Published: 06:40 EST, 1 March 2013 | Updated: 07:24 EST, 1 March 2013. Reviews and experiences from TopCashback members who have shopped with Nationwide FlexAccount. The catch? If you're an existing Nationwide FlexDirect customer who wants to take advantage, note that the same deadline applies. While the account clearly has a lot going for it, it does fall short in a number of areas. We've long been fans of Nationwide’s FlexDirect current account. For years I’ve been recommending to my readers to check out Nationwide’s FlexDirect account. London Photograph: Danny Lawson/PA Lisa Bachelor The Nationwide FlexAccount This account could be right for you if you’re looking for an account with no monthly fee, and use of a full range of methods for managing your money. Answer 1 of 6: I have just opened a joint FlexPlus account initially because of the free ATM withdrawals worldwide but i was so impressed with the additional benefits that i thought i would mention it on T/A in case it was of interest to anyone else. Copyright © lovemoney.com All rights reserved. Nationwide has announced a major downgrade to its popular £13-a-month FlexPlus current account, leaving thousands of customers wondering whether it … Farm and ranch Pay a bill, manage a claim or review a policy. Over 10,000,000. Unfortunately, the FlexDirect account is about to get worse for savers. Nationwide is to cut the interest on its popular FlexDirect current account, in yet another blow to current account perks. As of May 2009 Nationwide will be passing on the transaction fee imposed by Visa on overseas credit card transactions and, as of June 2009, the same will apply for debit cards. Re: Nationwide Flex account (advise on getting one)!!!! That's because Nationwide is scrapping the linked 5% regular saver account for new and existing customers and its other savings accounts aren't much to shout about, with rates far below inflation. This account is also not the best option if you frequently dip into overdraft because of high interest rates. Nationwide offer six different current accounts depending on your situation and what you need: FlexAccount – their everyday current account. We are huge fans of the perks on offer when you sign up for the FlexDirect account. You must be within 2 months of your course start date to be eligibile for this account. 24/7 gym access. Nationwide Investment Services Corporation, member FINRA. That's because it offers an interest rate of 5% on balances in the account, and then another 5% on your savings in its linked Flex Regular Online Saver account. FlexPlus is the Nationwide packaged current account with great banking features as well as a range of insurance policies and account benefits. Overall great benefits. Insurance policies include winter sports, golf and business. into a bunch of other top-paying accounts. Lauren Robson is the digital communications manager at Portify. At the moment, it also provides a fee-free overdraft of up to £250 and pays in-credit interest of 3% AER on small amounts. Make sure you get your application in before Friday evening. You need to be signed in for this feature, 36 Featherstone Street What’s more, you have to pay in at least £1,000 a month per account to get the 5% rate on balances and it's only valid for one year, falling to a variable 1% after your first anniversary. If you aren't an existing customer but want to grab the rate before it's pulled, Nationwide has told us that it is still possible to apply for both a FlexDirect Account and get a Flex Regular Online Saver before the deadline. FlexBasic – a stripped back account designed for people ineligible for other accounts. So ACT NOW if you have a Nationwide account. It’s important to note that we have reflected the changes made by Nationwide to the FlexPlus account offering on 1 November, 2019 in this review. For assistance, call 1-800-562-4342. Farm and ranch agent. The minimum is … And remember, if you are a Nationwide customer, you can write a short review here to help other potential customers. The online bank doesn't have branches but does get consistently good customer-service reviews and has a £100 switching bonus. Nationwide travel insurance: how can I claim? View more current account in our comparison centre. Cashback will only be paid to customers who are accepted for a FlexDirect account and who have completed a full switch online to Nationwide from a non-Nationwide current account using their Current Account Switch Service. It’s worth it even if you don’t think you can pay in £250 every month. Free banking text message alerts and paperless communications included. The Nationwide FlexStudent Current Account offers an interest and fee-free overdraft up to £3,000, and 1% AER gross per annum on balances up to £1,000. EC1Y 8AE, LOVEMONEY.COM LIMITED IS A REGISTERED COMPANY IN ENGLAND & Wales. 