Finding the account that's right for you

If you live outside the UK, but in a country that's part of the European Union (EU) or European Economic Area (EEA)Fallback Text, you can apply for one of our current accounts below.

What is the EU/EAA?

The EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. 

The European Economic Area (EEA) includes EU countries and also Iceland, Liechtenstein, Norway, French Guiana, Gibraltar, Guadeloupe, Madeira, Martinique, Mayotte, Réunion, Saint-Martin, The Azores and The Canary Islands.

There are a few things to consider when choosing an account:

  • When we receive your request to open an account, we'll use our standard UK credit checks to make sure you're eligible for the account you've chosen. This may mean we can't offer you the account you choose and you may only be eligible for our FlexBasic account*. 
  • You can start your application online, but we'll need to see your identification (ID) in person. This means you'll have to travel to one of our UK branches within 2 months of receiving an invitation from us. This is so we can verify who you are, in line with our legal obligations under UK money laundering regulations. As you do not live in the UK, we're unable to fully complete these identity checks using automated processes within the UK, so we must complete the checks face to face with you.
  • For all Nationwide current accounts, cash and cheques can only be paid into the account in pounds sterling (GBP), and cash and cheques in any other currency or cheques from a non-UK bank or building society can’t be accepted. Single Euro Payments Area (SEPA) Direct DebitsFallback Text can't be paid from your Nationwide account.

What is SEPA?

"The Single Euro Payments Area (or 'SEPA' for short) is where...European public authorities can make and receive payments in euros under the same basic conditions, rights and obligations, regardless of their location."

Read the full description


FlexBasic - our basic current account

Our basic current account for customers aged 18 or over

FlexBasic Current Account card

  • No monthly fee
  • No overdraft available

You will only be eligible for the following accounts if you meet our standard UK credit checks**


Account name In-credit interest Monthly fees Benefits
FlexAccount
Age 18+



More details
FlexDirect
Age 18+
5% AER (4.89% gross p.a.) fixed in-credit interest on balances up to £2,500. This rate is fixed for the first 12 months, subject to if you pay in £1,000 each calendar month (excluding transfers from any Nationwide account held by you or anyone else).1

More details

FlexPlus
Age 18+
3% AER (2.96% gross p.a.) variable in-credit interest on balances up to £2,500. Interest is paid monthly
£13
Commission-free cash withdrawals inside and outside the UK
More details

FlexStudent
Age 18+
 
  More details

* You can appeal against any decision that we may make on your application. Full details will be sent to you if we decline your application.

** To have a UK credit history, you must have opened at least one account with a bank or credit organisation that reports to UK credit bureaus and the account has been open for at least 6 months.


UK flag

Do you live in the UK?

If you live in the UK, you will need to follow a different application process. Start by choosing from our full range of current accounts.

Find out more

Things you need to know

Our current accounts

Important information about our current accounts

We won’t open your new current account until we have carried out all our background checks, including identification (ID) checks. We will need to see your ID in person – this means you will have to travel to one of our UK branches.

You will only be able to pay money into and out of your Nationwide account in pounds sterling - this includes cash, cheques and Direct Debits. Single Euro Payments Area (SEPA) Direct DebitsFallback Text can’t be paid from your Nationwide account.

For information on how we send and receive overseas payments, please see our overseas payments leaflet.

We only have branches in the UK, so you will be managing your money at a distance. If you want to contact us, you will need to do so online, by telephone, or travel to one of our UK branches.

1 FlexDirect gives you access to 5% AER (4.89% gross p.a.) fixed interest on your in-credit balance up to £2,500. This rate is fixed for first 12 months and then reverts to 1% AER gross p.a. (variable) afterwards. You must pay £1,000 or more (excluding transfers from any Nationwide account held by you or anyone else) into your account each calendar month to receive in-credit interest with FlexDirect.

What is SEPA?

"The Single Euro Payments Area (or 'SEPA' for short) is where...European public authorities can make and receive payments in euros under the same basic conditions, rights and obligations, regardless of their location."

Read the full description

How interest is paid

How we pay interest on current accounts

On the last day of each month we calculate the interest you've earned each day of that month and then pay you this interest on the 1st day of the next month. We pay interest without tax deducted. 

Under the terms and conditions of FlexDirect, customers are only entitled to one promotional credit interest rate of 5% AER (4.89% gross p.a.) fixed. The only permitted exception to receive more than one promotional rate is if the additional account is held in joint names.

Any additional FlexDirect accounts held or more than one joint account held by you and another customer will result in the credit interest rate being reduced from 5% AER (4.89% gross p.a.) fixed to 1% gross p.a/ AER (variable) within 3 working days of the account being opened.

AER and Gross explained

Glossary

What does AER mean?
AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.

What does gross mean?
Gross p.a.
is the interest rate without tax deducted.