nationwide money problem

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Bulgarianlily

Joined: 01 Jun 2008
Posts: 1667
Location: South West Mountains of Bulgaria

Posted: Sat Jul 31, 10 6:28 am Post subject: nationwide money problem
If you are downsizing abroad and rely as many do on the Nationwide for your cash, given the up to now free conversion rates, bewarned this will stop in November. https://www.guardian.co.uk/money/2010/jul/31/nationwide-flexaccount-charge-withdrawals

Vanessa

Joined: 08 May 2006
Posts: 8324

Posted: Sat Jul 31, 10 5:18 pm Post subject:
Thanks for flagging this up!

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28248
Location: escaped from Swindon

Posted: Sat Jul 31, 10 6:49 pm Post subject:
bummer, I remember this from years ago, working out that just taking money out of a Flexaccount abroad was rather cheaper than all the other Foreign currency options I recall trying to get this confirmed by Nationwide who were rather reluctant to admit it really. They would much rather have told travellers cheques.

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Sat Jul 31, 10 7:06 pm Post subject:
That's a real bummer Don't think anyone else does it now do they?

Bulgarianlily

Joined: 01 Jun 2008
Posts: 1667
Location: South West Mountains of Bulgaria

Posted: Sat Jul 31, 10 7:36 pm Post subject:
No, they were the only ones. I am told that around one million UK pensioners, now living abroad, use flex accounts for their banking, that is a lot of customers to piss off!

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Sat Jul 31, 10 7:41 pm Post subject:

Bulgarianlily wrote:

No, they were the only ones. I am told that around one million UK pensioners, now living abroad, use flex accounts for their banking, that is a lot of customers to piss off!

On the other hand, that's 1 million customers some other bank could snap up if they had any sense.

troyannick

Joined: 24 Dec 2011
Posts: 605

Posted: Sun Jan 29, 12 9:48 am Post subject:
Lil dont know here you bank, Im in the DSK Bank and have two accounts one in lev and one in sterling which is great to swap money when the rates are good then draw from whichevers best at the time.........thats when I have any money. Think BG are in a good position re the euro crisis dont think they should join the euro, I love levs.

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