Choose an account and apply.
Switch to a new or existing FlexDirect, FlexAccount or FlexPlus.
Switch using the Current Account Switching Service.
This takes place during account opening - when prompted, state you wish to switch your existing account to a new or existing Nationwide one.
Choose your switch date.
You’ll need to choose a date for when you want your account switched over, and at least 2 active direct debits need to be transferred as part of the switch.
Receive switch confirmation.
On the day of your current account switch, you’ll receive confirmation from Nationwide that your account is now open.
Pay £1,000 into your account.
Within 31 days of switching, you must pay £1,000 into your account and make 1 debit card payment.
Receive your £175 bonus.
Once you've met the above conditions, you'll receive £175 in your new account within 10 days.
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.
To claim the latest Nationwide switch offer you need to:
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.
There’s no end date listed on Nationwide’s site, but it does say that the offer is only available for a limited time.
"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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