Overview

• The offer went live on 18 September for switches into FlexDirect, FlexPlus or FlexAccount completed via the Current Account Switch Service.
• To qualify, customers must move at least two active direct debits, pay in £1,000 and make one debit card transaction within 31 days of opening or applying to switch.
• Nationwide says the £175 will be paid within 10 days once requirements are met, the account stays open and the CASS switch completes within 28 days.
• Anyone who received a Nationwide switch incentive since 18 August 2021 is ineligible, except when switching between sole and joint accounts that have not previously had the offer.
• FlexDirect adds 5% AER on balances up to £1,500 and 1% debit‑card cashback capped at £5 a month for 12 months, as rivals such as Lloyds (£200) and NatWest (£175) run competing deals.