As soon as we receive your application form, whether by fax or post, your account will be opened and a confirmation letter and statement will be sent to the address of the first named account holder. Once identification requirements have been completed for all account holders, your new account will be fully operational.

How safe is my deposit?

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Nationwide International is the wholly owned subsidiary of Nationwide Building Society. As well as the statutory protection provided by the Isle of Man Depositors' Compensation Scheme, Nationwide Building Society guarantees the liabilities of its subsidiary. We believe this ‘double protection’ provides peace of mind for even the most cautious investor.

Will I be a member of Nationwide Building Society?

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Nationwide International Limited is the wholly owned subsidiary of Nationwide Building Society. Account holders of Nationwide International Limited are depositors and not members, therefore, by opening an account with Nationwide International you will not obtain membership rights in Nationwide Building Society.

Can I arrange a withdrawal by telephone?

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Because we recognise that time is precious and that sometimes it’s vital that you can access your account quickly, we provide a telebanking service which allows you to make withdrawals by phone or fax.

Can I pay cash or travellers cheques in to my account?

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For security reasons we are unable to accept cash or travellers cheques for payment into our postal account range. You can make deposits by electronic/telegraphic transfer, cheque/draft or BAC’s.

How can I keep track of my investments?

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For US dollar and euro accounts, all transactions will be acknowledged immediately. For sterling accounts, deposits of £1,000 and over, and all withdrawals on your account are acknowledged immediately. Deposits of less than £1,000 are acknowledged by a statement dispatched on the 15th of the following month, unless you specifically request an immediate confirmation.

You can choose to receive a statement monthly, quarterly, half-yearly or annually - although we won’t send a statement if there have been no transactions since the last one. With the exception of annual statements, which are sent in April each year, your statement will arrive shortly after the 15th of the month in which it is due. If you would like any extra statements during the year, just let us know and we'll be happy to send them to you. Unlike many of our competitors, we offer these free of charge.

How is my interest calculated?

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Interest is calculated on a daily basis on cleared funds in your account. For sterling accounts 1 year is defined as 365 days and for US dollar and euro accounts, 1 year is defined as 360 days. All our accounts offer competitive tiered rates of interest paid gross*, so the more you save the higher your returns!

When is interest paid?

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On sterling accounts you can choose to have your interest paid annually, monthly or deferred. On US dollar and euro accounts interest is paid annually or deferred. Annual interest is paid on 31 March and monthly interest is paid on the 1st working day of each calendar month. 

Should you wish, you can capitalise your deferred interest in part, or in full once per financial year (1 April - 31 March). Please note capitalisation date for limited offer products (such as fixed rate bonds) may vary.

What happens in the event of my death?

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For sole account holders it may be necessary for the Personal Representatives to obtain Manx Grant of Probate or Letters of Administration before funds can be released to your estate. Nationwide International can assist in these matters – for further information please contact one of our customer service team who will be happy to help.

In the event of the death of a joint account holder, the account will automatically be transferred to the surviving account holder(s) upon production of a certified copy of the death certificate.

I am currently working abroad but will shortly be moving to the UK, how does this affect my account?

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If you are non-UK resident for tax purposes, and you are returning to the UK shortly, it may be beneficial to ‘Bed & Breakfast’ your account so that all accrued interest can be capitalised. On receipt of your instructions your account(s) will be closed and re-opened on your chosen date. Unlike many of our competitors, there will be no loss of interest when carrying out this type of instruction.

If you do not originate from the UK, and are not intending to settle in the UK permanently, then it may be appropriate for separate capital and income/interest accounts to be established.

Please note, we are not able to give specific tax advice and recommend that you contact a professional tax consultant who can advise you appropriately depending on your circumstances.

What is the European Union Savings Tax Directive (EUSTD), and what happens if I am resident within the EU?

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The EUSTD effect those who are permanently resident within the European Union. To find out if you're affected and for further information please visit our EUSTD section. *All interest rates are quoted gross. Interest paid or credited in respect of accounts held by certain individuals may be subject to a retention tax in accordance with the arrangements under Isle of Man law for the implementation of equivalent measures to the EU Savings Tax Directive.

*All interest rates are quoted gross. Interest paid or credited in respect of accounts held by certain individuals may be subject to a retention tax in accordance with the arrangements under Isle of Man law for the implementation of equivalent measures to the EU Savings Tax Directive.