The Nationwide packaged account consists of added insurance coverage for a month-to-month price
Nationwide FlexPlus is a packaged bank account, so it’s a paid different to the Nationwide Flex Account, costing £18 per thirty days. I received’t go into any element on the nitty gritty of the checking account. I’ve as an alternative centered on the extra points of the account you’re paying for, together with the journey insurance coverage, cell phone cowl and breakdown cowl.
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What do you get with Nationwide FlexPlus?
Listed here are some particulars of the advantages of the Nationwide FlexPlus account. In some instances, we’ve added an “estimated worth”. For these, we’ve regarded broadly at how a lot related cowl would value for a household of 4 utilizing a comparability web site, however the precise figures will rely on the make-up of your loved ones and what cowl you need.
Worldwide household journey insurance coverage
- Offered by: Aviva
- Estimated worth: £130
- That is based mostly on quotes we discovered for a household of 4 getting a worldwide multi-trip annual insurance coverage coverage
The worldwide journey insurance coverage supplied with the Nationwide Flex account is fairly first rate — it’s obtained cowl for winter sports activities and also you’re coated for journey disruptions. So in case your journey is cancelled, you miss your departure, you’re delayed or you must make different preparations then you definately’re coated.
It’s also possible to improve the insurance coverage if you happen to want it. This may embrace cowl for pre-existing situations, longer journey cowl (you’re coated as much as 31 days overseas), prolonged cruise cowl or selecting to go residence early.
The duvet is in your total household whether or not you’re travelling alone or collectively, together with youngsters as much as 23 years previous so long as they stay at your deal with (being away at college is okay) and aren’t married. To check, the Virgin Cash Membership M account solely covers as much as 4 dependants they usually have to be underneath the age of 18, so this one can get you household cowl once they’re slightly older.
Cowl for pre-existing situations
When you’ve got pre-existing situations then Aviva may cowl them at no further cost. You could have to pay a price to incorporate some situations.
Household cell phone insurance coverage
- Offered by: Assurant
- Estimated worth: £140
- That is based mostly on quotes we discovered for 4 of the most recent cellphones, assuming they have been purchased within the final yr for broadly the identical cowl as beneath.
You additionally get insurance coverage in your cellphone, your associate’s cellphone, and any dependent youngsters’s telephones. You’ll be coated for loss, theft, harm and any faults.
The duvet is worldwide, it additionally covers equipment that have been misplaced or broken similtaneously your cellphone, and it consists of high-value telephones so you possibly can stand up to £2,000 again per declare.
Your youngsters’s telephones are coated if they’re underneath 19 (or 22 in full-time training) and aren’t married.
UK and European breakdown cowl
- Offered by: the AA
- Estimated worth: £110
- That is based mostly on quotes we discovered for private breakdown cowl for one particular person for a yr with the AA.
You additionally get UK and European breakdown cowl. This covers any car you’re travelling in and any that you just personal, even when another person is driving it. This implies it might cowl your associate if you happen to owned the automotive.
Your associate wouldn’t be coated as a passenger or when driving another person’s automotive, together with rent vehicles. You may get round this one by getting Nationwide FlexPlus as a joint account. It doesn’t value something further.
Not one of the different insurances could be impacted by this resolution, as all of them cowl the entire household, nonetheless, you’d each profit from the waived charges when utilizing your card overseas, detailed beneath.
Waived charges when utilizing your card overseas
You received’t be charged when utilizing your debit card overseas, which might prevent as much as 2.99% on the transaction quantity.
That is extra of a bonus to the account and shouldn’t be a decision-maker, as there are plenty of debit and credit cards available to use abroad with out further charges.
| FlexPlus | FlexAccount or FlexDirect | |
| Purchases made in a international foreign money | No price | 2.99% of the transaction quantity |
| Money withdrawals in a international foreign money exterior the UK | No price | 2.99% of the transaction quantity |
| Money withdrawals in a international foreign money throughout the UK | No price | No Payment at LINK ATMs or over-the-counter2.99% of the transaction quantity at non-LINK ATMs |
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How Nationwide FlexPlus differs from different packaged accounts
✅ You get European breakdown cowl and UK cowl. Most different packaged accounts solely supply UK breakdown cowl — others with this profit embrace Co-operative Financial institution On a regular basis Additional and Lloyds Silver
✅ Cellphone insurance coverage is for your complete household. Once more, plenty of the opposite packaged financial institution accounts don’t have household cowl as normal — the Virgin Membership M account consists of telephones and different devices, together with laptops for your complete household, making it a contender on this space
❌ Breakdown cowl solely covers the account holder
Nationwide FlexPlus buyer critiques
Prospects of Nationwide FlexPlus have given Nationwide FlexPlus 3.89/5 over at our sister web site, Sensible Cash Folks. Prospects love the insurance coverage advantages and really feel prefer it’s nice worth for cash. One buyer even referred to it as “magic”.
Some prospects really feel that the cell phone insurance coverage isn’t adequate, with some claiming their telephones weren’t repaired or got here again extra broken than once they have been despatched off.
Is Nationwide FlexPlus value it?
Zoe’s evaluation
This account rose from £13 per thirty days to £18 per thirty days on 1 December 2024. Earlier than this, this was the account I’d have doubtless moved to as soon as Monzo Premium is pulled. Nevertheless, it’s now one of the crucial costly packaged accounts, so I’d be extra more likely to lean in direction of the Virgin Money Club M account as an alternative.
You may get journey insurance coverage in your complete household worldwide, cowl all your household’s telephones and get breakdown cowl within the UK and Europe.
The estimated worth of the three important advantages mixed is £380 per yr, for a household whereas this account prices £216 per yr. When you assume you’d pay for all three options, the FlexPlus account might prevent as a lot as £164 in a yr.
When you simply use two of the advantages, you’d save round £50 per yr.
When you’re not trying to cowl extra folks than your self, then it won’t work out any cheaper, particularly if you happen to don’t want all three advantages.
The principle downside to the account is that breakdown cowl solely technically covers the account holder, however as we talked about above, you possibly can work round this.
Nationwide FlexPlus
| Account title | Nationwide FlexPlus |
| Price | £18 per thirty days |
| Annual value | £216 |
| Minimal time period | No minimal time period |
| Advantages | Worldwide household journey insurance coverage |
| Household cell phone insurance coverage | |
| UK and European breakdown cowl | |
| Use your card without cost overseas | |
| Drawbacks | Breakdown cowl solely covers the account holder |
| Joint account accessible? | Sure, at no further value |
