Nationwide FlexStudent - Nationwide Building Society

Nationwide FlexStudent

Nationwide Building Society
1 % AER
Headline Interest Rate
  • Overdraft facility
  • Customer rating: 4.66 (out of 5)
  • No monthly charge
  • Minimum Monthly Credit: £ 0
    • Open by:
Guaranteed £1,000 overdraft if accepted
Pays 1% on balances up to £1,000
Only available to students

This account may be appropriate for you if

  • Your balance will not exceed £ 2,000,000
  • You are older than 18

Switching bonus

Member of Current Account Switching Service: No

Credit Interest

Annual Interest Paid By Balance:
BalanceAnnual Interest Paid
£ 5001 %
£ 1,0001 %
£ 5,0000 %
£ 10,0000 %
£ 25,0000 %
Headline Interest Rate: 1 % AER
Paid on Balances Over: £ 1 and up to £ 1,000
Monthly Reward: £ 0
Interest Paid: monthly
Includes Initial Bonus: No

Overdrafts

Cost of Authorised Overdraft:
ScenarioCost
£ 250 overdrawn by 5 days
£ 500 overdrawn by 10 days
£ 1,000 overdrawn by 30 days
Overdraft Available: Yes
Authorised Overdraft Rate: 0 % (equivalent to 0 % per month)
Unauthorised Overdraft Rate (APR/EAR): Unauthorised drafts not permitted
Interest Free Overdraft: First is interest free
Overdraft Fees Apply From: £ 0 overdrawn
Overdraft Arrangement Fee: (min. )

Payment options

ATM Card
Cheque Book
Passbook
Debit CardVisa
Standing Order
Direct Debits

Access and usage

Banking by
Bank
Post
Phone
Internet
Maximum ATM Withdrawal: £ 500

Perks

Preferential rates on
Prepaid card
Home emergency cover
Extended warranty cover
Airport lounge access
Preferential travellers money rates
Preferential travellers cheque rates
Free life insurance
Free home insurance
Free car insurance
Breakdown cover
Voucher and discount deals
Entertainment deals
Mobile phone cover

Charges

Charges for Unpaid Items: None
Charges for Paid Items: None
Maximum Charges for Unpaid Items: per
Maximum Charges for Paid Items (Over Credit Limit): per

Cost Abroad

ATM Charge Europe: £ 1 when withdrawing the equivalent of £ 100
ATM Charge World: £ 1 when withdrawing the equivalent of £ 100
Debit Card Charge Europe: No exchange rate fees
Debit Card Charge World: No exchange rate fees

Additional Charges

Charge for Replacement Statement: £ 0
ATM Withdrawal Charge: £ 0
Bankers Draft Charge: £ 0
Fee for Overdraft Notification: £ 0
Special Clearance Charge: £ 0
Charge For Cheque Receipts: £ 0
Bankers Reference Charge: £ 0
CHAPS Charge: £ 0

Moneywise Best Buys

Current Accounts

ProductAER
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Santander 123 Current Account - Santander1.5%
Tesco Bank Current Account - Tesco Bank3%
TSB Classic Plus - TSB3%

Customer ratings

About the bank

  • Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
  • Banking Licence Held By: Nationwide BS