Nationwide Building Society has confirmed that its £175 switching offer remains available, although the scheme is described as being for a "limited time only" with no specific end date. The bonus is paid to customers who switch their current account from another provider to a FlexDirect, FlexAccount, or FlexPlus account.
To qualify, customers must use the Current Account Switch Service, close their old account, and transfer at least two active direct debits. They must also pay in a minimum of £1,000 and make one debit card payment within 31 days of opening the account or requesting the switch. The £175 is credited within 10 working days of completing the requirements.
Regarding the Fairer Share Payment, which has seen £100 paid to eligible customers in each of the past three years, Nationwide stated that the board will decide on a 2026 payment based on financial performance. The decision will be announced in May as part of the full-year results, with eligibility criteria agreed at that time.
Nationwide's website notes that while it aims to make Fairer Share Payments annually, future payments depend on financial performance and may involve changes to eligibility criteria or the amount paid. Last year, around four million customers received the bonus, requiring a qualifying current account and either a savings account or mortgage meeting specific criteria.
