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Disaster I have been refused a Nationwide account. Help!!!

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21. Posted by monkeycat (Full Member 109 posts) 7y

The cashcard does work abroad for sure and there are no transaction fees.

The applications are NOT processed in the branch but at head office, so just go in ask for a cashcard application and then send it off with the pre-addressed envelope provided.

Nationwide have a pretty strict policy for giving out debit cards. What with the present climate of everyone being in debt up to their eyeballs we should thank banks that don't encourage you to get into debt which debit cards do to a degree.

Once you have a history with them you may (I have been told) apply for a debit card again if you so wish.

The bank account you get is just the same, but the card is different.

Good luck.

22. Posted by Gartt (Full Member 31 posts) 7y

I had the same problem trying to open a flexaccount, I was denied with no good reason. Credit ratings are a pain, ive never been in debt or had any credit cards, i must be too low risk...

Now im stuck wth a £1.50 withdrawal fee and a 2.75% conversion charge with the Halifax.

23. Posted by wanderitch (Budding Member 81 posts) 7y

[quote=monkeycat]
Nationwide have a pretty strict policy for giving out debit cards. What with the present climate of everyone being in debt up to their eyeballs we should thank banks that don't encourage you to get into debt which debit cards do to a degree.
quote]

Are you not thinking of credit cards? With a debit card you are withdrawing your own money. One of the many reasons that the banks have got themselves into their sorry state is that they don't know how to distinguish between low risk and high risk.
I walk in as a graduate with a good degree and a good job wanting to deposit money to go travelling(didn't want any credit), never having missed a payment or defaulted on a loan and I am refused. Yet Mercedes aged 18 walks in with 17 kids (for example) and because she has 5 credit cards and has kitted her house out on them she wouldn't have a problem. That is a ridiculous state of affairs!

Gartt - I feel your pain, good luck with your application. Have you considered the Abbey Zero credit card? Its the other option but make sure you get a direct debit set-up to pay the full amount.

[ Edit: Edited on 12-Feb-2009, at 01:57 by wanderitch ]

24. Posted by purplefish (Budding Member 4 posts) 7y

I was refused a debit card by nationwide for no good reason, however they will let me have a cash card account (which I believe they'll give to anyone) which can still be used for free withdrawals abroad.

Does anyone know how long it should take? I'm a bit worried cos I leave in 3 weeks and my card still hasn't arrived!

25. Posted by wanderitch (Budding Member 81 posts) 7y

Yeah I sent an application form off but my cash card wont arrive until after I leave, luckily I sorted something else out.

The phone number for the swindon sorting centre is 08456 027768. They might be able to advise you.

26. Posted by nics26 (Budding Member 55 posts) 7y

I too have been refused a Nationwide acc ... and I have debts lol ... gonna go in a speak to them tomorrow myself just to see what they say, I dont have any money to deposit yet though! Think i'll get my mum to open an acc for me lol ...

Hope you got things sorted and your having an amazing time on your travels x

27. Posted by monkeycat (Full Member 109 posts) 7y

@wanderitch:

No I don't mean Credit cards, I meant Debit cards.
All banks do a credit score when you open a bank account. However, Nationwide require a much bigger score than other banks.

If you have no credit history, and have never been in debt, you will have a low score as you cannot show that you have an ability to repay, which I understand is not your case, but Nationwide also want to see a history with them as well as with an credit reference agency.

I got my cash card from them. It took about two weeks for it to come through. You can get cash out free abroad with it and in 6 months or so I will be able to apply again or they will offer a debit card.

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