Nationwide £175 Switch Bonus – Who’s Eligible and When You’ll Get Paid

Nationwide Building Society is offering a £175 cash bonus to new and existing members who switch their current account under certain conditions. If you’ve been thinking about moving banks, this could be an easy way to pocket some extra cash — but you’ll need to meet a few specific criteria first.

Here’s a simple breakdown of who qualifies, what you need to do, and when you’ll see the money in your account.

Eligibility

To get the £175 bonus, you must switch a current account from another bank to Nationwide using the Current Account Switch Service (CASS). This offer is open to both new and existing Nationwide customers, but the switch must be into one of the following accounts:

• FlexDirect
• FlexAccount
• FlexPlus

You’ll also need to switch over two active Direct Debits from your old account and make sure your switch is completed — including the closure of your old account — within 28 days of starting the process.

The bonus is available for single or joint accounts, but note that only one £175 payment will be made per account, even if two people are switching into a joint account.

Nationwide to Customers – Switch to Us as Other Banks Close Branches

Key Conditions

Here’s a simple checklist of what you must do to qualify for the £175:

• Open a FlexDirect, FlexAccount or FlexPlus account (or already have one)
• Use CASS to switch from another UK bank or building society
• Include at least two active Direct Debits from the old account
• Complete the full switch, including account closure, within 28 days
• Deposit at least £1,000 into your new account within 31 days of the switch request
• Make at least one debit card purchase within the same 31-day period

Once all of that is done, Nationwide will pay the £175 bonus within 10 days. The payment will show in your transaction history as “Switching Offer.”

Just be sure that your new account remains open until the money lands — if it’s closed early for any reason, you’ll lose the reward.

Who’s Excluded

Not everyone qualifies for the bonus, even if they meet the switching requirements.

You won’t be eligible if you’ve already received a Nationwide current account switch bonus since 2021, unless one of the following applies:

Pensioners with Health Issues – Here’s Why You Should Claim Support

• Your previous switch reward was for a sole account, and now you’re switching to a joint account that hasn’t received a reward before
• Your earlier reward was for a joint account, and now you’re switching to a sole account that hasn’t received a reward before

If both the new and previous accounts are the same type (joint or sole), and you’ve already claimed a bonus since 2021, you won’t qualify again.

How the Switch Works

When applying for a Nationwide account, you’ll be asked if you’d like to switch from another bank. If so, you’ll need to provide:

• The sort code and account number of your current bank
• A preferred switch date

During the first six days of the switch, your existing account remains fully active. You can use your card and pay bills as usual.

On the seventh day, Nationwide will:

• Transfer your Direct Debits, standing orders, and account balance
• Cancel your old account and card
• Activate your new Nationwide card
• Redirect any incoming payments, such as wages or pensions, to your new account

Although incoming payments are redirected automatically, it’s a good idea to tell your employer and pension provider about the change just to be safe.

When You’ll Get Paid

After you’ve completed all the steps — including the £1,000 deposit and debit card purchase — Nationwide will pay the £175 bonus within 10 days.

Your account must still be open to receive the payment, and you’ll only get one bonus per switch, even if both account holders contributed to the requirements.

This is a limited-time offer, and while there’s no published end date, it could be withdrawn at any time. If you’re considering a switch, now’s a smart time to move before the opportunity disappears.

FAQs