Nationwide has launched a £175 switching offer for when you switch your non-Nationwide bank account to a new or existing FlexDirect, FlexAccount or FlexPlus. For a full list of switching deals on the market, you can visit our switching deals guide.
How much can I get with Nationwide’s switch deal?
You get £175 when you complete a full switch using the Current Account Switch Service to a new or existing FlexPlus, FlexDirect or FlexAccount.
If you switch to Nationwide’s FlexDirect account, you get 5% AER on balances of up to £1,500 for 12 months. Keep that in your account for 12 months and you could earn up to £75 over the year. You also get up to £60 cashback on debit card purchases for 12 months and access to the Flex Regular Saver at 6.50% AER. If you save the maximum of £200 every month, you’ll earn £84.50 in interest over the course of the year.
That’s £394.50 in your first year, including switching bonus, maximum savings interest and cashback.
How can I get the deal?
To claim the latest Nationwide switch offer you need to:
Complete a full switch to a new or existing FlexPlus, FlexDirect or FlexAccount
Make the switch online or through the Nationwide app
Close your account with your other bank
Move over at least 2 direct debits
Deposit £1,000 and make 1 debit card payment within 31 days
Complete your switch within 28 days
Who can get the deal?
You can only get this offer if you’re switching into a sole or joint account that hasn’t had one of Nationwide’s switch offers since 2021.
If you’re unsure you can use the eligibility checker on Nationwide’s website.
When the offer ends
There’s no end date listed on Nationwide’s site, but it does say that the offer is only available for a limited time.
Our expert says: Kate Steere explains why it pays to be a Nationwide customer
"It pays to be a Nationwide member, literally! Nationwide is one of the only banking providers that gives cash payouts for loyalty. It's made a "Fairer Share Payment" to eligible members for 3 years in a row, and in 2025, it made an extra £50 payment as a thank you to customers following its purchase of Virgin Money. Meaning, if you've been an eligible member since 2023, you'll have made a total of £350 to date. This is why we named Nationwide our 2025 Provider of the Year for Banking Perks. "
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Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run.
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Find out how you can open a new current account with NatWest and take advantage of the latest switching bonus.
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