Nationwide Flex Direct Account

Top_ten

Just opening the above account and depositing £2500 on 1st June which meet initial months requirement to obtain a full months interest.
In the subsequent month of July I was intending to withdraw £1000 of the £2500 on 1st July and once received in my other account immediately send this back the same day by faster payment to the flex direct account. This would meet the funding requirement and not necessitate using an £1000 each month.
Do members agree this would work?

soulsaver

You can put £1000 in & take it back out or the other way round.. and it will satisfy the funding requirement.
How this does 'not necessitate' using a £1000... I don't follow..?
You can do it, say, 100 times with a £10 and actually avoid needing to actually have £1000 at all....

PixelPound

As long as its paid in from a non-NW account. I pay from another back and send it back. It doesn't have to be done in 1 lump sum either. You could have SO's set up to transfer £100 one day and transfer back the next and have it to do this throughout the month M-F.