Nationwide Flex Account

[Simon Meadwell]

We pay much more into our account than the £13 requirement which covers the insurance cost. Due to changing circumstances the amount paid each month is stopping. Do you have to continue paying in £13 a month even if you have a healthy balance.

 

[daveandsan]

Yes, that’s what they charge per month for the account.

 

[Winger]

My understanding is your balance will suffice, so long as it’s there to be taken for payment. I certainly don’t pay in £13 pm

 

[daveandsan]

Yes, that’s what they charge per month for the account.

Sorry didn’t realise you had a healthy balance.

 

[Minxy]

We pay much more into our account than the £13 requirement which covers the insurance cost. Due to changing circumstances the amount paid each month is stopping. Do you have to continue paying in £13 a month even if you have a healthy balance.

It's not a requirement of what you have to pay into the account, it's a fee to pay for the 'perks' that come with it, so the £13 isn't your money.

If you still need the 'perks' then you'll need to keep paying it and it will just be taken from the balance each month, however if you don't need the perks then you can switch to another bank and get paid for doing so.

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[PJGWiltshire]

If you mean Flex Plus account so you have access to the various insurances including European breakdown for Motorhome.
If it is, you do not have to pay any amount into the account, its just £13 per month in the account so the benefits apply.

I only have a DD into the account of £13 so I have the breakdown cover. I do not leave any money in there whatsoever.

 

[Simon Meadwell]

Yes flex plus account. So i dont have to pay £13 a month if i have more money in the account?

 

[PaulC70]

Yes flex plus account. So i dont have to pay £13 a month if i have more money in the account?

you're not making sense.

As long as you have a flex plus account you have to pay £13 a month, simple. If you don't want to pay the £13 you have to close the account and lose with it the insurances etc.

 

[PJGWiltshire]

Yes flex plus account. So i dont have to pay £13 a month if i have more money in the account?

That is correct, your account will be debited £13 every month. So if there is more than £13 in it it will be taken. In my case there is nothing in the account so I have a DD from my main account to the Flex plus account and that money is then debited

 

[NRM]

aa

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[PaulC70]

Be aware that the terms of the breakdown insurance is changing and they will only cover vehicles up to 7metre long; not hte previous 8m long. Also the gross weight is being reduced to 3500kg.

no it's not and apparantly ummm no, it's not.

 

[BusyBuilder]

Surely if you opened the account, you must have had it explained what the account was ?

The cost and the benefits ?

 

[TizzyOnTour]

no it's not and apparantly ummm no, it's not.

I believe that is correct. Remains up to 8m and 7.5t.

 

[Simon Meadwell]

I have asked in branch but still unsure. What i am asking is :-
Do you have to pay £13 pounds per month into the account even if you have more than £13 pounds in the account .

 

[The Happy Hooker]

I have asked in branch but still unsure. What i am asking is :-
Do you have to pay £13 pounds per month into the account even if you have more than £13 pounds in the account .

No. As long as there are funds in the account to pay the £13 per month charge, it doesn't matter whether the charge comes from a healthy balance, or regular deposits.

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[mofurt]

FlexPlus | Packaged bank account | Nationwide

Open a FlexPlus current account, a packaged bank account with travel insurance, breakdown recovery and mobile phone cover.

www.nationwide.co.uk

You’ll need to pay £13 a month to maintain the account, even if you can’t use the insurances

There is a £13 a month charge for the account. That is taken from the balance.
If your balance exceeds £13 then there is no need to pay any more into the account; this account has no requirement to have a minimum amount per month paid in.

 

[Lagotto]

I have asked in branch but still unsure. What i am asking is :-
Do you have to pay £13 pounds per month into the account even if you have more than £13 pounds in the account .

This has been answered by previous members. To confirm, you have to pay £13 per month to keep the benefits which come with the account. This fee will be taken automatically from the balance each month. As long as there are sufficient funds in your account to cover this payment all is good. If there is not enough money in the account to cover the £13 charge you will in effect go overdrawn and be in trouble with the bank. You could pay the £13 from another account if you would prefer. The bottom line is that you HAVE TO PAY £13 PER MONTH, how you choose to do that is up to you. If you have a large amount of money in the account and do not pay any further money into the account, then month by month you will see the balance reduce by £13, the fee.

 

[sallylillian]

Out of interest which company underwrites the breakdown cover?

 

[Grianan]

Out of interest which company underwrites the breakdown cover?

AA (from March. Britannia until then).

 

[Simon Meadwell]

Thanks got it now my current balance will cover the monthly fee for a while .

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[sallylillian]

AA (from March. Britannia until then).

Thanks, good to know, I am considering a number of options and after my experience with RAC arrivals last year they couldn't pay me to join.