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Nationwide FlexDirect Options

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  • xylophone
    xylophone Posts: 45,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Does anyone could you deposit 2500 pounds on opening then withdraw a 1000 then put it back i.e. just cycling the money through the account once a month to meet the t and c's?

    This can be done - if you have an account with another institution, it is as easy as FP to "other", make sure it has "landed", FP back to NW.
  • Kernel_Sanders
    Kernel_Sanders Posts: 3,617 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 30 November 2016 at 10:56PM
    I have PoA over my mother's finances and I've just discovered that I've kept £500 languishing in a matured Flex Direct for most of November when it should've been earning 5% in her Flexclusive Regular Saver. I transferred it over at 9.30 pm but although the balance has increased by £500, it's not showing in November's transactions. Has she now also missed out on it for each month left on the term?
  • pafpcg
    pafpcg Posts: 928 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    .... although the balance has increased by £500, it's not showing in November's transactions.

    Don't worry, that's what happens with all credits to my Flexclusive Regular Saver account. Although the balance is updated immediately, I think the list of transactions for these accounts is updated only overnight. It should be displayed this morning.
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