Overview

• The offer opened on September 18 for applications started on or after that date and applies to switches into FlexDirect, FlexPlus or FlexAccount.
• To qualify, customers must complete a full Current Account Switch Service transfer with at least two active Direct Debits, pay in £1,000 and make one debit-card payment within 31 days, with the switch typically finalised within 28 days.
• Nationwide says the £175 is paid into the switched account within 10 days of meeting all conditions, and joint accounts receive a single payment.
• Previous recipients of a Nationwide switch incentive since August 18, 2021 are excluded, except when switching from a sole to a joint account or vice versa that has not had the offer before.
• Rivals are running concurrent deals including Lloyds at £200 (from September 16), and £175 from NatWest and First Direct, while Nationwide also promotes FlexDirect’s 5% AER on up to £1,500 and 1% debit-card cashback for 12 months.