Flex Account DD Requirements Past 12 months.

HampshireH

I currently use my Nationwide flex direct account to sweep my funds at the end of the month.

Interest is minimal and im not overly concerned about it on this account.

When I joined Nationwide it was 5% up to 2.5k plus a 5% saver with 1k monthly paying in requirements and 2 DDs.  Both rares have now expired.

I still meet the pay in requirements but in order to tidy up my bills i have switched a DD to another account. I have noc2nd DD to replace it with.

What is the implication of not complying with the 2 DD rule - is it just no interest being paid?

Ive searched their website but cannot see the requirement on their current blurb about the product.

 

surreysaver

I don't believe there is a direct debit rule for this account - you must be thinking of a switching offer or something?
The interest rate for this account has gone down to 0.25%, so nothing to write home about 

Robin9

I think the only requirement is to credit £750 a month for the free insurance if under 70

MDMD

Robin9 said:

I think the only requirement is to credit £750 a month for the free insurance if under 70

That is on old flexaccounts not the Flexdirect.

eskbanker

MDMD said:

Robin9 said:

I think the only requirement is to credit £750 a month for the free insurance if under 70

That is on old flexaccounts not the Flexdirect.

OP referred to "Flex Account" in the thread title, perhaps not realising that this is an entirely different product from the FlexDirect mentioned in the post itself....