Nationwide FlexDirect current account

If you live outside of 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 a FlexDirect account.

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.

FlexDirect gives you interest when your account is in credit - 2% AER (1.98% gross p.a.) in-credit interest on balances up to £1,500 (fixed for the first 12 months). You'll need to pay in a minimum of £1,000 per calendar month, excluding transfers from any Nationwide account held by you or anyone else.

FlexDirect is based on a simple self-service concept – you'll be automatically registered for our online and telephone banking services to manage your account. If you ever have a transaction that can't be completed via our self-service options then our branches and UK call centres will be here for you.

Here's what you get with FlexDirect

In-credit interest

2% AER (1.98% gross p.a.) in-credit interest on balances up to £1,500 (fixed for the first 12 months)

No monthly account fee

That's right, no monthly fee just for keeping your account with us!

A free Banking app

Our free Banking app lets you manage and access your money on the move.

Mobile payments

You can make payments with your Nationwide debit cards using Apple Pay, Google Pay™ or Samsung Pay anywhere that contactless payments are accepted.†

Use your account both in and outside the UK

Make purchases and withdraw cash from ATMs both in and outside the UK with your debit card (non-sterling transaction fees apply).

Contactless payments

Use your Nationwide debit card to make payments of up to £45 in seconds.

† Available on selected Apple devices only and compatible Android devices using Android 4.4 and higher.
Apple Pay is a trademark of Apple Inc.
Google Pay is a trademark of Google LLC.
Samsung and Samsung Pay are trade marks or registered trade marks of Samsung Electronics Co., Ltd. Use only in accordance with the law. Samsung Pay is available on select Samsung devices.

A Nationwide FlexDirect account also gives you...

  • Online banking
  • Paperless statements, online only statements 24/7
  • Contactless Visa debit card
  • Withdrawal of up to £500 cash per day from ATMs (ATM withdrawals outside the UK may be subject to a charge – see Rates & Fees for details)
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

Useful information

About FlexDirect

About FlexDirect

Access to 2% AER (1.98% gross p.a) interest on in-credit balances of up to £1,500 (fixed for the first 12 months). You must pay in at least £1,000 per calendar month (excluding transfers from any Nationwide account held by you or anyone else) to get these rates. After 12 months the interest rate reverts to 0.25% AER (0.24% gross p.a) variable on balances up to £1,500. Interest paid monthly. 

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

How we pay interest

How we pay interest

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. 

AER and Gross explained


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.