You've come to the right place if you're looking to expand your banking relationship with Nationwide! As an existing customer, opening another account is often a much smoother process than opening your very first one. Nationwide values its members, and they've made it quite convenient to add new current accounts or savings accounts to your portfolio.
So, are you ready to unlock more banking flexibility and potentially better rates? Let's dive into the step-by-step guide on how to make another Nationwide account!
Step 1: Discover Your Needs & Explore Account Options
Before you jump into applying, let's take a moment to consider why you want another Nationwide account. Are you looking for:
- A dedicated account for bills?
- A separate pot for savings goals?
- An account with different features, like cashback or travel insurance?
- A joint account with someone else?
Understanding your goal will help you choose the right type of account.
Sub-heading: Identifying Your Account Type
Nationwide offers a variety of current and savings accounts, each with its own benefits:
-
Current Accounts:
- FlexAccount: Their everyday current account, often with no monthly fee. A solid choice for general spending.
- FlexDirect: Offers in-credit interest and sometimes cashback for a limited period, often requiring a minimum monthly deposit. Great for those who keep a positive balance.
- FlexPlus: A packaged account that comes with benefits like worldwide family travel insurance, mobile phone insurance, and UK and European breakdown cover, for a monthly fee. Ideal for those who'll utilize these benefits.
- FlexStudent/FlexGraduate: Designed specifically for students and recent graduates with tailored benefits like interest-free overdrafts.
- FlexBasic: A basic bank account for those who may not qualify for other accounts.
-
Savings Accounts:
- Flex Regular Saver: Exclusively for Nationwide current account members, offering a competitive interest rate for regular saving with limited withdrawals.
- Instant Access Saver: Provides flexibility with unlimited withdrawals, though rates might be lower than limited-access accounts.
- Limited Access Savings Accounts: Offer higher interest rates in exchange for limiting the number of withdrawals you can make.
- Fixed Rate Savings Accounts: You deposit a lump sum for a set period at a fixed interest rate. Great for long-term savings where you won't need to touch the money.
- Cash ISAs: Tax-efficient savings accounts.
Action Point: Spend some time on the Nationwide website (nationwide.co.uk) to compare the features, eligibility criteria, and any associated fees for each account type. Make sure the account you choose aligns with your financial objectives.
QuickTip: A short pause boosts comprehension.
 |
| How To Make Another Nationwide Account |
Step 2: Preparing for Your Application
Even as an existing customer, having your information handy will make the application process quick and seamless.
Sub-heading: What Information You'll Likely Need
Gather the following details to ensure a smooth application:
- Your existing Nationwide account details: This could be your sort code and account number, or your internet banking login details.
- Personal details: Your full name, current address, date of birth, and contact information (phone number, email address).
- Employment details: Your occupation and employer's name.
- Income details: Your annual income, and details of any regular payments into the account (if applicable, especially for current accounts with minimum funding requirements).
- Proof of Identity and Address (Potentially): While Nationwide often can verify existing customers electronically, be prepared to provide documents if requested. This might include:
- Proof of ID: Valid UK passport, full UK driving licence.
- Proof of Address: Utility bill (less than 3 months old), council tax bill, bank statement from another provider.
- Don't worry if they don't ask for these initially, but it's always good to have them readily available just in case.
Step 3: Choosing Your Application Method
Nationwide offers several convenient ways for existing customers to open new accounts.
Sub-heading: Online Application via Internet Bank or Banking App (Recommended!)
This is typically the easiest and fastest method for existing customers.
- Log In: Go to the Nationwide website and log in to your Internet Bank account, or open your Nationwide Banking App on your smartphone or tablet.
- Navigate to Products/Applications: Once logged in, look for a section like "Products & Applications," "Open New Account," or "Current Accounts/Savings" (the exact wording may vary slightly).
- Select Your Account: Choose the type of current or savings account you wish to open from the available options.
- Complete the Application Form: The form will likely be pre-filled with much of your existing information. You'll need to review and confirm these details and provide any additional information requested.
- Review and Submit: Carefully review all the information you've provided before submitting your application.
- Confirmation: You should receive instant or near-instant confirmation of your application's status. In some cases, you might receive a message that further verification is needed.
Sub-heading: Applying in a Branch
If you prefer a face-to-face interaction or need assistance, visiting a Nationwide branch is a good option.
QuickTip: Read in order — context builds meaning.
- Find Your Nearest Branch: Use the branch finder on the Nationwide website to locate your closest branch.
- Gather Documents: Even if you're an existing customer, it's wise to take your proof of ID and address, along with your existing Nationwide account details.
- Speak to an Advisor: A Nationwide advisor will guide you through the application process, answer any questions you have, and help you complete the necessary forms.
- Verification: They will verify your identity and address on the spot, potentially reducing the need for further checks later.
Sub-heading: Applying Over the Phone
For certain account types or if you prefer speaking to someone, applying over the phone might be an option.
- Find the Right Number: Locate the relevant phone number for new account applications or existing customer services on the Nationwide website.
- Have Your Details Ready: Be prepared to provide all the necessary personal and financial information as you would for an online application.
- Follow Instructions: The advisor will guide you through the application questions and ensure all required information is captured.
Step 4: What Happens After You Apply?
