Nationwide FlexDirect - Question about the changes from 13 January 2018

ChaskhaChaia

I've read the changes to Nationwide FlexDirect T&Cs effective from 13 January 2018 on their website:

https://www.nationwide.co.uk/~/media/MainSite/documents/products/current-accounts/shared/P857_ImportantInformation_TandC.pdf

On page 18 under FlexDirect conditions they say:

"1.4 You will only be entitled to one introductory rate or offer (where applicable) on a Nationwide Group current account product. If you have previously held the same Nationwide current account product in the last 12 months, you will not be entitled to the introductory rate or offer under this agreement"

Therefore, what has actually changed from the current T&Cs? If I've closed/downgraded my flexdirect account and waited 12 months, by the reading of these T&Cs I can still open another FlexDirect after 12 months and receive the introductory rate (currently 5% up to £2500)? Or is there something that I'm missing?

roddydogs

No,..........already discussed in length.

Zanderman

ChaskhaChaia wrote: »

I've read the changes to Nationwide FlexDirect T&Cs effective from 13 January 2018 on their website:

https://www.nationwide.co.uk/~/media/MainSite/documents/products/current-accounts/shared/P857_ImportantInformation_TandC.pdf

On page 18 under FlexDirect conditions they say:

"1.4 You will only be entitled to one introductory rate or offer (where applicable) on a Nationwide Group current account product. If you have previously held the same Nationwide current account product in the last 12 months, you will not be entitled to the introductory rate or offer under this agreement"

Therefore, what has actually changed from the current T&Cs? If I've closed/downgraded my flexdirect account and waited 12 months, by the reading of these T&Cs I can still open another FlexDirect after 12 months and receive the introductory rate (currently 5% up to £2500)? Or is there something that I'm missing?

Well actually you haven't really read the new T&C have you!

Page 18 is current T&C.
New T&C are from page 28 onwards.
Page 29 says

6. If you have previously held a Nationwide current account you are not entitled to the introductory rate or offer (where applicable) for that current account product under this agreement".

Discussed on this thread: https://forums.moneysavingexpert.com/discussion/5727599