I've just opened a Nationwide Flex account and will get the child benefit and tax credits paid into it (when I remember!), so £100 per month in holiday fund straightaway
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I thought I would get this thread going again to see if these accounts are still worth having. We are going away in 9 weeks, will I have enough time to get one up and running?? Thanks
We have used nationwide and have a nationwide account, but I thought that nationwide had changed their free foreign withdrawals so that they were in line with other banks/building societies.
Simon Calder was on Radio 4 today. He still recommends it because there is still no charge in the eurozone, and their exchange rate is the normal Visa rate, ie as good as it gets.
Alan
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You can get the N/W credit card without opening an account with them, I think. But its worth opening their current account because their debit card is the cheapest means of drawing cash from European ATMs
There are a few other credit cards that dont charge the 2.75% loading for European use. Post Office & SAGA cards for example.
After my topic regarding budgeting for the Swiss Franc, I began thinking about about getting a Nationwide A/c specifically to use as and holiday a/c. Deposit a small amount each month then just before going on holiday top up with enough funds to cover all the holiday expenditure. As my current bank, the Yorkshire Bank are charging 3.50% on every foreign transaction, I'm definately on a winner. So I've filled in the on-line application and await the Nationwide getting in tough this week.
That's what we've been doing for the last couple of years. If I was a bit more organised I'd pay the monthly amount into a savings account and only pay it into my flex account before we go. But hey! No one's perfect.
I won't be moving my current account there. Last time I moved a current account I almost had a nervous breakdown ... even though they had a system to do it all automatically for me (not Nationwide, I hasten to add!)
Liz
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Does anyone know what the changes mean if you use your card in the USA please? We use ours for camping holidays in Europe and visiting family in the US. Have always had excellent rates in both places with Nationwide.
Thanks, I must say, the NW card always has such a brilliant exchange rate that I suspect it will still be better than other cards, even with the 1 percent charge.