Nationwide Flexaccount.  Free European travel insurance and £75 Quidco.
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Nationwide Flexaccount. Free European travel insurance and £75 Quidco.

89
Found 8th Jun 2015
Many banks offer large cash offers to get you to open an account, but the accounts themselves are not always great. I think this is the best account with no monthly fee. Always good service from Nationwide, and having one of their accounts for a while is a really good move if you want a mortgage in future as their mortgages are very competitive with exclusive deals for Flexaccount holders (I pay 1.59% interest with them on my mortgage).

Free 5-star Defaqto European travel insurance if you pay in £750 a month.

Three month interest-free overdraft, after which it is 18.9% interest (usually cheaper than the 50p/£1 a day many banks charge).

£75 Quidco to open an account at the moment.

Also £75 on the FlexPlus which at £10 a month is worth a look for some.

If you have a lot of capital you may be better with a Santander 123 account. You may also like Halifax as they pay you £5 a month. Consider all the options, and think about having more than one account to get the benefits.

Be sure to check through all the T&Cs before signing up to anything and make sure it is right for you.

Cashback will only be paid to customers who take out the product and transfer to it as their main account.

89 Comments

As anyone with an existing Flex Account managed to 'upgrade' and get Quidco ?

Make sure you check through the eligibility conditions:

Be a permanent resident of the UK
Be aged 16 - 75 (Your cover will continue until your 75th birthday, after that you need to purchase an age upgrade policy annually to continue using your cover).
Hold a Visa debit card (not cash card or cash card+) and either,
Switch all your Direct Debits and standing orders to us from another bank or building society to your FlexAccount, using our Current Account Switch Team,
OR
pay in at least £750 per month into your FlexAccount for at least 3 consecutive months (excluding internal transfers)
Eligibility will be assessed when the account switch is complete or at the end of the month, when you have deposited £750 or more.

quidco says £75 cash back not £80?

any requirement? minimum monthly pay in?

Try reading two posts up

One warning on the TI....adding pre-existing medical costs a lot!

I would like to know a little bit more about that great mortgage rate of 1.59%,if thats not too cheeky.
My mortgage is also with nationwide but my rate is 2.5% and im a flex account holder.

I've just signed up for a nationwide mortgage - wish I'd switched to this account first!

I signed up when it was £80

Had the normal account and switched to the £10 a month one.

I have got £80.80 through TCB

got another £26.26 if you apply for their credit card

Just switched to this as it was cheaper than my Natwest Advantage Gold and I got EU breakdown rather than UK only.

I got £82.50 TCB, but alas that is down to £36 now.

Original Poster

Vanmeerkat

I would like to know a little bit more about that great mortgage rate of … I would like to know a little bit more about that great mortgage rate of 1.59%,if thats not too cheeky.My mortgage is also with nationwide but my rate is 2.5% and im a flex account holder.



1.59% is a Flexclusive 3 year tracker (variable rate) for those with a loan to value ratio under 60%.

hotukdeals.com/dea…783

In the last three months of your deal, take a look on their website at what they can offer you.
Edited by: "MarkShopper" 8th Jun 2015

Maybe I am clicking on wrong links on quidco but I can only find £75 if you switch an account, not just open a new one (like it says in the OP)

Done this about 5 months ago, with a similar deal on HUKD. Quidco has paid me the £75.

ChampionshipManager

What's the point of travel insurance?



You serious? oO

ChampionshipManager

What's the point of travel insurance?


Lots of points pal

I pay £10 a month for the flexplus getting £6 interest a month by keeping £2500 in it - 3% interest rate. Claimed twice this year with the mobile phone insurance (stupid kids), used the worldwide travel insurance last year, and claimed for a docs visit. 2 vehicles covered with the breakdown cover. Also have a number of items covered under the extended warranty. Bargain for £50 a year

LesD

One warning on the TI....adding pre-existing medical costs a lot!



Quoted me £162 for a month. Got it elsewhere for £56.

ChampionshipManager

What's the point of travel insurance?



You're on holiday in New York (for example).

You develop abdominal pain. You suffer with it for a couple of days and self-manage with some rest and paracetamol. Pain gets worse the next day - so bad that your other half takes you to the local hospital. You see a triage nurse ($50) followed by a doctor ($200) who orders some blood tests ($60) and an abdominal x-ray ($40). They refer you on to a surgical doctor who reassesses you ($200) and advises a CT scan of your abdomen ($120).

