Nationwide will pay people a free £175 payment if they have over £1k in their bank accounts. To get £175 when you switch, you must switch a non-Nationwide bank account with at least two active Direct Debits to Nationwide, switch to Nationwide online, and close your non-Nationwide bank account when you switch.
“We’re able to do this for you – just make sure you select this option when you’re requesting your switch,” the building society said. “Complete your switch within 28 days. And within 31 days of requesting the switch, you need to put at least £1,000 into the account, not counting transfers from other Nationwide accounts or Visa credits.”
You must also pay for something once using your debit card. Some transactions – like gambling – don’t count towards this, so make sure you check the terms. Nationwide said: “You can get £175 by switching to a FlexPlus, FlexDirect or FlexAccount.
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“If you already have one of these bank accounts, you can still switch over your non-Nationwide bank account and get £175 if you log in to our internet bank. You’ll still need to meet the other qualifying criteria for the offer.
“Not sure how to switch? Find out how to switch to an existing account.” Switching your bank account is designed to be simple, reliable and stress-free. You can switch in just 7 working days, and our dedicated team will move over your payments, balance and even your payees.
The whole process is backed by the Current Account Switch Guarantee. “So, in the unlikely event that something is missed, you won’t be out of pocket. Any fees or charges will be covered. And your credit rating will be protected too,” the building society said.
You will only be eligible for this offer on your first sole current account and first joint current account that you switched to the building society since 18 August 2021, and that have not benefited from this or any previous current account online switch offer.