See how our FlexAccount compares to other high street current accounts with no monthly fee.

At a glance

	Nationwide FlexAccount	Barclays Bank Account	Halifax Rewards	HSBC Bank Account	Lloyds Classic Account	NatWest Select Account	Santander 123 Account
What you get	Free European travel insurance	no	Cashback £5 a month	no	From 1.5% up to 3% credit interest on balances1	no	From 1% up to 3% credit interest on balances4
You could also get	Exclusive product deals* Discounted loans Preferential savings rates Great mortgage offers Discounted home Insurance	Competitive mortgage rates	Competitive savings rates Competitive mortgage rates	Regular Saver	no	no	Cashback on Direct Debits between 1% and 3%
Minimum monthly pay-in to get benefits	£750	no	£1,000	£5002	£1,000 & remain in-credit	no	£500

Costs and charges

	Nationwide	Barclays Bank Account	Halifax Rewards	HSBC Bank Account	Lloyds Classic Account	NatWest Select Account	Santander 123 Account
Monthly Fee		Free	Free	Free	Free	Free	£2.00
Charge for being £100 overdrawn for 10 days	£0.52	£0.53	£10.00	£0.55	£5.53	£0.54	£10.00
Charge per £100 card transaction abroad	£2.00	£2.99	£4.25	£2.75	£3.99	£4.00	£4.00
Charge for withdrawing £100 worth of foreign currency abroad	£3.00	£4.99	£4.25	£4.75	£4.99	£4.75	£4.74
Overdraft rate (authorised use)	18.90% EAR	19.30% EAR	Between £1-£2 per day 3	19.90% EAR	£5 per month and 19.30% EAR	19.89% EAR	£1.00 a day (up to 20 days)

*Exclusive product deals
To qualify as a main FlexAccount holder, you have to hold a FlexAccount with a Visa debit card (not cash card+) and

• pay in £750 or more each month (excluding internal transfers), or
• agree to complete an Account Transfer from an account (non Nationwide) using our Account Transfer Service or have done so in the past 4 months. For the personal loan offer the account transfer must be requested via branch or telephone and the account must be eligible for an overdraft.
• be aged 18-73

Qualifying conditions vary by offer

Source: Official individual providers’ websites. Information correct as of 21 March 2012. Does not include introductory offers.
¹ Vantage customers only
² only for customers aged over 24
³ Dependent upon balance
⁴ 3% only applicable to balances over 3k

5 Star banking:

Rated 5 star by Defaqto the independent research company for the 6th year in a row.

It’s easy to switch to Nationwide. And that’s a promise.

Whether you’re opening a new FlexAccount or switching to an existing one, you can request a transfer
online in minutes and we’ll handle everything for you. It couldn’t be easier and you can hold us to that
with our four point Account Transfer Promise.

View Account Transfer Promise Terms & Conditions.

Account Transfer Promise

• This offer is available to FlexAccount customers with a Visa debit card (excluding cash card+) where the holder(s) agree to transfer all their payments from a non Nationwide current account using option A of our Account Transfer Service.
• It is NOT available on transfers where there are no direct debits, standing orders or bill payments to transfer. Please note that transfers from a joint to sole account are not permitted.
• The individual elements of the offer may be withdrawn at any time. This will not affect customers who have already requested the account transfer at this time.

£100 Promise

• We will notify all of your payment companies within 10 working days of the start of your account transfer OR, if we don’t, pay you £100, subject to the correct contact and account details being provided. Your account transfer will start the working day after you request the transfer or your account is opened. If a future start date is specified, this will be the date used for the offer.
• Please note it will take your payment companies approximately 10 further working days to start taking the payment from your new account. We are not liable under this offer if your payment company fails to act on our instruction.
• Payment will be made into your Nationwide account the month following completion of your account transfer.
• Payment will be made per account transferred. Only one payment will be made per household.
• Nationwide reserves the right to request a refund if you close your account within 3 months of receiving the payment.

3 Month Refund

• We will refund any Nationwide overdraft charges and interest, incurred due to an error in the transfer process, within 3 months of you starting your account transfer.
• Charges for overseas transactions, non-sterling withdrawals from a cash machine and commission are non-refundable.

Ask us to manage your account transfer from a non-Nationwide account, and we’ll:

Contact all your Direct Debit companies within 10 working days. If we don't, we'll give you £100. Simply have payments to transfer and make sure we have the right information.

Refund any Nationwide overdraft charges and interest incurred due to an error in the transfer process, in the three months following the start of your account transfer. Give us a call and we’ll refund it straight away.

Keep you informed throughout via text and provide a dedicated team to help with any questions.

Check which of your providers have updated their records. We’ll be in touch if they don’t and let you know what you need to do.

How long will it take?

Once you have completed your online application, we'll handle the transfer, and it can take as little as three weeks to transfer your direct debits, standing orders and bill payments. Below is a timeline explaining what happens when.

Days

1-3

Request list of Direct Debits and standing orders:
We will request a list of your Direct Debits and standing orders from your old bank/building society within 24 hours of receiving your request (or on your transfer date, if specified).

Days

4-7

Existing bank/building society provide list within 4 days:
Your old bank/building society should provide a list of your existing Direct Debits and standing orders within 4 days.

Days

8-10

Set up standing orders and Direct Debits:
We will set up your standing orders and contact the companies you pay Direct Debits to.

Days

11-21

Direct Debits updated:
The companies you pay Direct Debits to will update their records - we would recommend that you check with these companies to make sure they've got your new details.

Important information

All rates and charges may change.

We may decide when to apply and waive all account charges.

Counter Draft - Cheque issued in branch which guarantees the funds specified.

EAR is the Equivalent Annual Rate which you can use to compare rates offered by different providers. It is the cost of an overdraft stated as a yearly rate, taking into account the compounding rate of interest. We work out interest each day on any overdrawn amount and take it from your account monthly, giving you 28 days' notice of the amount. Any interest charged is added to the balance outstanding.