Bank Switching Offers > Nationwide

£200 Cash for switching to Nationwide

Following the news of their £400 million payout to members, Nationwide have recently resurfaced with their latest bank switching offer. Nationwide is my FAVOURITE bank switching offer as if you are a couple, you can get £600 by doing this once each individually, and then again with a joint account (!)

Are you eligible?

You MUST already be a member of Nationwide to be eligible for this offer.

In order to be eligible for this switching offer, you can’t have received a switching bonus from Nationwide since 2021.

You can switch into an existing Nationwide current account or a brand new one if you aren’t already a customer.

How to get the bonus:

  1. Switch a non-Nationwide current account (including 2+ active direct debits) to a new or existing Nationwide current account. Eligible accounts are FlexDirect or FlexPlus.

  2. Pay in £1,000+ within 31 days of the switch & make 1 payment with the debit card.

  3. You will receive the £200 paid into your account within 10 days of the switch completing.

Good to know:

This is the only bank switching offer that will also pay you to switch a joint bank account, so you could potentially double-up (or triple-up) on the rewards here by moving individual current account(s) and a joint current account!

FlexDirect has had a revamp with two new perks:

  • 1% cashback on debit card spending (£5/ month cap)

  • 5% interest on balances up to £5,000

Certainly not bad if you want an all-in current account, although Chase pays 1% on debit card spending up to £15/month so you could have both the FlexDirect and Chase and structure your spending to earn £20/month (requires a £2k debit card spend to achieve).

Full terms

https://www.nationwide.co.uk/current-accounts/switch/