Nationwide Current Accounts Guide
As the second largest savings provider and top three lender of mortgages in the UK, it is also a major provider of current accounts, credit cards and personal loans.
Nationwide is the world’s largest building society. It has existed for over 160 years and has around 15 million members. As the second largest savings provider and top three lender of mortgages in the UK, it is also a major provider of current accounts, credit cards and personal loans.
Nationwide also owns Cheshire, Derbyshire and Dunfermline building societies.
What types of current account does it provide and what are the benefits?
Nationwide offers several current accounts, including the FlexAccount, FlexDirect account, FlexStudent and FlexPlus accounts. Customers can bank by telephone, internet or in branch.
Depending on what you are after and the account you choose, you can enjoy benefits such as an interest-free overdraft, earning interest on your balance, or paid-for benefits such as family travel insurance and UK and European breakdown cover.
Many accounts also give you access to the Nationwide Simply Rewards scheme. This scheme offers cashback rewards when you spend on your Nationwide Visa debit or credit card at selected retailers.
Customers wishing to switch to a Nationwide current account may be concerned that the process will be difficult. However, the building society offers a seven day switch service.
The building society promises to keep you informed throughout the process through text and it has a dedicated team on hand to help you with any queries you may have. Payments into and out of your old account will continue to be redirected for 13 months. It will also inform you of payments that are still going to your old account that you’ll need to transfer before the redirection period ends.
If you wish to apply online to switch your account, it couldn’t be easier. You simply need to fill out some basic details and give the name, account number and sort code of the account you are switching from. Nationwide will do the rest.
Comparing current accounts
It’s important that you consider whether or not your current account is working as hard as it should be for you. Shopping around is vital as you could be missing out on major benefits by sticking with the same current account provider that you have always had.
Comparing current accounts on MoneySupermarket will allow you to see a variety of current accounts and pick one that will be the most beneficial for you.
