Nationwide Dangles £175 Cash to Lure Current Account Switchers
Nationwide Building Society is shaking up the banking scene with a fresh £175 switcher’s bonus. From Wednesday, September 25, anyone who moves their current account to Nationwide via the Current Account Switch Service will pocket the cash incentive.
Extra Perks for FlexDirect Customers
But that’s not all. Customers opening a FlexDirect account bag 1% cashback on all debit card spending plus a handy £50 interest-free overdraft buffer. Sweetening the deal, Nationwide aims to attract savvy savers and spenders alike.
How to Snag the £175 Bonus
- Switch to a Nationwide FlexAccount, FlexPlus, or FlexDirect account via the Current Account Switch Service
- Set up and keep at least two active direct debits to the new account
- Deposit a minimum of £1,000
- Make one debit card payment within 31 days of opening
Plus, those trying FlexDirect for the first time get the 1% cashback perk on debit spend.
Nationwide’s Top Current Account Picks
- FlexPlus: Packaged account at £13/month with worldwide family travel insurance, mobile phone cover, UK & European breakdown assistance, and no fees on foreign spending
- FlexDirect: Online-only account paying 5% AER credit interest plus 1% cashback on debit card spend
- FlexAccount: No monthly fee basic account, usable online and in branches
“We want to give people every reason to join Nationwide,” said Tom Riley, Director of Retail at Nationwide. “Our new incentives show how we’re making banking more rewarding. It highlights the benefit of being a modern mutual that reinvests profits for members and customers, not shareholders.”
While Nationwide leads the charge with a generous £175 switch bonus, First Direct matches this offer. However, deals elsewhere are scarce right now for those thinking of switching current accounts.
