Free European travel insurance through Nationwide FlexAccount scrapped

Former_MSE_James_F

Nationwide has decided to axe its free European travel insurance offer for all existing FlexAccount  customers who still have it from 31 December. This follows its earlier decision to stop offering the perk to new FlexAccount customers back in December 2016.

Read the full story:
'Free European travel insurance for Nationwide FlexAccount holders to end in December'

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Consumerbilly

This was the only benefit of this account - perhaps NW doesn't want customers ?

Sandtree

Consumerbilly said:

This was the only benefit of this account - perhaps NW doesn't want customers ?

Or find the customers they are attracting are not profitable and/or the insurance was getting to expensive/difficult to place. 

grandadgolfer

Time to close my account in January

[Deleted User]

Probably getting masses of expensive claims because of COVID.

DisgruntledNBScustmr

The customer service at NBS has been declining for a number of years. I was only keeping my current account with them for this benefit. They haven’t notified me yet, however, when they do, it releases me to transfer my account elsewhere! I’m not sure I believe their statement that it only affects a few of their members. It will be interesting to see if there is a large exodus now!

roddydogs

Keep open with £1 for the free draw!

Consumerbilly

roddydogs said:

Keep open with £1 for the free draw!

What free draw is that then ? 

I was hoping by now they would have become a proper bank and do a pay out to long standing members.

Instead they've held on to the money and paid it to their directors instead !

Consumerbilly

[Deleted User] said:

Probably getting masses of expensive claims because of COVID.

They changed the terms some time ago to exclude claims for Covid.