Nationwide is a building society rather than a bank and has
been in existence for more than 160 years. They originally came into being to
help working class people save their hard-earned money or borrow funds to build
their own home. The building society has merged with numerous other building
societies over the years, including the Anglia,
the Portman, Derbyshire and Cheshire Building Societies, and today they are the
largest mutual financial institution in the world.
The Nationwide current account has no monthly fee. Customers
can administer their Nationwide current account by visiting their local
Nationwide branch, speaking to the Nationwide telephone banking service, or
logging on to the Nationwide internet banking portal.
There are a number of benefits to be had by opening a
Nationwide current account. Account holders are eligible for free travel
insurance, plus they have access to lots of special deals on loans, mortgages
and savings accounts. Customers can apply for an overdraft on a Nationwide account;
interest is payable on any overdrawn balance. The first time an account slips
into an unauthorised overdraft, fees will be waived, but thereafter the
customer will be charged.
The Nationwide rewards scheme lets current account holders
enjoy special discounts on the high street or when shopping online. Many major
brands are represented in the Nationwide rewards scheme, so there are plenty of
bargains on offer. Customers can log into the Nationwide rewards website using
their Nationwide current account details. Rewards are claimed by following the
instructions and making payment using a Nationwide current account card.
Nationwide has a dedicated switching team to help new
customers move from an existing current account to Nationwide. Customers can
apply for a new Nationwide current account online. The application form is very
straightforward. The current account switching process is very easy and
payments to the old account will be redirected for as long as thirteen months
to limit the likelihood of important payments going astray.
uSwitch Limited is a credit broker, not a lender, for consumer credit
uSwitch services are provided at no cost to you, but we may receive a
commission from the companies we refer you to.