I should point out that I changed from Bank of Scotland as I was over my head in overdraft and it was depressing looking at the account like that, so off my own back decided to change banks and I wasn't in process of signing a TD then.

Hi Mercy

If you obtained the account before you signed, you may well be ok. However there's no guarantee as Nationwide seem to have changed their policy on accounts. They used to be one of the good guys, but seem to be following the route taken by other banks.

Mark

Thank you for your reply Mark, much appreciated. If they do close my account would they give me notice? It's just that my wages/bills go in/out of that account, maybe I might be better of opening up another one with the co-op just In case?

Hi Mercy

Yes, they will normally give you time to withdraw any funds etc. Setting up standing orders etc is pretty instant in new accounts, so shouldn't be an issue.

Hopefully it will all be fine.

Mark

hi mercy
I opened a basic account with nationwide 3 year ago before a td and there has been no problem

Hi Mercy2604.

Nationwide don't offer any of their accounts to persons in trust deeds. If they discover that you are the account could be closed with little or no notice.

I'd have a back-up or the inconvenience could be significant.

Thank you for the advice, very much appreciated. I have called the co-op for an application pack just in case.

Definitely get a back up. I had my first direct account closed without notice and caused me real difficulty as could not access my wages

GET A BACKUP!

I have Nationwide as main account also at present which was opened ahead of the TD being signed, advertised etc. So far so good and from reading between the lines on here and also on other forums dedicated to English equivalent to a TD loads of people have been operating Nationwide accounts with no issues for the life of their Deeds. But as Mark and TDA pointed out things can change and if they do you will need a fall back to be able to use. If you are in the TD it can be harder to open a new account although not impossible.

Currently I am operating with an RBS Basic account as my back up. Co-Op is the next avenue I will go to should things change.

My rant on the issue is that in this day and age when things need to be done through a bank (otherwise you get penalized for non DD payment, cant buy things on line etc) their should be legislation forcing all the banks to offer a no thrills BASIC account which everyone has the right to open and operate.

Thank you fcwalker & colski for your advice too. I am going to keep Nationwide as my main account and open the co-op just in case and put my spending money in it I.E food/petrol etc to ensure it stays open.

I have been watching/reading this forum for a while now and just want to say how helpful people are and it is very much appreciated.