Overview
- Nationwide’s offer requires a full Current Account Switch Service move, at least two direct debits, a £1,000 pay‑in and one debit card payment within 31 days.
- Customers who have taken a Nationwide switch incentive since 2021 are generally excluded, and joint switches receive a single £175 payment.
- The bonus applies to FlexDirect, FlexAccount and FlexPlus, with FlexDirect offering 5% AER on up to £1,500 and 1% debit card cashback for 12 months subject to caps.
- Nationwide says the payment appears as “Switching Offer” and is made only if the account remains open when it pays.
- Rival deals currently include Lloyds at £200 and NatWest and First Direct at £175, with the Co‑operative Bank offering £100 plus potential top‑ups, so applicants should compare fees, eligibility rules and deadlines.