Current Accounts - Nationwide Building Society

1 Current AccountsImportant information1 This leaflet has been designed to give you the information you need when opening a Current account with Nationwide . It is important that you read this information before you open your account and keep a copy for your information page 2 Credit scoring page 2If you have a disability page 2If you re applying for a joint account page 2 Cancelling a payment that you ve set up using your card number page 2If you re applying for a FlexPlus account page 3If you re applying for a FlexAccount page 4If you re applying for a FlexDirect account page 5 Declaration page 6 (including how we use your information)Charitable Assignment page 8 Setting up payments to and from your account page 9 Terms and conditions page 10 FlexDirect conditions page 18 FlexPlus conditions page 182 General informationCredit scoring.

2 If we carry out a search about you at a credit reference agency, the agency will record details of this search and make its existence known to other organisations to which you may apply for credit. You should be aware, however, that the presence of several credit searches on your record with a credit reference agency may affect your ability to obtain credit elsewhere for a short period of you have a disability:Please see if you would like to know more about how we can help you get the most from Nationwide products and you re applying for a joint account :Please remember that while many couples find joint Accounts useful and convenient, there are some things you need to be aware of: all funds in the account belong jointly to the account holders so each of you is entitled to withdraw all of the money in the account , even if your relationship breaks down (including divorce and separation)

3 - this means that any one of you may withdraw all the money in the account unless you tell us to freeze or stop the account to prevent this from happening if a joint account holder dies, the other account holder is entitled to all of the money in the account and the account will stay open in their name unless the law says differently, we will not be concerned about how you divide the money in the account if you open a joint account , all the holders are our members - however, only the first named account holder has the right to vote on Nationwide matters if you have an account in joint names you will have joint and several liabilities for the account - this means that if the account is not managed properly, we can pursue both or either of the joint account holders for any outstanding a payment that you ve set up using your card number:You can contact us to cancel a payment that you have set up using your debit card (such as a magazine subscription or breakdown cover).

4 You can do this at any time before the end of the working day before the payment is due to be made. We recommend that you also inform the organisation you are paying that you have cancelled the you re applying for a FlexPlus account You must be 18 or over. Whether we open a FlexPlus account and provide a cheque book, Visa debit card or overdraft depends on our assessment of your finances. You can ask us for written quotations for credit month fee-free overdraft offer1) This offer is for a three month daily usage fee-free overdraft and will depend on our normal lending conditions. 2) It is only available if you are 18 or over and opening a Nationwide FlexPlus Current ) The daily usage fee-free overdraft period is for three months starting on the date you open a Current account with ) After the three month daily usage fee-free period our standard overdraft usage fees will apply.

5 5) You may have to pay fees if you go over your arranged overdraft limit. See or our leaflet Current account interest rates and charges for more ) Nationwide reserves the right to withdraw this offer at any time. This will not affect customers who are already benefiting from the offer at this time. 7 ) Any daily usage fees or charges you pay as a result of a failure in the switching process will be refunded to Representative Example:If you use an arranged overdraft of 1,200 the amount we will charge you is 50p per day (variable).4If you re applying for a FlexAccount You must be 18 or over. Whether we open a FlexAccount and provide a Visa debit card or cheque book depends on our assessment of your finances. You can ask us for written quotations for credit month interest-free overdraft offerWhen you open a FlexAccount and switch your existing Current account to us, we may be able to offer you a three month interest-free ) This offer is for a three month interest-free overdraft and will depend on our normal lending conditions.

6 It is only available if you are 18 or over and are switching an existing Current account at the time of opening a Nationwide Current ) Switching an existing Current account is when you ask us to arrange to switch your Direct Debits and standing orders from an account with another bank or Building Society to a Nationwide Current account using our Current account Switch ) The interest-free overdraft period is for three months starting on the date you open a Current account with ) If you switch your Direct Debits or standing orders yourself or do not have any Direct Debits or standing orders to transfer to your new Nationwide Current account , you will not qualify for this ) After the three month interest-free period our standard overdraft interest rate will apply to all overdrafts.

7 You may have to pay fees if you go over your arranged overdraft limit. See or our leaflet Current account interest rates and charges for more ) Any daily usage fees or charges you pay as a result of a failure in the switching process will be refunded to Representative Example:If you use an arranged overdraft of 1,200 the interest rate we will charge you is EAR (variable).EAR is the Equivalent Annual Rate which you can use to compare rates offered by different providers. It is the cost of an overdraft stated as a yearly rate, taking into account the compounding rate of you re applying for a FlexDirect account You must be 18 or over. Whether we open a FlexDirect account and provide a cheque book, Visa debit card or overdraft depends on our assessment of your finances.

8 You can ask us for written quotations for credit month fee-free overdraft offer1) This offer is for a 12 month daily usage fee-free overdraft and will depend on our normal lending conditions. 2) It is only available if you are 18 or over and opening a Nationwide FlexDirect Current ) The daily usage fee-free overdraft period is for 12 months starting on the date you open a Current account with ) After the 12 month daily usage fee-free period our standard overdraft usage fees will apply. 5) You may have to pay fees if you go over your arranged overdraft limit. See or our leaflet Current account interest rates and charges for more ) Nationwide reserves the right to withdraw this offer at any time. This will not affect customers who are already benefiting from the offer at this time.

9 7 ) Any daily usage fees or charges you pay as a result of a failure in the switching process will be refunded to Representative Example:If you use an arranged overdraft of 1,200 the amount we will charge you is 50p per day (variable).FlexDirect6 Current account declarationIn this declaration section of this leaflet, Nationwide means: Nationwide Building Society ; and its subsidiary companies, and any limited liability partnership of which it is a member, which include Nationwide Covered Bonds LLP, The Mortgage Works (UK) plc, E-Mex Home Funding Ltd, Cheshire Covered Bonds LLP, Derbyshire Home Loans Ltd, Nationwide Independent Financial Services Ltd; andI (each of us if more than one is applying) agree that:(a) The information that I have given you on the application form is complete and true, and I have not withheld any material facts; you can rely on it in deciding whether to open the account ; I understand that you can decide to decline my application.

10 (b) As well as the account conditions, Nationwide s rules apply to this account and I can obtain a copy of these in any of your branches;(c) The money I am investing in this account (which I will not use for business purposes) is my own;(d) For joint Accounts :(i) you can pay cheques and act on instructions signed by either of us unless you are told otherwise;(ii) for the purpose of (2) of the Consumer Credit Act 1974, if you give us an overdraft you are not required to provide more than one statement. If we want individual statements we will tell you;(e) Nationwide has not provided any advice or recommendation regarding any free insurance provided with this account ; Use of my informationThis is a summary of how Nationwide uses your personal information, if you d like a more detailed explanation, please see Nationwide s full privacy statement How Nationwide uses your information , available in branch or online at 1.