Summary: Unfortunately Nationwide Bank does offer a share-investing feature on its platform and only offers banking services. Not too worry, there are alternative methods to investing in shares with the funds in your Nationwide Building Society account. Simply transfer money from your Nationwide account to a secure, regulated and licensed investing and trading platform.
We recommend using the eToro UK exchange, it is the largest multi-asset trading platform in the world. eToro offers investment opportunities in six asset classes including shares, ETFs, commodities, indices, currencies & even cryptocurrencies. It is the most secure brokerage platform in UK and is regulated by the Financial Conduct Authority, under firm reference number 583263.
How to buy shares with Nationwide Bank
If you want to buy shares with Nationwide Building Society in the United Kingdom, you have come to the right place. The easiest and fastest way to buy shared with Nationwide Bank is by going through an external brokerage platform like eToro. On eToro, Nationwide Bank account holders can transfer funds through bank transfer, card, PayPal, Skrill & Neteller. Refer to the below steps to buy shares now.
- Sign Up: Create an account on eToro and complete the verification process.
- Deposit Funds: Click 'Deposit Funds', pick a method and send funds to eToro.
- Find Asset: Search for the share or ETF you want to buy and select 'Trade'.
- Buy Shares: Input the amount you wish to invest and tap 'Set Order'.
Is it expensive to buy shares & ETFs in the UK?
When you're using the eToro platform to invest in shares it is practically free to invest in shares and ETFs. This is because eToro doesn't charge any commissions to purchase shares and ETFs. Additionally, GBP & EUR deposits are free for Nationwide Bank account holders. The only fees users have to pay is a $5 withdrawal fee when transferring funds back to your bank account.
Does Nationwide Bank offer share investing?
No, unfortunately the banking platform is yet to offer any form of investing features on its platform. Nationwide bank users can only use traditional banking services on the platform like accounts, loans and card products. The bank is yet to announce whether or not they intend to add an investing feature in the future.
What is the Nationwide Building Society?
The Nationwide Building Society was founded in 1846 as the Nationwide Mutual Land Investment Association. It was created to help people who could not afford to buy land outright to save money so they could become landowners. The society changed its name to Nationwide Building Society in 1971, and today it offers a range of financial products and services.
Nationwide is headquartered in Swindon, Wiltshire, and has over 700 branches across the UK. The society has won numerous awards, including being named ‘Bank of the Year’ by Moneyfacts in 2017. Nationwide Bank is one of the largest banks in the United Kingdom with over 15 million members. It is a mutual organisation, owned by its members, and operates under a cooperative model.