexDirect Card vice Chip & PIN.

Obviously the only way I can obtain cash is over-the-counter in Branch or cash back at a retailers.

I did check with Nationwide that this was possible before applying for the account.

In other words, Chip & Signature Cards are available with this account and you can use it in Branch.

:beer:

DragonQ

Has anyone seen that they're offering £50 to both the referrer and referred if you get a friend to switch to Nationwide? Looks pretty good and the T&Cs don't say any DDs or SOs need switching. The referred person needs to keep the account for 3 months.

Archi_Bald

Yes, but you are not allowed to punt for referrals outside the Referrer's Board.

Bounderby

I can't believe that in this day and age I can't complete an on-line application without having to input a landline phone number, which I do not have (and how many million others?). And you can't even put a mobile number in the box.