Nationwide Flex Account

GTR_King

I have nationwide flex account (Downgraded from Flex Direct Last year)

I don't use this account at all...

Should I close it or transfer it to Another Account??

EachPenny

I would research the options for switching to a different bank and getting a bonus for doing so.

Many of us on here open new accounts specifically for the purpose... so closing an account with no benefit would be an anathema

GTR_King

Most Accounts Require Direct debits to get the bouns.

So I could switch to Halifax Reward Account and get £75

Or another account that Requires No DD

EachPenny

GTR_King wrote: »

Most Accounts Require Direct debits to get the bouns.

So I could switch to Halifax Reward Account and get £75

Or another account that Requires No DD

If you do the research you'll see that having no (or too few) DD's is not a problem, there are ways to overcome that hurdle

Personally I would be looking at the bank paying the highest switching bonus first, but checking that it is currently the highest it is likely to be.

The offers can be withdrawn or replaced, so taking the one which pays the most first makes sense because you may be gutted if that offer is withdrawn and never returns.

However, if bank 'x' has paid £150 in the recent past, but is currently only paying £125 then I would consider whether it was worth leaving that one in case it goes back up again.

If you explore the board you will find all the information you need

GTR_King

Thanks I am looking & Tempted Halifax Reward Account for £75 & then will probably keep for the £3 Reward

YorkshireBoy

GTR_King wrote: »

Thanks I am looking & Tempted Halifax Reward Account for £75 & then will probably keep for the £3 Reward

It's a pity you weren't tempted a few weeks ago when they were paying £125.


Why not try a switch to FD now for £100, and save the Halifax switch for when it's back up to £100/£125? (You can still open the account for the £3/mth now, but save the switch)

GTR_King

First Direct sounds good, looked on there website but do you need DDs??

Can you switch anytime?? To Halifax??

YorkshireBoy

GTR_King wrote: »

First Direct sounds good, looked on there website but do you need DDs??

If you post up the FD switching incentive T&Cs someone will take a look and let you know.

YorkshireBoy

GTR_King wrote: »

Can you switch anytime?? To Halifax??

If you post the Halifax switching incentive T&Cs someone will take a look and see if the incentive is also available to existing customers, as well as new ones.

GTR_King

I know you gotta pay £1,000 in within the first 3 months to get the £100 that's about it..

Halifax you can switch to existing account I think

So switch Nationwide Flex account to FD get £100 then transfer FD to Halifax Reward??

I would keep Halifax account open for £3 Reward & find 2 dds

Halifax TC

You’re eligible for the £75 offer if…

Current Account Switch Guarentee You use the Current Account Switch Service, close your old account held elsewhere and switch into one of the following accounts:

A Halifax Reward Current Account
A Halifax Ultimate Reward Current Account (£15 monthly fee applies with this account)
An existing Halifax Current Account

You won't qualify for the £75 offer if you:

are switching to a Basic Account, a Student Account or a Youth Account.
you are a Bank of Scotland bank account customer switching to Halifax.
received cashback for switching to us since January 2012, we’re sorry but you won’t get it again.

YorkshireBoy

GTR_King wrote: »

Halifax you can switch to existing account I think

You only "think"?

So switch Nationwide Flex account to FD get £100 then transfer FD to Halifax Reward??

If you've no requirement for the 5% regular saver you may as well stay 6 months and get another £100 for leaving. Switch another account to Halifax. Haven't got one?...get one!

Halifax TC

You’re eligible for the £75 offer if…

Current Account Switch Guarentee You use the Current Account Switch Service, close your old account held elsewhere and switch into one of the following accounts:

A Halifax Reward Current Account
A Halifax Ultimate Reward Current Account (£15 monthly fee applies with this account)
An existing Halifax Current Account

You won't qualify for the £75 offer if you:

are switching to a Basic Account, a Student Account or a Youth Account.
you are a Bank of Scotland bank account customer switching to Halifax.
received cashback for switching to us since January 2012, we’re sorry but you won’t get it again.

Those aren't the T&Cs, they're the advertising blurb. The T&Cs may be found by clicking the "£75 switching offer terms and conditions" just a little further down the page!