The waiting game is often the hardest part, but for existing Nationwide customers, it's usually very quick!
 |
Sub-heading: Application Review and Approval
- Online/App Applications: Many online applications for existing customers are approved instantly. You might receive an email confirmation shortly after submission.
- Branch Applications: Approval is often granted during your visit to the branch.
- Phone Applications: Approval can also be immediate or within a short timeframe.
Sub-heading: Receiving Your Account Details and Cards
- Once approved, Nationwide will typically send you your new account details via post, including your new debit card (if it's a current account) and any associated PINs. These usually arrive within a few working days.
- For savings accounts, you'll receive confirmation of your account number and how to manage it.
- You may also see your new account appear in your Internet Bank and Banking App almost immediately.
Sub-heading: Funding Your New Account
- Current Accounts: If you've opened a current account, you might need to transfer funds into it, especially if it has a minimum deposit requirement or if you plan to switch direct debits. You can easily do this via online banking or the app.
- Savings Accounts: You'll typically need to make an initial deposit to activate the savings account within a certain timeframe (e.g., 28 days for some accounts). This can often be done via transfer from your existing Nationwide account or another bank.
Step 5: Managing Your New Account
Now that you have your new Nationwide account, it's time to put it to good use!
Sub-heading: Leveraging Online Banking and the Mobile App
- Seamless Integration: Your new account will automatically appear in your existing Nationwide Internet Bank and Banking App, making it easy to manage alongside your other accounts.
- Transfer Funds: Move money between your Nationwide accounts with ease.
- View Statements: Access digital statements for all your accounts.
- Set Up Payments: Set up Direct Debits and Standing Orders from your new current account.
- Track Spending: Utilize the app's features to monitor your spending.
Sub-heading: Utilising Your New Account's Features
- For Current Accounts: Start using your new debit card for purchases, set up your direct debits to simplify bill management, and explore any cashback or interest benefits.
- For Savings Accounts: Set up regular transfers to build your savings, monitor your interest earnings, and enjoy the peace of mind of having a dedicated savings pot.
Troubleshooting and Important Considerations
- Identity Verification Issues: If Nationwide can't verify your identity or address online, don't panic. They will usually advise you to visit a branch with your identification documents.
- Account Limits: Nationwide generally allows existing customers to hold up to four sole or joint current accounts. If you're looking to open more, it's best to contact them directly.
- Switching Service: If you're opening a new current account with Nationwide to replace an existing one from another bank, consider using the Current Account Switch Service. This free service ensures a seamless transfer of all your incoming and outgoing payments.
- Terms and Conditions: Always read the full terms and conditions for any new account you open. This will ensure you understand all the features, fees, and obligations.
Opening another Nationwide account as an existing customer is designed to be straightforward. By following these steps, you'll be able to expand your banking options and take full advantage of Nationwide's offerings.
Frequently Asked Questions (FAQs)
Here are 10 related FAQs to help you further:
QuickTip: Focus on one paragraph at a time.
How to check my eligibility for another Nationwide account?
You can check the specific eligibility criteria for each Nationwide account type on their official website under the "Current Accounts" or "Savings" sections. Generally, for current accounts, you need to be 18 or over and a UK resident. For savings accounts, it's typically 16 or over and a UK resident.
How to apply for a joint account with Nationwide as an existing customer?
You can apply for a new joint account online, through the app, or in a branch. If you're looking to add someone to an existing sole account, you'll usually need to call Nationwide or visit a branch with both account holders present.
How to transfer money to my new Nationwide account?
You can easily transfer money to your new Nationwide account using their Internet Bank or Banking App. Simply log in, select the option to transfer funds, choose your existing Nationwide account as the source and your new account as the destination.
How to find my new Nationwide account number and sort code?
Your new account number and sort code will be sent to you via post, usually with your debit card (if applicable). You can also find these details by logging into your Nationwide Internet Bank or Banking App once the account is active.
How to activate my new Nationwide debit card?
Instructions on how to activate your new debit card will be included with the card when it arrives in the post. This often involves making a payment at a shop using your PIN or making a balance enquiry at a Nationwide ATM.
QuickTip: Reread tricky spots right away.
How to set up Direct Debits on my new Nationwide current account?
You can set up Direct Debits by providing your new Nationwide account number and sort code to the organisation you want to pay. Alternatively, if you're switching from another bank using the Current Account Switch Service, your Direct Debits will be automatically moved over.
How to close my old bank account after opening a new Nationwide one?
If you've used the Current Account Switch Service, your old account will be automatically closed for you. If you haven't, you'll need to contact your previous bank directly to arrange for the closure of your old account once all your payments have been moved across.
How to get help if my online application for another Nationwide account is declined?
If your online application is declined, Nationwide will usually provide a reason or advise you to contact them directly. It's best to call their customer service or visit a branch to understand why the application was unsuccessful and what your options are.
How to switch an existing current account from another bank to my new Nationwide account?
You can switch an existing current account to your new Nationwide account using the Current Account Switch Service. This is a free, guaranteed service that transfers all your incoming and outgoing payments and closes your old account within 7 working days. You can usually initiate this within the Nationwide online application process.
How to manage multiple Nationwide accounts effectively?
Use the Nationwide Internet Bank and Banking App to your advantage. You can see all your accounts in one place, easily transfer funds between them, set up different saving goals, and track your spending from various accounts to manage your finances effectively.
 |
