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Closing account before charges applied.

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I have a Nationwide Flex account which I hardly use but it is set up to pay my PayPal payments.

Last week I bought 4 items off ebay totalling £2.97 but didn't realise I had a 0 balance at Nationwide.

The payments bounced and the wonderful people at Nationwide have informed me I will be charged £60.

I've printed form off to close account but I am wondering what will happen about the £60 charges?

Been into my local branch and they were has much use has a chocolate teapot.

Any advice please ?

Thanks in advance.

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ring them ex[lain the problem and usually they credit account the charges 1st time. never pay the £60.00 for charges on such a small amount seems alot to me only £15.00 per item normally.???????????


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I would think the account will now have a £60 negative balance which will have to be paid before they would close the account, if not they will persue you for it :(


Like MIKE770 has said if it's the first time they are likely to refund the charges.


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£60 for £2.97 is well out of order, you need to get the account closed asap, and make a formal complaint to Nationwide that the charge is excesive.

This needs tpo be in writting and by recorded delivery.

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Yes, try to reason with them, then close the account. They will report to the CRAs for a negative balance, so you need to act swiftly. If necessary, write to their Head office. That seems an awful lot for £2.97 !

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Thanks for the prompt replies.

Tried to reason in branch today put not a chance. We had a refund 3 years ago so they won't do that.

Will write to head office but there's no way I'm paying the £60. When I asked girl in branch why they pay the amount then bounce it she said they give a temporary overdraft then take it away.

Easy way to make money if you ask me.

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