Nationwide Building Society is offering a £175 bonus to eligible customers who switch their current account to the society. The offer applies to those transferring a non-Nationwide bank account to a new or existing FlexDirect, FlexAccount, or FlexPlus account.
To qualify, customers must transfer two existing Direct Debits from their previous account and complete the switch using the Current Account Switch Service within 28 days. They must also deposit at least £1,000 and make one debit card transaction within 31 days of opening or applying to transfer into an existing account.
Nationwide will deposit the £175 into the switched account within ten days of meeting all conditions. The payment will appear on the statement as 'Switching Offer'. Customers who have received a Nationwide current account online switching offer since 2021 are not eligible, unless switching from a sole to a joint account or vice versa.
The switch process takes seven days. During the first six days, customers should continue using their old account. On the seventh day, all Direct Debits, standing orders, and remaining funds are transferred, and the old account is closed. Customers are advised to inform employers and pension providers of their new account details.
