Nationwide has made a major change to a number of its current accounts
Nationwide has issued a new £50 alert to its millions of customers, in a major shakeup of its overdraft rules for certain accounts. Emails sent to members of the world's largest building society on Thursday, November 21, explain how people could now be better off in one specific circumstance. Previously, those with a FlexPlus, FlexDirect or FlexAccount account would incur charges as soon as they entered their overdrafts.
The emails from Nationwide state: 'To make things a little easier for people, we have made the first £50 of arranged overdrafts interest-free for FlexPlus, FlexDirect or FlexAccount account holders. So, if you need to dip into your arranged overdraft in future, this extra little buffer will be there for you. 'This change has already happened, so you don’t need to do anything.' Once this £50 limit is reached, though, the charges come back into play.
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