Nationwide making £50 change for most customers from November

manchestereveningnews.co.uk:

Nationwide Building Society is introducing a £50 interest-free buffer in November, removing charges for people who dip into their overdraft by only a small amount.

The buffer will apply, subject to eligibility, to overdrafts on the society’s three main current accounts – FlexPlus, FlexDirect and the FlexAccount – and the exact launch date in November will be confirmed nearer the time.

Nationwide has also launched a new offer of £175 to switch to its current account from Wednesday, for people switching through the Current Account Switch Service (Cass), subject to terms and conditions.

The switching offer applies to the FlexDirect, FlexPlus and FlexAccount accounts. The FlexDirect account gives 5% credit interest on balances up to £1,500 for the first 12 months and has also been offering an interest-free overdraft for the first 12 months.