How to Get Nationwide’s £175 Switching Bonus – Eligibility and Payment Timeline

Nationwide is turning heads with its latest offer: a £175 cash bonus for new and existing members who switch their current account using a specific process. But before you start dreaming about how to spend that extra cash, you need to know exactly what’s required — and when the money will hit your account.

Here’s everything you need to know about the offer, step-by-step.

Criteria

To claim Nationwide’s £175 bonus, you must switch from a different bank into a FlexDirect, FlexAccount, or FlexPlus account. It doesn’t matter if you’re opening a brand-new account or switching into an existing one — both qualify, as long as you complete the switch correctly.

But here’s the catch: this isn’t just a quick form and free money. You have to meet all of the following conditions:

• Use the Current Account Switch Service (CASS) to complete the transfer
• Move at least two active Direct Debits
• Make sure your old account is fully closed within 28 days
• Deposit £1,000 into your new Nationwide account
• Make at least one debit card purchase within 31 days of starting the switch

Only after all of these steps are completed will Nationwide pay out the £175 — and even then, your account must be open on the payment date.

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Timeline

So, how long does it take to get the cash?

Nationwide says the £175 will be paid within 10 days after you’ve completed all the requirements — including the deposit and card transaction. The money will show up in your account with the label “Switching Offer” on your statement.

Here’s a simplified breakdown:

Accounts

You can choose from three eligible current accounts:

• FlexDirect – Offers 5% interest (on up to £1,500) for 12 months
• FlexAccount – Simple everyday current account
• FlexPlus – Paid account with travel, mobile, and breakdown insurance

Your choice depends on your banking needs, but the switching bonus applies to all three — as long as you’re using the CASS system to switch from another provider.

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Rules

Not everyone can claim this offer. There are a few key exclusions you need to know:

• If you’ve received a Nationwide switching bonus since 2021, you can’t claim again
• Exceptions apply: If you previously claimed the bonus on a sole account, you may qualify again by switching to a joint account that hasn’t received the reward before (and vice versa)

You’ll be prompted during your application to say whether you’re switching and to give details about your old account.

Remember: only one £175 bonus per switch, even on joint accounts.

Process

Here’s what switching looks like in real life:

1. Start your application on Nationwide’s website or app
2. Choose to switch from your current provider
3. Enter the account details of the old bank
4. Pick a date for your switch to complete

From there, things move fast:

• Days 1–6: Keep using your old card and account
• Day 7: Switch completes automatically
• Old account is closed, and Direct Debits, standing orders, and incoming payments (like wages or pensions) are redirected to your new Nationwide account
• Your Nationwide debit card becomes active and you can start using it

You don’t have to do anything manually for payments or standing orders — it’s all handled by CASS.

Nationwide recommends still notifying your employer or pension provider just in case, to avoid any delays or misdirected payments.

FAQs