Nationwide Flex Direct Current Account 5% on 12 months - £2.50 @ Nationwide Building Society

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Nationwide Flex Direct Current Account 5% on £2.5k for 12 months

£2.50 Nationwide Building Society9 May 17

Source: HotUKDeals | Deals > All categories

Opening post

shyamganatra

8 May 17

The FlexDirect account could be right for you if you're after an account that pays you interest when you have money in your account and you prefer to do your banking online or over the phone. It also has a really simple set of overdraft fees. To benefit from in-credit interest, 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.

FlexDirect also comes with...
Free mobile banking
Secure Online Banking
Paperless statements
Free text alerts
Contactless
Apple Pay*
Android Pay*
Access to offers
Simply Rewards
Up to £500 ATM
Branch access
Joint account
Telephone banking
Cheque book

£125 interest on £2500 for a year

Latest comments (54)

Holdsworth37

11 Aug 17 #54

Can recommend for £100 incentive

Jacktheripper69

28 Jul 17 #53

I can refer and split my payments as well

Holdsworth37

14 Jun 17 #52

Can refer

Jacktheripper69

1 Jun 17 #50

I have tried but you don't have PM enabled

sarkymark1 to Jacktheripper69

2 Jun 17 #51

I can give you a referral if you are having difficulties.

mattyscfc

1 Jun 17 #49

PM me mate, I am not active enough to PM you but I have a current account ready to switch.

sarkymark1

24 May 17 #48

Added incentive for this account is the one year promotional rate on overdraft which means that you avoid the usual 50p per day fee on arranged overdraft. Depending on your credit score they will give you a substantial amount of overdraft. They offered me £2750 but I went for £1000. Whilst it should be everybody's intention to stay in credit this will come in handy for 12 months of possibly unexpected spending. Good luck!

sarkymark1

24 May 17 #47

I could be such a friend! lol[/quote
I have just switched to this account using referral scheme and would love to share the love (£100 each) for anyone that is interested. Please PM me for referral link and info. Thanks!!

Jacktheripper69

18 May 17 #46

I can refer but also split my half of the bonus as well if anyone wishes to pm

sidesey

12 May 17 #45

Agreed, worth it for mobile insurance alone, plus unlike Barclays you don't even have to name devices, rest is a bonus.

sidesey

12 May 17 #44

Happy to refer someone too.

alexx_jmss

12 May 17 #43

First I need a few details about the person I refer and after 1 or 2 days I receive an e-mail from nationwide which confirms the referred person. After that the person can sign up online on nationwide website for a current account switch. you also must have 2 direct debits active on your current account.

wakkaday

11 May 17 #42

When you do a refer do you have to click on an email link or can you just go. Ahead and sig up

pshemek

10 May 17 #41

Yes, in order to get the interest you need to pay at least 1k per month. So to begin with I would transfer in 2.5k plus additional amount to cover direct debits. You can keep 2.5k on the account and every month transfer additional 1k. You can transfer it back to another account basically straight away as long as the transfer doesn't come from another Nationwide account you should be ok.

wakkaday

10 May 17 #40

It says for the 100 kwid referral you have to switch with 2 dd

wakkaday

10 May 17 #39

Do. You have to at least pay in a 1000 each month, but if you keep the 2500£ in at all times you will get the 10£interest

So you don't really have to switch Currently with first direct. And also can you take the 1000 out each month and put back in if that makes sebse

This deal is good especially with the referral

medic

10 May 17 #38

No complaints at all about Nationwide. Excellent account, especially the flex plus account. The interest on that one almost pays for the £10 monthly fee which provides mobile phone insurance, car breakdown and annual worldwide travel insurance.

Happy to refer anyone, just PM me

pshemek

10 May 17 #37

I'm happy to refer anyone as well. Can't complain about Nationwide. Seems like people there actually like their jobs. The only thing I don't like is the fact that if you want full access to your account or authorise new payee you need to use card reader. Card reader is one of the most annoying things as it's never there when you really need it. Text message or call authorisation would be much more convenient. Just like Halifax do.

