5% interest & no overdraft fees for the first 12 months
That's FlexDirect
Applying for a FlexDirect account
- It only takes about 10 minutes
- We'll give you an instant decision
- Joint accounts available
- Just have your last 3 years' address history and any employer's details to hand
Upgrading from FlexAccount to FlexDirect?
The travel insurance and promotional offers that come with your FlexAccount will stop when you upgrade to FlexDirect. The way your overdraft is charged will also change. Please make sure you understand these important points before you upgrade.
How your travel insurance, promotional offers and overdraft will change
Important upgrade information
What will happen to your FlexAccount travel insurance and promotional offers
When you upgrade your account, any account specific promotional offers or insurances (including any insurance upgrades you may have paid for) that come with your existing account will stop immediately and won't be refunded. If you decide to cancel your upgrade within the 28 day cancellation period, we will reinstate any offers and insurances that came with your previous account.
How your overdraft fees will change
The FlexAccount overdraft rate is applied as a percentage (currently 18.9% EAR variable for arranged overdrafts). With FlexDirect, overdraft rates are charged as a flat daily rate (starting from £0.50 per day for arranged overdrafts). To understand more about the difference between these overdrafts please see our Understanding Overdrafts leaflet.
- Switching your Direct Debits and standing orders to Nationwide
-
Switching to a new current account
It's easy to switch your existing Direct Debits and standing orders to your new Nationwide current account, just have your existing current account details to hand when you apply. We'll ask you for the details in the form and also when you want us to start switching your account. Once you've applied, we'll take care of everything and update you on how it's all going.
Switching when you upgrade
If you want to upgrade your existing Nationwide current account and switch your Direct Debits and standing orders from another provider, you need to upgrade first and then switch. Once your upgrade is complete, you can switch online from our switch to us page.
More about switching
Nationwide subscribes to the Lending Code. For more information on the Lending Code please visit http://www.lendingstandardsboard.org.uk.
FSCS - Protecting your money. Find out more
FSCS - Protecting your money
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk