In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees
    • Overdraft information
  • Frequently asked questions
  • Your reviews
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Nationwide FlexAccount current account review

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Finder score
Account fee
Interest (AER)
0% AER
Overseas card transactions
Representative example
If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.

Our verdict

Looking for a new bank account? Find out whether the Nationwide FlexAccount could work for you.

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Nationwide's FlexAccount is a hassle-free everyday bank account with no monthly fee. If that's what you're after, then this account is certainly worth a look, particularly as you'll also get access to exclusive savings products.

However, if you're looking for something a little more innovative or you're after an account that also offers rewards, this won't be the account for you and you'll need to look elsewhere.


  • No monthly fee
  • Arranged overdraft available
  • Access to exclusive products such as linked savings account
  • Easy to apply for
  • FSCS protection


  • Interest charged on overdrafts
  • No interest paid on balances
  • Limited account features
  • Withdrawal limit on linked savings account

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees
    • Overdraft information
  • Frequently asked questions
  • Your reviews


Product overview

Account name FlexAccount
tag iconEligible for Member Credit Card.
Provider Nationwide BS
Account fee £0
ATM withdrawal limit £500
Debit network Visa
Card type Debit
Minimum eligibility age 18 Years
Minimum operating balance £0
Minimum opening balance £1
Direct debits
Current account switch guarantee
Cheque Book


Foreign cash currency fee in Europe 2.99%
Foreign cash currency fee in rest of world 2.99%
Foreign cash transaction fee in Europe £0
Foreign cash transaction fee in rest of world £0

Overdraft information

Arranged overdraft available
Arranged overdraft rate 39.9%
Overdraft Grace Period 14:30 same day
Representative example If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.

What is the Nationwide FlexAccount current account?

The Nationwide FlexAccount is an everyday bank account with no monthly fee. You can pay in money and access your funds at any time, and you can opt to have an arranged overdraft on the account if you wish.

The account can be opened on an individual or joint basis and can be managed online, via the app, over the phone or in branch.

How does it work?

The Nationwide FlexAccount offers the following key features:

  • No monthly fee. There’s no fee charged for maintaining the account.
  • Optional savings account. When you apply for your current account online, a savings account can be opened for you at the same time.
  • Exclusive access to other products. You’ll also get access to exclusive savings accounts such as the Flex Regular Saver which pays 2.50% AER for 12 months. You’ll need to pay in up to £200 each month.
  • Arranged overdraft. You can apply for an arranged overdraft at any time. Interest is charged at 39.9% EAR.
  • Text alerts. Set your text alert preferences to help you manage your money.
  • Optional cheque book. You can request a cheque book if you need one.

Who is it for?

The Nationwide FlexAccount could be suitable for anyone requiring an everyday bank account that won’t charge a maintenance fee.

To qualify, you must be aged 18 or over and a UK resident and you must hold no more than 4 existing sole or joint Nationwide current accounts.

What are the benefits?

The main benefit of the Nationwide FlexAccount is that there’s no monthly maintenance fee to pay. It could also help you to get into the savings habit as Nationwide can open a savings account for you at the same time as your current account, and you’ll get exclusive access to some accounts.

Case study: Adam switched to Nationwide for its Flex Regular Saver account

Adam Flynn profile pic
Adam Flynn

Works as video producer at Finder

I switched to this account primarily to get access to the Flex Regular Saver account, alongside the nice £200 switching offer. I had no reason to doubt Nationwide wouldn't be a great bank. Having used first direct for the past couple of years I expected very similar service, and so far it has lived up to those expectations. I use this as my primary account to pay direct debits and other monthly living expenses. I don't use it for everyday spending.

If there's one thing you'd tell a friend who's thinking of getting this, what would it be?
I would tell them about the great savings account.

How to apply

If you’re already a Nationwide customer, the fastest way to apply for the FlexAccount is to log in to Internet banking. If not, you can apply for the account online or over the phone.

To open your account, you’ll need:

  • Your address history for the past 3 years
  • Your employer’s address (if you’re employed)
  • A valid UK passport or driving licence

If you don’t have a passport or driving licence you may need to go into a branch with your ID.

Is it safe?

Yes, Nationwide is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. This means eligible deposits will be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person (up to £170,000 for joint accounts).

Banking scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

To find out more, read our full methodology.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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