Shard

10 May 17 #36

Thanks, but someone beat you to it

Dan29

10 May 17 #35

Just name, date of birth and email address. If anyone wants a referral just send me a PM :sunglasses:

Shard

10 May 17 #33

Refer a friend, "You give us a few details about you and about your friend.". What information needs to be provided? Not that I'm not the trusting type

alexx_jmss

10 May 17 #34

If anyone wants to be referred for £100 each, then PM me

Hx3KinG

10 May 17 #32

If anyone would like me to refer them, hit me up with a PM :smile:

clonereeco

10 May 17 #31

If anyone wants to be referred for £100 each then drop me a PM :face_with_monocle:

akashi

9 May 17 #30

If anyone wishes for a referral, please message me.

jynx88

9 May 17 #29

i just closed an online only savings account and have to say it was really handy as it was all online only, like had to log onto online banking and transfer to main account to withdraw so i personally thought was very good as less likely to touch it.

jynx88

9 May 17 #28

yes i was saying that i understood that and there is more than 2.5k sitting there all the time and more than that going in and none of them is from nationwide bank transfers and i did not want to go into figures. but in a round about way.

xeroc

9 May 17 #27

Your response doesn't fill me with confidence. The 5% interest has nothing to do with direct debits or the amount of money going in/out (save for the minimum £1000 pay in). Nor does it have anything to do with whether you switched.

You need to put £2.5k in there, and leave it in there for a full month to get the interest. You can't just put £2.5k in there and transfer it back out again!

I highly doubt that Nationwide have purposefully not honoured it. On the contrary, I imagine the whole process is automated. Are you sure you have a FlexDirect account? I would wager a months worth of interest that you simply aren't meeting the requirements of the account (_;)

pidgeofcdf

9 May 17 #26

Good deal especially with referral
Time to ditch my tsb 1 I reckon.
Surprised mods haven't said no referrals yet on this.

jynx88

9 May 17 #25

it is not rubbish as i have the statements to prove it.

Shard

9 May 17 #24

Unfortunately moneysavingexpert only mentions the linked regular saver in passing so I missed it. Hot from me

chamelion

9 May 17 #23

Is this a thing now? Posting moneysavingexpert top accounts that have been around for multiple years?

Folks if this "deal" is new and hot to you and you enjoy this site, head to moneysavingexpert and check out the top accounts.

cruisecars

9 May 17 #22

Whats the difference between flex and flex direct ?

Jacktheripper69

9 May 17 #21

I would refer anyone and kindly split my referral payment equally as well

khushalkaran

9 May 17 #20

Have had this account for 6 months and the service is great. Interest rate is also one of the highest available.

Will happily refer anyone as a friend. PM me if interested.

xeroc

9 May 17 #19

Rubbish. Pays about £10 a month. £10.04 last month, to be precise!

FatherTed

9 May 17 #18

Anyone want a referral? I charge £95. First come first served only.

themadgoose

9 May 17 #17

Yeah, your friend just told us.

Holdsworth37

9 May 17 #16

Recently done this and was referred by a friend so we both got £100

Holdsworth37

9 May 17 #15

Recently done this and was referred by a friend so we both got £100

Besford

9 May 17 #14

Are you saying they don't honour the 5% offer or is it that you just don't understand how interest works? I suspect the latter.

KitKatFox

9 May 17 #13

Great 'deal', Nationwide have been great for me over the past 10 years.

Also happy to offer friendship!!

sb170

9 May 17 #12

I know they only let you down, easier not to have any.:D

tj9at_jp

9 May 17 #11

If she has another current account with 2 direct debits she can transfer over then yes.

For more info see http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/recommend-a-friend-tab#xtab:if-i-recommend-two-people-who-open-joint-account

You should also change your flex account to this new flex direct. Simple to do online.

JohnnyUtah

9 May 17 #10

Currently have a Nationwide Flex account but in joint names with my other half.

I suppose there's no way to refer for one of us to refer the other for a new Flex Direct account and get the £100?

cbrown1979

9 May 17 #9

it would be nice to have 2500 as my balance. instead of 2.50...

wakkaday

8 May 17 #8

This may be better than cash back card may refer

mcormack

8 May 17 #7

No Thanks, don't like them.

howbord

8 May 17 #6

Anyone need a friend

tj9at_jp

8 May 17 #5

Make sure you leave £2500 in there at all times and never go below this and you will be getting around £10 a month interest.

You also get access to the monthly saver that also pays 5% for a year and you can pay in £500 a month so another £160 interest approximately for the year.

So with the refer a friend bonus you're looking at £380 to switch provided you take full advantage of the interest on offer. Your referring friend also gets £100.

In the process of switching to this. My other half referred me. :-)

deviouspaul

8 May 17 #4

I could be such a friend! lol

jynx88

8 May 17 #3

hi if you are thinking about this do not bother as it is bull as my wife switched from halifax to nationwide to this deal in september and the most interest in a month she has ever got is £3.56 and there is quite a bit of money going through the account. the friend referral is ok as they pay that the following month no problem after the switch has completed.

DanB89

8 May 17 #2

Find a friend with a nationwide account too and you get £100 each for a referral

Mogolent

8 May 17 #1

No branch access ONLINE ONLY

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