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I am thinking of opening an account with the Nationwide, to take advantage of the(no fees for using your card abroad)

Has anyone got 1 of these accounts?

It mentions in the text about the account, that you dont get a debit card straight away. How long does it taqke befor you get a debit card.

Any info, much appreciated.

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Posted: 2008-05-28 12:39:05
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Hi there.

I've been with Nationwide for almost 20 years now. Had a Flex account for maybe 15 years.
I have to say they are very good.
I used to have have debit card a while ago, but was downgraded to a cash card because of my circumstances.
I think if you have a average credit score you shouldn't have any problems getting a debit card.
They are a little stricter than the other high street banks, but still good customer services and as you said, the no fees for withdrawing money abroad is quite good.
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Posted: 2008-05-28 13:45:24
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aren't these "no fees" usually offset by crummy exchange rates though?

its certainly how the tourist exchange places work that offer "no commission"

and I'm a bit puzzled. I do have a Lloyds debit card and assumed everyone over 16 could have them, certainly my kids both got one as soon as they turned 16. Am i wrong in believing debit cards are no credit risk as you cannot pay for anything more than the funds available in your account? If thats not the case and you can go overdrawn with a debit card I'd better check on my kids!
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Posted: 2008-05-28 13:49:42
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I thought that you got a better rate by drawing money direct from the bank, so this gets rid of the crappy exchange rate?



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Posted: 2008-05-28 14:13:03
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if you are abroad paying in euros or dollars or whatever, and you're account is in sterling, then somewhere down the line there has to be a conversion applied
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Posted: 2008-05-28 14:19:30
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I thought if you used a bank to withdraw, you got a better exchange rate?

If I was to just use the account for say holidays, would the bank be best pleased, or would I have to make regular transactions.
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Posted: 2008-05-28 14:37:08
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You can go overdrawn with a debit card even if the facility isn't there, i remember it happened to me when i was around 17. I went overdrawn by like a £1 and they let me off, most banks give you around a £10 wave if you just go over and you don't have an overdraft facility on your account, that was with Lloyds too.
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Posted: 2008-05-28 15:50:27
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It goes by bank's currency rate applied for the time you are changing, so no charge for that. They charge for withdrawing, about 3-5 Euros.


@pmerryman, best way to be sure is to compare Nationwide's exchange rate with some other banks to be sure. If you are traveling a lot, it is a great way to save some money if that is true.
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Posted: 2008-05-29 08:08:33
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I just want to use the account for holidays really and nothing else, but I was wondering how they would be with me, for making say only 1 trasaction a year.
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Posted: 2008-05-29 11:44:57
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i managed to go overdrawn by £200 on a debit card once, duno how/why it let me was odd. Maybe as it normally had a lot of cash in it !


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Posted: 2008-05-29 11:49:31
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