03-03-2025
Nationwide to give free cash to people who follow these steps
Nationwide has announced that it will offer certain banking customers a free £175 payment, with no current deadline for people to act. The world's largest building society continues to provide this bonus cash to eligible individuals who switch their accounts to Nationwide.
While other banking giants often run similar offers, they usually have an end date by which to switch. However, this is not currently the case for the Nationwide £175 deal.
To qualify for the money, you'll need to switch a non-Nationwide bank account with at least two active Direct Debits, perform the switch online, and close your old account when you switch. Nationwide can handle the last part for you.
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You'll also need to complete the switch within 28 days and within 31 days of requesting the switch, you must deposit at least £1,000 into the account, and this can't be a transfer from another Nationwide account or Visa credits. You must also make at least one purchase using your debit card and some transactions, such as gambling, don't count.
Switchers can claim the £175 when switching to either a FlexPlus, FlexDirect or FlexAccount. Current customers who already have one of these accounts can still get the cash, if they switch over from a non-Nationwide provider, and meet the other criteria.
Switching your bank account is designed to be a hassle-free process. All your payees, which includes everyone you've ever sent payments to, will be transferred to your new account along with any new payment setups.
Your regular income streams, such as salary, benefits, or pension, will also automatically shift to the new account, as well as your recurring outgoings like bills. Plus, there's a safety net in place: should any payments mistakenly go to your old account, a redirect system will "catch" these and ensure they're moved over to your new account.
