Nationwide new £175 free cash offer for customers starts today | Personal Finance | Finance
Nationwide Building Society is enticing customers with a £175 reward if they switch their current account to the building society. To be eligible for this bank switching deal, customers must have initiated their application on or after 18 September, completed a full switch using the Current Account Switch Service (CASS), and not have previously benefitted from another Nationwide switching offer.
The switch must include the transfer of at least two Direct Debits, as standing orders and recurring card payments do not qualify. Once the application is approved and the account is switched, customers are required to deposit at least £1,000 and make one debit card payment within 31 days of opening the account or applying to switch into an existing account.
The accounts eligible for the switch include the FlexPlus, FlexDirect, and FlexAccount current accounts. Customers will receive the £175 payment within 10 days of meeting all the criteria.
Moreover, switching to Nationwide could potentially lead to additional payouts if the building society continues its tradition of distributing its £100 ‘Fairer Share’ payment, as it did in 2023, 2024 and 2025. The building society has expressed its intention to make its ‘Fairer Share’ payment annually, provided it does not negatively impact its financial strength and is subject to board approval.
Tom Riley, director of group retail products at Nationwide, stated: “It’s never been more rewarding to be a Nationwide member and that’s why we want to help more people benefit by offering this switching offer.”
How to get the £175 bank account switch offer
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Choose an account
Switch a non-Nationwide bank account to a new or existing FlexDirect, FlexAccount or FlexPlus.
Your old account must have at least 2 Direct Debits to move over.
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Start your switch
Start a full switch using the Current Account Switch Service. A full switch includes closing your old account.
Your switch must complete within 28 days.
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After you apply
Pay in at least £1,000 and make 1 debit card payment within 31 days of account opening or applying to switch into an existing account. Restrictions apply.
To check if you’re eligible click here.