0.05%. Mar 4, 2021. Over one year the Nationwide Plus account will save me paying £350 for insurance and breakdown cover separately, earn me £75 in interest and pay me £100 to switch. Full insurance benefits are extended to all family members living at the same address. Currently, Nationwide's online FlexDirect account pays 5 percent AER interest fixed for the first 12 months, on savings in the account up to £2,500 - 4.89 percent gross a year. For assistance, call 1-800-562-4342.; Farm and ranch agent Manage your farm and ranch customer accounts. Signing up for the FlexDirect account means you’ll be entitled to some extras beyond the 5% interest rate on your current account balance. Quote: Nationwide offers 2% interest rate through account which ‘gives savers more’ - check now NATIONWIDE customers could secure an attractive current account … All for a fee of £13 a month for maintaining the account. Market-leading rates for some of your savings, neat cashback perks and a better customer service record than many high street rivals. Read Guest's review of the Nationwide Basic FlexAccount, 3 of 8 Nationwide Basic FlexAccount reviews, & compare with other Bank Accounts at Review Centre It’s for this reason that we say it only forms a part of any savers’ plans as you’ll likely have to cascade your savings into a bunch of other top-paying accounts. At the moment, it also provides a fee-free overdraft of up to £250 and pays in-credit interest of 3% AER on small amounts. Flex plus insurance cover adds value. To register, complete an online registration form. Laptop sign-in is cumbersome so use ipad app with fingerprint recognition. Former Employee. 2 helpful votes. By Lee Boyce. So, repairing your £100 phone using the insurance on this account will actually cost you £206. FlexPlus – an account that comes with benefits and incentives, though at … You'll need to apply for the FlexDirect account online today (4 April) and then head into a branch before closing time on Friday (5 April) to get the linked saver account. 4.0. On top of that we still have halifax account which pays us £5 a month instead now so we use that to pay nationwide!! All Rights Reserved. Save. Joint current account options with flexibility to bank via secure online banking, a free mobile app, branch access and telephone banking. Account holders can also access cashback offers from selected retailers. There’s also the Simply Rewards scheme, which will see you receive cashback offers based on your spending habits. The new offering comes with a monthly fee of £10, the first time Nationwide has charged for banking. 0.05%. Nationwide FlexAccount Reviews. The FlexPlus account from Nationwide falls under the packaged account category which typically combines a current account with an insurance product or other benefit such as airport lounge access. In this review we discuss the benefits and drawbacks of this popular account to help you decide whether it makes financial sense for you. Nationwide offers 2% interest rate through account which ‘gives savers more’ - check now NATIONWIDE customers could secure an attractive current account amid … The Nationwide Flex Direct account has 'simplified' overdraft charges, pays interest on balances in credit and unlocks access to other products. However, we’re left a little cold but some of the exclusive products you get access to, and after one year many of the best perks are simply taken away. © 2020 Portify Limited. Comprehensive benefits package, but the medical premiums are disappointingly high with not the best coverage. A joint balance transfer and new purchase card offering 12 months interest-free is well short of the top offers: for example, you can get 28 months with this HSBC Balance Transfer Card (1.4% fee). If you go overdrawn, there’s the handy offer of a fee-free arranged overdraft. Products and discounts not available to all persons in all states. I had to call Nationwide today because having made a number of purchases for my upcoming wedding I forgot to move money from my savings to my daily account. Nationwide FlexPlus is our long-standing top-pick packaged bank account, offering travel and mobile phone insurance plus breakdown cover for a £13 monthly fee. to some extras beyond the 5% interest rate on your current account balance. Oh, and that exclusive personal loan rate of 3% is also more than you’ll pay at the cheapest lenders. If not – or you simply don't live near a branch – then consider first direct's 1st Account, which has a linked 5% saver. Report. Similarly, the fee-free overdraft is a 12-month offer. 8 million current account holders – this is a popular offering at Nationwide. For starters, remember that 5% rate on balances? Do you want to comment on this article? Like all the other banks, Nationwide increased the overdraft interest rate as part of the new rules. Choose FlexPlus for great banking features as well as a range of insurance policies and account benefits for you and your family. To make a claim, call 0800 051 01 54. If you look on the Nationwide website and look to open a flex account, you can choose one of three options which lets you open this account. Finally, once you're a member, if you recommend it to a friend and they sign up, you'll each get £100. Sadly, many of those exclusive offers can easily be beaten. You'll pay a $40 annual fee for your first retirement account with Edward Jones and $20 for additional IRAs (waived for account values above $250,000). Access to Apple Pay, Google Pay and Samsung Pay available with applicable devices. Do I have overlapping coverage from other policies? On top of that we still have halifax account which pays us £5 a month instead now so we use that to pay nationwide!! In some cases, yes! Travel-friendly contactless debit card to withdraw cash or make payments abroad without foreign transaction fees. With so many different current accounts now available, you can read these honest Nationwide FlexDirect reviews to find out what life as a Nationwide customer is really like. Retirement accounts are also charged dividend reinvestment and dollar-cost averaging fees. COMPANY REG NO: 7406028 VAT NO: 945 6954 72. You can apply for the FlexDirect account here if you’re interested, or you can take a look at some of the rival offers in our current account comparison tables. This can be a massive bonus for anyone regularly overdrawn. 