Result of the scan shows bowel ischaemia and you need a life saving operation. You're swiftly seen by an anaesthetist ($200) and operated on by 2 surgical doctors ($1500 - includes use of the theatre).

You recover from your operation for 7 days with each day in hospital costing $400.

You leave the hospital with a bill of $5170 (equivalent to £3369).

You come back home and put a claim in, get 95% of your money back and think 'thank God for the NHS'.


Edited by: "karlie88" 8th Jun 2015

karlie88

You're on holiday in New York (for example).You develop abdominal pain. … You're on holiday in New York (for example).You develop abdominal pain. You suffer it with for a couple of days and self-manage with some rest and paracetamol. Pain gets worse the next day - so bad that your other half takes you to the local hospital. You see a triage nurse ($50) followed by a doctor ($200) who orders some blood tests ($60) and an abdominal x-ray ($40). They refer you on to a surgical doctor who reassesses you ($200) and advises a CT scan of your abdomen ($120).Result of the scan shows bowel ischaemia and you need a life saving operation. You're swiftly seen by an anaesthetist ($200) and operated on by 2 surgical doctors ($1500 - includes use of the theatre).You recover from your operation for 7 days with each day in hospital costing $400.You leave the hospital with a bill of $5170 (equivalent to £3369).You come back home and put a claim in, get 95% of your money back and think 'thank God for the NHS'.



That's a very specific story.

MarkShopper

1.59% is a Flexclusive 3 year tracker (variable rate) for those with a … 1.59% is a Flexclusive 3 year tracker (variable rate) for those with a loan to value ratio under 60%. http://www.hotukdeals.com/deals/nationwide-flexclusive-three-year-tracker-mortgage-1-59-with-no-fees-for-existing-2222783In the last three months of your deal, take a look on their website at what they can offer you.


If on a Nationwide tracker you can switch any time, not just the last 3 months.

Great deal just a shame it's only European cover.

I have a flexdirect account with them, but thinking of switching to this for the travel. Just wish there was a way to get the quidco cashback as well!

Banned

I switched from natwest savings account to this buy my top cash back was declined and still is since February! !
now I have 2 accounts open .

karlie88

You're on holiday in New York (for example).You develop abdominal pain. … You're on holiday in New York (for example).You develop abdominal pain. You suffer it with for a couple of days and self-manage with some rest and paracetamol. Pain gets worse the next day - so bad that your other half takes you to the local hospital. You see a triage nurse ($50) followed by a doctor ($200) who orders some blood tests ($60) and an abdominal x-ray ($40). They refer you on to a surgical doctor who reassesses you ($200) and advises a CT scan of your abdomen ($120).Result of the scan shows bowel ischaemia and you need a life saving operation. You're swiftly seen by an anaesthetist ($200) and operated on by 2 surgical doctors ($1500 - includes use of the theatre).You recover from your operation for 7 days with each day in hospital costing $400.You leave the hospital with a bill of $5170 (equivalent to £3369).You come back home and put a claim in, get 95% of your money back and think 'thank God for the NHS'.



Flip side, I've paid around that total for travel insurance over my life so far, because I wouldn't travel without it, and had nothing ever wrong to worry about. Of course it's tiny compared to the amount I've paid into the NHS without taking very much out X)

At least with travel insurance you get to make the decision yourself, you're basically gambling against an insurance company who's also gambling, with your health.

As for the Nationwide, wouldn't touch them with a bargepole, I was tied to their insurance with my mortgage, they wouldn't pay up for a stolen laptop, even though I had the necessary extras for offsite items, because it had been shipped to my office and was stolen from there.

I now bank with Santander who've been nothing but excellent, which, considering their poor reputation, makes me very happy that I moved, more interest on my money, better online system and better customer service.

mike

It costs £10 a month but if you make full use of the benefits the Flex Plus is a great account as well...quality worldwide family travel insurance, mobile phone insurance, extended warranties, breakdown cover and nearly pays for itself with 3% interest on £2500pm.....nationwide.co.uk/pro…its

Sorry if this is a stupid question. But if u have a santander 123 current account can you keep that AND sign up to this availing for the £75 etc or can does it need to be your 'primary' account?

hornerr

Sorry if this is a stupid question. But if u have a santander 123 current … Sorry if this is a stupid question. But if u have a santander 123 current account can you keep that AND sign up to this availing for the £75 etc or can does it need to be your 'primary' account?



You can have as many current accounts as you want...so yes, you can have both.

anita4, who did you use for travel insurance - we pay Nationwide a lot to be covered?

karlie88

You can have as many current accounts as you want...so yes, you can have … You can have as many current accounts as you want...so yes, you can have both.



