Eligibility criteria apply. Check terms on Nationwide's website before applying.
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Nationwide Offer Summary
Detailed Information
Get £175 switching to any Nationwide current account. FlexDirect (no monthly fee) includes 5% interest, 1% cashback, and access to a 6.5% regular saver – worth over £390 in year one.
Is Nationwide Right for You?
Key Features
- FlexDirect: 5% AER interest on balances up to £1,500 for 12 months
- FlexDirect: 1% cashback on debit card purchases for 12 months
- FlexAccount: No monthly account fee
- FlexPlus: Worldwide family travel insurance included
- FlexPlus: Mobile phone insurance included
- FlexPlus: UK and European breakdown cover included
- Eligible members may receive annual Fairer Share Payments
Things to Consider
- Must not have had a Nationwide switch offer since 2021
- Old account needs at least 2 active Direct Debits
- FlexDirect benefits (5% interest, 1% cashback) only last 12 months
- FlexPlus has £18 monthly fee
- Must manually update recurring card payments with new card details
- Arranged overdraft not automatically transferred
Eligibility Requirements
- Switch from a non-Nationwide and non-Virgin Money account using CASS (must have at least 2 Direct Debits)
- Complete the full switch within 28 days
- Pay in at least £1,000 within 31 days of account opening
- Make 1 debit card payment within 31 days
- First time you've had this offer on an eligible sole or joint account (you can claim £175 once on a sole switch and again on a joint switch)
Always verify the current requirements on Nationwide's website before applying, as terms may change.
How the Switch Works
Nationwide uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 10 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- Couples can earn £525 total: £175 each on individual sole switches plus £175 on a joint switch (as long as each account hasn't had the offer before)
- The £1,000 can be paid in instalments or as a lump sum - your salary, funds from the switch, or transfers all count
- Recurring card payments like Netflix or Spotify count towards the debit card requirement
- You can use Apple Pay, Samsung Pay or Google Pay for the required card payment
- The bonus payment will show as 'Switching Offer' on your statement
- Joint accounts only receive one £175 payment, not one per person
Common Issues
- Don't transfer the £1,000 from another Nationwide account - it won't count
- Gambling, crypto transactions, and cash withdrawals don't count as debit card payments
- Don't forget to update recurring card payments like subscriptions with your new card details
- Make sure your old account has at least 2 Direct Debits before starting the switch
- Starting the switch doesn't count - it must complete within 28 days
Need Direct Debits? If you don't have 2 active Direct Debits for the switch, you can support Scrimpr via Direct Debit (50p or £1/month) — it counts towards the requirement and helps keep this site free.
Offer History
How Nationwide's switch offer has changed over time.
| Offer | Period |
|---|---|
| £175 | May 2026 - present |
| £175 | Sep 2025 - Mar 2026 |
| £200 | May 2025 - Jul 2025 |
| £175 | Sep 2024 - Mar 2025 |
| £200 | May 2024 - Jul 2024 |
| £200 | Sep 2023 - Dec 2023 |
| £200 | Oct 2022 - Nov 2022 |
| £125 | Aug 2021 - Aug 2021 |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and Nationwide reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on Nationwide's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
Direct link to Nationwide. Scrimpr earns no commission from this link and isn't endorsed by Nationwide. Eligibility criteria and terms apply. Not all applicants will qualify. Nationwide is regulated by the FCA (Register: 106078).
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with Nationwide.