8. If you have a current account or savings account, you can visit your local Nationwide branch or call 0800 464 3139 and speak to an advisor. As a full-service firm, Edward Jones has a wide variety of options when it comes to accounts. Leave a Nationwide FlexAccount review to help others save money with the best cashback offers around. Make a payment, report a claim, take a training course or manage your policies. It’s limited to the first £2,500 in your account (you get a big fat 0% on any balances above that). Manage your farm and ranch customer accounts. 12 years ago. excellent custmor service. Access to 5% AER (4.89% gross p.a) interest on in-credit balances of up to £2,500 (fixed for the first 12 months). missed ports or cabin confinement etc. All for a fee of £13 a month for maintaining the account. Alternatively, we're told you can apply for both accounts in-branch today (4 April) if you want to get it sorted in one go. Offering exclusive financial products is a good way to foster loyalty. Then there’s the ‘Flexclusives’ – a range of financial deals that are only available to current account holders. Nationwide FlexPlus account. 1 review. Access to up to £500 cash per day via the Nationwide ATM network. The FlexPlus account makes sense if you are a family with multiple dependents who go on regular holidays abroad. For instance, the Guided Solutions Flex Account has a minimum of $25,000, but the Guided Solution Fund Account only has a minimum of $5,000. Sadly this Flex Regular Online Saver is being closed down on Friday 5th April, and there are currently no plans to replace it. Pay a bill, manage a claim or review a policy. All in all, over two years the value of the benefits to me and my family mean I effectively get the Flex Plus for free – and I will be £710 better off. Here's what you get with FlexAccount No monthly account fee 6 April 2020. Read our member's Nationwide FlexAccount reviews and feedback. Highest Star Ratings Lowest Star Ratings Date: Newest First. See the full retirement account fee schedule . Nationwide, Nationwide N & Eagle, and Nationwide Is On Your Side are service marks of Nationwide Mutual Insurance Company. Former Employee. Keep in mind that the Financial Conduct Authority (FCA) recommends asking yourself the following questions when deciding whether a packaged account makes sense for you: For £13/month (£156/year), the FlexPlus account includes the following banking and insurance products: Note: Travel insurance cover may be temporarily restricted due to the coronavirus pandemic: more here. This meant when my monthly credit card payment came up I had insufficient funds incurring a charge and … I am now in the process of opening a flex plus account ... (well controlled on one tablet) and a dodgy heart valve under annual review. In fact, I have two Nationwide flex accounts - one that's "ours" that we use for food shopping, eating out, drinks, etc; and one that's "mine" (well a girl's gotta buy her shoes and handbags hasn't she?). Nationwide we got a joint account and for £10 between us we get all this. Will I make use of all of the insurance benefits included in the packaged offering? Nationwide we got a joint account and for £10 between us we get all this. Nationwide falls under the packaged account category which typically combines a current account with an insurance product or other benefit such as airport lounge access. If you want to bag the 5% interest FlexDirect currently pays on balances up to £2,500, you've until Thursday 30 April to apply and lock in that rate for a year. You'll pay a $40 annual fee for your first retirement account with Edward Jones and $20 for additional IRAs (waived for account values above $250,000). Exclusions and limitations apply, so please read all the insurance policies and benefit details carefully. Nationwide Mutual Insurance Company and Affiliated Companies. Commercial agribusiness. Imagine if you will we were trying to convince your friend to open this account based on what you get after 12 months: 1% variable interest, a charge of 50p a day for any borrowings plus a few exclusive products. Nationwide FlexPlus account Choose FlexPlus for great banking features as well as a range of insurance policies and account benefits for you and your family. Compare Nationwide and First Direct's current accounts here. “The Nationwide Flex Account was one of the easiest...” Written on: 21/05/2009. Excess payments on mobile phone claims have increased. The minimum account size will depend on the type of account you open. Great benefits package from paid time off, 401K match, health and dental and vision insurance. Edward Jones Account Options. The monthly price may not be worth it if you don’t travel abroad (beyond the EU) often, only take one or two holidays per year, or have an old or basic mobile. Nationwide to pay 5% interest on FlexDirect current account balances up to £2,500. Text messages re my unusual /larger payments very reassuring. Before calling for cancellation claims, you should contact your travel agent and/or airline to seek a refund or to move your trip. The Nationwide Flex Account was one of the easiest accounts I have opened, it was straight forward and the staff were helpful and talked me through the whole application, where I was given an instant decision in branch. It’ll be withdrawn at 11.59pm. Which leads us neatly to the point we made in the headline: it’s a hell of a product… for serial switchers. Full breakdown coverage for two automobiles included. So if you go overdrawn you’ll pay a huge 39.9%. Subject to underwriting guidelines, review and approval. 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