T&C's on topcashback say you have to switch the account. Not sure about quidco

OP, please add this to the post

"Cashback will only be paid to customers who take out the product and transfer to it as their main account."

Taz1529

T&C's on topcashback say you have to switch the account. Not sure about … T&C's on topcashback say you have to switch the account. Not sure about quidco



I personally got the cashback without switching...other people on MSE have reported the same.

mjbuckhurst

Flip side, I've paid around that total for travel insurance over my life … Flip side, I've paid around that total for travel insurance over my life so far, because I wouldn't travel without it, and had nothing ever wrong to worry about. Of course it's tiny compared to the amount I've paid into the NHS without taking very much out X)At least with travel insurance you get to make the decision yourself, you're basically gambling against an insurance company who's also gambling, with your health.As for the Nationwide, wouldn't touch them with a bargepole, I was tied to their insurance with my mortgage, they wouldn't pay up for a stolen laptop, even though I had the necessary extras for offsite items, because it had been shipped to my office and was stolen from there.I now bank with Santander who've been nothing but excellent, which, considering their poor reputation, makes me very happy that I moved, more interest on my money, better online system and better customer service.mike


You're not dead yet.
In fact, the older you get, the more likely it is you will need health services.
And by likely, I mean pretty sure... unfortunately.
You pay insurance for your car (alas compulsory by law) and lots of others....

karlie88

I personally got the cashback without switching...other people on MSE … I personally got the cashback without switching...other people on MSE have reported the same.



The conditions say that though, and it is a reason for it not to track

I assume this deal is about the FlexDirect current account, not sure why the deal title says flaxaccount, a bit confusing.

Make sure you don't go for the FlexPlus unless you are willing to pay £10 fee/month.

Also the title should make it clear you get the cashback only if you switch to them, not just open an account:

"for an approved and opened new Nationwide FlexDirect account when you switch to Nationwide from a non-Nationwide current account using their full Current Account Switch Service"

MaximusRo

I assume this deal is about the FlexDirect current account, not sure why … I assume this deal is about the FlexDirect current account, not sure why the deal title says flaxaccount, a bit confusing.Make sure you don't go for the FlexPlus unless you are willing to pay £10 fee/month.Also the title should make it clear you get the cashback only if you switch to them, not just open an account:"for an approved and opened new Nationwide FlexDirect account when you switch to Nationwide from a non-Nationwide current account using their full Current Account Switch Service"



FlexDirect, FlexPlus and FlexAccount are all different types of accounts.
Edited by: "karlie88" 8th Jun 2015

karlie88

I personally got the cashback without switching...other people on MSE … I personally got the cashback without switching...other people on MSE have reported the same.


I think they also reported they managed to switch to Yorkshire bank multiple times, and it turned out later on it was not really that simple.
I would avoid encouraging people to risk it and waste their time, Quidco/TCB cashback is not guaranteed even when you really follow the rules, let alone when you ignore them on purpose.

MaximusRo

I think they also reported they managed to switch to Yorkshire bank … I think they also reported they managed to switch to Yorkshire bank multiple times, and it turned out later on it was not really that simple.I would avoid encouraging people to risk it and waste their time, Quidco/TCB cashback is not guaranteed even when you really follow the rules, let alone when you ignore them on purpose.



Yorkshire Bank, now that was a great deal - their own T&Cs stated you could get £150 per current account switch; not per person. Some switched 20+ accounts (I didn't go that far). In fact, some telephone advisers would be well aware of this and allowed you to open 3 or 4 accounts with one phone call.

Clydesdale Bank had the same T&Cs so many people took advantage of that too.

Ultimately, a few months later, they changed the T&Cs so that it stated one switch incentive per person.
Edited by: "karlie88" 8th Jun 2015

karlie88

Yorkshire Bank, now that was a great deal - their own T&Cs stated you … Yorkshire Bank, now that was a great deal - their own T&Cs stated you could get £150 per current account switch; not per person. Some switched 20+ accounts (I didn't go that far). In fact, some telephone advisers would be well aware of this and allowed you to open 3 or 4 accounts with one phone call.Clydesdale Bank had the same T&Cs so many people took advantage of that too.Ultimately, a few months later, they changed the T&Cs so that it stated one switch incentives per person.


So did you get multiple £150 from Yorkshire?
Still, my initial point stands, shouldn't encourage people to ignore the Quidco rules.

This deal is for switching to Nationwide, not just opening an account. Thanks.
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