Nationwide customers can get free £175 if they act before end of March
Nationwide Building Society is offering its customers the chance to earn a free cast payment of £175 if they switch to one of its three bank accounts.
The offer will be withdrawn at the end of March, with customers encouraged to make the switch "within 10 days".
The building society's switching offer remains the biggest available, alongside Lloyds Bank and First Direct, who also offer £175.
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To qualify for the £175, customers will need to apply for and open one of three bank accounts: FlexPlus, FlexDirect or FlexAccount.
If customers already have one of these accounts, they can simply switch to a non-Nationwide bank account and get the free £175 if they log into Nationwide's internet bank and meet all of the other qualifying criteria.
Nationwide has stated you must complete a full account switch from a current account held with another bank using the Current Account Switch Service.
Additionally, you must transfer a minimum of two active Direct Debits to Nationwide, along with making a deposit of £1000 and make one debit card payment within 31 days.
A full switch means that the old account is closed and all payments are transferred to the new account.
Not all transactions are valid though, such as gambling, cryptocurrency, cash withdrawals, mortgage payments, and money transfers.
Therefore, it is vital that you read the terms and conditions fully before making the switch, as you don't want to miss out on the potential of £175.
If customers meet all of the necessary criteria, Nationwide will then credit the free £175 payment to the current account that customers switched into "within 10 days of all the requirements being met".
This will then appear on bank statements as 'Switching Offer'.
The £175 switching perk will be withdrawn at 23:59pm on Monday, March 31st.
The three current accounts customers can switch to are as follows:
FlexPlus: A packaged account with worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover and commission-free usage abroad for £18 a month
FlexDirect: A fee-free online account paying 5% AER credit interest and 1% cashback on debit card spend for the first 12 months
FlexAccount: A fee-free bank account where customers can bank online and in branch
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