Upgrading bank account

TheDebtinator

I have a FlexBasic account with Nationwide (my wife banks with them, but we couldn't do the £100 referral fee thing). I want to upgrade this to a FlexDirect account. Would this show up on my credit file negatively if I did upgrade?

Also, I assume that I couldn't simply open a new account as part of a referral from my wife, as I am already a customer?

Thanks.

phillw

TheDebtinator wrote: »

I have a FlexBasic account with Nationwide (my wife banks with them, but we couldn't do the £100 referral fee thing). I want to upgrade this to a FlexDirect account. Would this show up on my credit file negatively if I did upgrade?

I can't see anything on my credit file from nationwide when I switched my flex account to a flex direct. The account opening date didn't change. I opened it as a flex direct, switched it to a flex account for a year and then back to a flex direct (to get 5%).

TheDebtinator wrote: »

Also, I assume that I couldn't simply open a new account as part of a referral from my wife, as I am already a customer?

I think that is a safe assumption.

Don80

TheDebtinator wrote: »

I have a FlexBasic account with Nationwide (my wife banks with them, but we couldn't do the £100 referral fee thing). I want to upgrade this to a FlexDirect account. Would this show up on my credit file negatively if I did upgrade?

Also, I assume that I couldn't simply open a new account as part of a referral from my wife, as I am already a customer?

Thanks.

If you upgrade your basic account to a regular account they will almost certainly carry out a credit check which will show on your credit file. Its not negative as such, just a record that this happened.

I don't know about the £100 referral though.

stuart30

Don80 wrote: »

If you upgrade your basic account to a regular account they will almost certainly carry out a credit check which will show on your credit file. Its not negative as such, just a record that this happened.

I don't know about the £100 referral though.

No i asked will they credit check as i was under the assumption my credit file was very poor.

Answer was your credited checked when you open the account..if in future you upgrade they don't credit check.

Archi_Bald

They will make an assessment as to whether they are happy to give you more than a FlexBasic. This may involve a credit check.

System

Do you have internet banking (with Nationwide) and if so, is it offering you an upgrade?

TheDebtinator

Thanks all.

I do have internet banking, but nothing says about an upgrade. I opened the account when my credit worthiness was on the poor side. Having now obtained a mortgage I guess I am more worthy lol.

I will have to ask them I guess. I don't want another check on my file so soon after getting my mortgage. I will wait until after Friday anyway as that is my completion date.

takman

TheDebtinator wrote: »

I have a FlexBasic account with Nationwide (my wife banks with them, but we couldn't do the £100 referral fee thing). I want to upgrade this to a FlexDirect account. Would this show up on my credit file negatively if I did upgrade?

Also, I assume that I couldn't simply open a new account as part of a referral from my wife, as I am already a customer?

Thanks.

Just to add if you are already a customer then you could upgrade your account to a Flexdirect (or even open a new one) then refer your wife and when she switches you get £100 each .

She can then refer you and you can switch to your Flexdirect account and get another £100 each.

This is stated here on their website:

http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/recommend-a-friend-tab#xtab:can-i-recommend-someone-who-already-has-a-nationwide-current-account

phillw wrote: »

I think that is a safe assumption.

You should never assume, always read the T&C's

TheDebtinator

takman wrote: »

Just to add if you are already a customer then you could upgrade your account to a Flexdirect (or even open a new one) then refer your wife and when she switches you get £100 each .

She can then refer you and you can switch to your Flexdirect account and get another £100 each.

This is stated here on their website:

http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/recommend-a-friend-tab#xtab:can-i-recommend-someone-who-already-has-a-nationwide-current-account



You should never assume, always read the T&C's

Perfect. I have an account with the Co-Op as well so I may move that over.