Overview

• The offer applies to accounts opened on or after 18 September 2025 and requires a full Current Account Switch Service move into FlexDirect, FlexPlus or FlexAccount, plus at least two active direct debits, a £1,000 deposit and one debit card payment within 31 days.
• Customers who have previously received a Nationwide switching payment are not eligible, and the bonus is typically paid within 10 days once all conditions are met.
• New FlexDirect users receive 5% AER on balances up to £1,500 for 12 months and 1% cashback on debit card spending capped at £5 per month for the same period.
• Rivals are running similar promotions, including £200 from Lloyds, £175 from NatWest and First Direct, and up to £150 from Co‑op Bank.
• Nationwide also announced mortgage rate cuts of up to 0.18 percentage points on selected fixed deals from Friday and said the switching incentive will be withdrawn later this month.