New Nationwide Switch - both new and existing?

soulsaver

ST-User said:

soulsaver said

4. This offer is only valid on the first sole current account and first joint current account you switch to us, even if we withdraw this offer and launch it again in the future.

Does this not mean that my wife and me both can switch to NW a solo and a joint account?

If you mean 'both can switch.... and get 2 bonuses each'  you (and OH) will only get 3 between you if the terms are applied as written.

As far as the target account is concerned, switching two joints into it will clearly involve a 2nd joint account switch which fails under term 4.

ETA typo correction. 

orange-juice

Does anyone remember whether NW offered a monetary switching offer in late 2017?

That's when I opened the FlexDirect but all I remember was the 5% rate up to £2500, as well as a linked regular saver at the same rate. Also got a recommend a friend 200 bonus to share.

General_Grant

soulsaver said:

General_Grant said:

ST-User said:

soulsaver said

4. This offer is only valid on the first sole current account and first joint current account you switch to us, even if we withdraw this offer and launch it again in the future.

Does this not mean that my wife and me both can switch to NW a solo and a joint account?

No.  Because each of you would be party to the same joint account.  (Unless either or both of you has a joint account with someone else and it is that joint account which is transferred not one which you share with each other.)

Banks/BSs wont allow a transfer of a name on the switching ac that is not on the target account, joint or solo.

I wasn't suggesting that.  The "Unless" was to allow for, for example, a joint account of Mrs ST-User with someone other than him being transferred to a joint account with NW for the same two people.  (Don't know whether it is actually possible if Mrs ST-User could be on both new NW joint accounts but probably very unlikely there is such a joint account unless it was held with a sibling for some purpose.)

Fingerbobs

Rich2808 said:
Isn't it always a hard search for a new current account - overdraft facility or not (as you can still go into the red).

Not necessarily always. I wasn't searched when I opened a second Halifax current account in April. 

Zanderman

orange-juice said:

Does anyone remember whether NW offered a monetary switching offer in late 2017?

That's when I opened the FlexDirect but all I remember was the 5% rate up to £2500, as well as a linked regular saver at the same rate. Also got a recommend a friend 200 bonus to share.

Nwide offered refer a friend switches.  Which is what you got.

Ed-1

Zanderman said:

orange-juice said:

Does anyone remember whether NW offered a monetary switching offer in late 2017?

That's when I opened the FlexDirect but all I remember was the 5% rate up to £2500, as well as a linked regular saver at the same rate. Also got a recommend a friend 200 bonus to share.

Nwide offered refer a friend switches.  Which is what you got.

There was also briefly another switching offer through MoneySupermarket in 2015:

soulsaver

Those switches above are irrelevant IMO, ie  not under this offer.

Exclusions
Term 10

• You’re switching into a Nationwide account that has already been switched into and benefitted under this offer;

Rich2808

Fingerbobs said:

Rich2808 said:
Isn't it always a hard search for a new current account - overdraft facility or not (as you can still go into the red).

Not necessarily always. I wasn't searched when I opened a second Halifax current account in April. 

I agree there may be exceptions - but I have always had a hard search even when I was already a customer (including with Nationwide when I opened extra current accounts). So people should assume there will be a hard search - and be prepared for that in case they are for example about to apply for a mortgage (or have been approved for one). Not an issue for most people though!

Of course if merely switching into an existing Nationwide flexplus/flexdirect - there would be no hard search (as its an existing account).

andyhicks88

I know the DD has to have been active before the switch but what about after? Do the DD's then have to come out of the new NW account before the bonus is paid too or can they be cancelled as soon as the switch is complete?

crumpet_man

When will I get paid and how will the payment appear on my statement?

1. We will credit the payment to the current account that you switched into within 10 calendar days of the full switch completing.
2. The offer payment will appear on your statement as ‘Switching Offer’.

There is no reason that the DDs have to paid after the switch completes, wait for up to10 days until the bonus is paid then cancel the DDs if you need to.