Three-month interest-free overdraft when you switch to FlexAccount
When you open a FlexAccount and switch your existing current account to us, we will offer you a three-month interest-free overdraft.
If you have an agreed overdraft of £1,200 the interest rate we will charge you is 18.9% EAR (variable).
EAR - Equivalent Annual Rate - the cost of an overdraft stated as a yearly rate, taking into account the compounding of interest, which you can use to compare rates offered by different providers.
Conditions apply.
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1. This offer is for a three-month interest-free overdraft and will depend on our normal lending conditions. It is only available if you are 18 or over and are switching an existing current account at the time of opening a Nationwide current account.
2. Switching an existing current account is when you ask us to arrange to transfer your Direct Debits and standing orders from an account with another bank or building society to a Nationwide current account using our Managed Account Transfer service. To use this service you need to fill in and sign an ‘Authorisation for a Current Account transfer’ form.
3. The interest-free overdraft period is for three months starting on the date you open a current account with us.
4. If you transfer your Direct Debits or standing orders yourself or do not have any Direct Debits or standing orders to transfer to your new Nationwide current account, you will not qualify for this offer.
5. This offer is only available if we offer you a debit card when opening your FlexAccount. It is not available to Cash Card Accounts or chequebook and cash card only accounts.
6. After the three-month interest-free period our standard overdraft rate will apply to all overdrafts. You may have to pay fees if you go over your agreed overdraft limit, see nationwide.co.uk/current_account/rates or our leaflet ‘Current account interest rates and charges’ for more information.
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1. This offer is for a three-month interest-free overdraft and is only available if your main address is in Northern Ireland.
2. The three-month interest-free overdraft will depend on our normal lending conditions and is only available if you are 18 or over and are switching an existing current account at the time of opening a Nationwide current account.
3. Switching an existing current account is when you ask us to arrange to transfer your Direct Debits and standing orders from an account with another bank or building society to a Nationwide current account using our Managed Account Transfer service. To use this service you need to fill in and sign an ‘Authorisation for a Current Account transfer’ form.
4. The interest-free overdraft period is for three months starting on the date you open a current account with us.
5. If you have to pay any interest or charges as a result of a failure in the switching process, either we or your existing bank or building society will refund these.
6. If you transfer your Direct Debits or standing orders yourself or do not have any Direct Debits or standing orders to transfer to your new Nationwide current account, you will not qualify for this offer.
7. This offer is only available if we offer you a debit card when opening your FlexAccount. It is not available to Cash Card Accounts or chequebook and cash card only accounts.
8. After the three-month interest-free period our standard overdraft rate will apply to all overdrafts. You may have to pay fees if you go over your agreed overdraft limit, see nationwide.co.uk/current_account/rates or our leaflet ‘Current account interest rates and charges’ for more information.