Compare Nationwide current accounts
Competitive rates, benefits including overdraft options, and an extensive UK branch network, could make Nationwide worth considering as your current account provider.
Who is Nationwide?
Nationwide is the UK’s largest building society, offering competitive financial products like current accounts, savings, mortgages, personal loans, and home insurance.
As a mutual with more than 600 branches, it’s owned by its members, meaning profits go back into better rates and services.
Whether you're looking for a flexible mortgage, a rewarding savings account, or everyday banking, Nationwide provides trusted financial solutions with a focus on customer service and community support.
What types of current accounts does Nationwide offer?
Nationwide offers a variety of current accounts to suit different customer needs. These include:
FlexPlus: A packaged account providing worldwide family travel insurance, mobile phone insurance, and UK and European breakdown cover. It has an £18 monthly fee
FlexDirect: An online-focused account offering 5% interest on balances and 1% cashback on debit card purchases for the first 12 months. No monthly fee applies
FlexAccount: An everyday banking account with no monthly fee, allowing flexible banking options
FlexStudent: Designed for students aged 18 or over, this account offers an interest-free arranged overdraft to assist with university expenses. No monthly fee applies
FlexOne: A youth account for 11 to 17-year-olds, providing interest on balances and tools to help manage money. No monthly fee applies
FlexBasic: A basic account for individuals without another UK current account or those who don't qualify for other accounts. It has no monthly fee but offers limited features.
What rewards can I get with Nationwide?
The FlexDirect account offers 5% interest on balances up to £1,500 for the first 12 months, allowing you to earn up to £75.
There is also 1% cashback on debit card purchases up to £5 a month. You’ll need to pay in £1,000 a month to qualify.
Both the FlexOne and FlexStudent accounts earn interest on balances, helping young customers grow their money while managing finances.
While the FlexPlus account includes worldwide family travel insurance, mobile phone insurance, and UK & European breakdown cover, there is an £18 monthly fee.
What overdraft do I get with a Nationwide current account?
Nationwide offers arranged overdrafts with interest-free buffers on select current accounts, helping you manage short-term borrowing.
With its FlexDirect, FlexPlus and FlexAccount, the first £50 of any arranged overdraft is interest-free in case you go a little overdrawn. After which standard rates apply.
FlexStudent, its dedicated student account, provides an interest-free overdraft of up to £1,000 in your first year of study, up to £2,000 in your second year and up to £3,000 in your third year. Post-graduation, the account switches to a FlexGraduate that offers a reduced overdraft limit over time.
No overdrafts are available on its FlexOne or FlexBasic accounts. Overdrafts are subject to status, so always check eligibility before applying to avoid unexpected fees.
Can I switch to a Nationwide account?
Yes, you can switch to a Nationwide current account and receive £175 if you meet the following criteria:
Switch a non-Nationwide account with at least two active direct debits
Close your old account as part of the switch
Complete the switch within 28 days
Within 31 days of requesting the switch, deposit £1,000 (excluding transfers from other Nationwide accounts) and make at least one debit card payment
Nationwide uses the Current Account Switch Service (CASS) to transfer payments, direct debits, and standing orders automatically. The process is designed to ensure a smooth transition with a compensation guarantee for any that occur during the switch.
What fees and charges come with Nationwide accounts?
While most of the Nationwide current accounts offer free banking there are a few fees to be aware of. These include:
Monthly fees: The FlexPlus packaged account charges £18 each month
Overdraft charges: While there is a £50 buffer on some current accounts, interest may apply on arranged overdrafts. Unarranged overdrafts risk payments being declined or additional fees added
International fees: Fees may apply when spending and sending money abroad, and withdrawing cash from ATMs overseas
Other fees: Replacement cards or CHAPS payments may also have costs.
How can I contact Nationwide about my current account?
You can contact Nationwide through phone, online chat, secure messaging on the app, or visit your local branch. To direct your query to the right department, visit the contact us page on the Nationwide
Is Nationwide regulated?
Yes, Nationwide is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
This ensures it follows UK financial rules, protecting customers’ money and interests. Deposits up to £85,000 are also covered by the Financial Services Compensation Scheme (FSCS).
How do I open an account with Nationwide?
Whether you’re looking to open your first current account or switch from another provider, the process is made simple with Nationwide.
Choose an account: Compare current account options to find the best fit for your needs.
Check eligibility: Ensure you meet the age and residency requirements, such as being aged 18 or over and prepared to register for internet banking.
Apply online or in-branch: Complete the application form on Nationwide’s website or visit a branch. This includes submitting proof of identity and address.
Wait for the switch: If Nationwide is taking care of the switch through the CASS, you can sit back and wait for instruction.
Start banking: Receive your account details and debit card, deposit money and start using your account.
Why you should compare current accounts
A current account is your key to everyday banking, so finding the right one matters. Compare accounts with MoneySuperMarket to check overdrafts, fees, customer ratings, and access options.
Once you’ve chosen, switching is easy with the Current Account Switch Service, completing in seven working days. Your new bank transfers all payments, including Direct Debits and wages, and handles any issues.