Nationwide FlexDirect - When to pay money in?

UKSBD

I opened a FlexDirect account in branch, it took a week or more before receiving cards, login details, etc. but once I did I created an Online account.


I paid £2750 opened in to my FlexDirect then opened a Flex Regular Saver 2 account and transferred £250 in to that.


My questions are;


When do I have to pay the next £1000 in to my FlexDirect?


When can I pay another £250 in to my Flex Regular Saver account?


I paid the £2750 in on 10th September, does that mean I have to pay another £1000 in between 10th October and 10th November?


I paid the £250 in to my Flex Regular Saver 2 on 10th September does that mean I can pay another £250 in after 11th October?

teddysmum

Pay in any time in the next calendar month, but put the savings money in as soon as possible to get a full month's interest.

UKSBD

teddysmum wrote: »

Pay in any time in the next calendar month, but put the savings money in as soon as possible to get a full month's interest.

Thanks, but that's what I was trying to work out, and what is meant buy calendar month


Is a calendar month from the day you pay the money in until the same day the following month? or does it start from the date the account was opened?


I can't find anywhere Online which says what date the account was opened, do they use the 1st transaction date?

colsten

A calendar month is a calendar month.

There's only be a question over what they mean if they simply said "month".

UKSBD

colsten wrote: »

A calendar month is a calendar month.

There's only be a question over what they mean if they simply said "month".

Starting from when though?


The date I opened the account or the date I 1st paid in to it?

xylophone

You pay in any time in January and you can make the next payment at any time in February/March/ April etc.

With regard to the saver, let's suppose you opened it on 1Oth January - you can pay in again as early as 1st Feb if you wish.

UKSBD

xylophone wrote: »

You pay in any time in January and you can make the next payment at any time in February/March/ April etc.

With regard to the saver, let's suppose you opened it on 1Oth January - you can pay in again as early as 1st Feb if you wish.

Thanks,


that is what I assumed a calendar month was, but the Collins Dictionary say that, but also says;


"A calendar month is the period from a particular date in one month to the same date in the next month, for example from April 4th to May 4th."


This seems to contradict the 1st answer they give.


source: https://www.collinsdictionary.com/dictionary/english/calendar-month

alanq

As you opened the accounts in September the next payments must be made between 1st October and 31st October.

For the avoidance of doubt it would be nice if Nationwide gave examples rather than just assuming customers know what they mean.

UKSBD

I'm really confused now as keep finding contradictory definitions for Calendar Month


Is a calendar month definition for bank accounts different to a business definition of calendar month?

UKSBD

alanq wrote: »

As you opened the accounts in September the next payments must be made between 1st October and 31st October.

For the avoidance of doubt it would be nice if Nationwide gave examples rather than just assuming customers know what they mean.

I actually opened it in August but didn't pay any money in until September.


Do they ignore the 1st month?

ceredigion

Pay in 250 a week, just to be sure.