Nationwide Flexaccount

chelseablue

I think it might be easier for me to treat it like a savings account and open a new current account to keep my spending money in.

Keep the flexdirect as £2,500 savings account and move surplus savings to Marcus

YorkshireBoy

Have you been enjoying the free travel insurance?

You will lose that if you upgrade.

chelseablue

YorkshireBoy wrote: »

Have you been enjoying the free travel insurance?

You will lose that if you upgrade.

Don't think I've got that? Is that with the monthly fee account?

PRAISETHESUN

YorkshireBoy wrote: »

Have you been enjoying the free travel insurance?

You will lose that if you upgrade.

I think you're thinking of the FlexPlus account, that comes with a monthly fee? Unless there's a legacy account I'm not aware off that has extra features...

https://www.nationwide.co.uk/products/current-accounts/flexplus/features-and-benefits

JuicyJesus

PRAISETHESUN wrote: »

I think you're thinking of the FlexPlus account, that comes with a monthly fee? Unless there's a legacy account I'm not aware off that has extra features...

https://www.nationwide.co.uk/products/current-accounts/flexplus/features-and-benefits

Some FlexAccounts came with travel insurance as a free included perk. Most don't but some do.

System

You'll lose full branch access and the free European travel insurance (if you have it) as a long time FlexAccount holder.

colsten

PRAISETHESUN wrote: »

I think you're thinking of the FlexPlus account, that comes with a monthly fee? Unless there's a legacy account I'm not aware off that has extra features...

There is indeed a legacy FlexAccount which comes with European Travel Insurance if you keep the eligibility criteria going. I have got one.

IIRC, it was about a year ago that the rules were changed. New FlexAccounts no longer have the insurance, and you can very easily lose it on old accounts if you fail to meet to eligibility criteria once.

chelseablue

I normally go into a branch twice a year to pay in the cheque my nan sends me for birthday and Christmas

If I cant do that anymore I have an account with Halifax so could go there and transfer the money over

JuicyJesus

chelseablue wrote: »

I normally go into a branch twice a year to pay in the cheque my nan sends me for birthday and Christmas

You're able to pay cheques into a FlexDirect, you just have to use a machine or an ATM if it's available. (If your branch doesn't have either then you can use the counters.)

YorkshireBoy

PRAISETHESUN wrote: »

I think you're thinking of the FlexPlus account, that comes with a monthly fee? Unless there's a legacy account I'm not aware off that has extra features...

https://www.nationwide.co.uk/products/current-accounts/flexplus/features-and-benefits

You'd be wrong to think that's what I'm thinking.

I'd have thought someone with a 20 year old FlexAccount would have the free insurance on it, unless they're funding with less than £750 per month.