Finding out about your financial situation.
A company which holds details of people's credit histories.
A statistical method for assessing your ability to repay a loan.
A letter from another party - usually a financial institution - asking how well you run your account.
The full amount, before tax is taken away.
The amount 'after tax'.
A theoretical rate which shows the rate if interest was paid & added to the account yearly. It allows you to compare rates with other financial institutions.
Per Annum/year.
The yearly cost of an overdraft or loan. Theoretically it allows you to compare like with like when looking at different rates offered by lenders.
The amount we have agreed, in advance, to let you overdraw your account by.
When you go overdrawn, or exceed an agreed overdraft limit, without prior agreement with Nationwide.
Cash machine.
A card which lets you withdraw your money from ATMs.
An electronic payment system that you can use to transfer money within the UK.
When you use your FlexAccount Debit Card or Nationwide Credit Card to withdraw cash or make purchases abroad, Nationwide will not charge you a currency conversion fee. Your purchases and cash withdrawals will be converted to sterling at a rate set by VISA. Card providers have the option of adding a percentage to that exchange rate. This is a currency conversion fee.
If you use your FlexAccount Cheque Guarantee Card to withdraw cash abroad, you will not be charged a currency conversion fee at CIRRUS machines. Unlike most financial organisations, Nationwide will not charge you for using your card abroad.
A card which you can use to pay for goods and services. The money is debited from your account a few days later.
You can use your debit cards to pay for goods and services wherever you see the Delta symbol.
An electronic payment system that you can use to transfer money around the world.
Cards with a VISA symbol are accepted wherever the VISA symbol is shown - which includes retail outlets and financial institutions throughout the world.