Overview

• Nationwide’s exclusive £200 bonus for existing members switching their main current account remains open until July 10, 2025.
• Applicants must transfer at least two direct debits, deposit a minimum of £1,000 and make one debit card payment within 31 days of their switch to qualify.
• The offer applies to switches into FlexPlus, FlexDirect or FlexAccount current accounts that have not received a Nationwide switch incentive since 2021.
• Competing incentives include Lloyds Bank’s £185 switch bonus through July 28, Santander’s £180, First Direct’s £175 and NatWest’s £125 offers lasting into late July.
• Nationwide funded the bonus on the back of a 30 percent rise in profits to £2.3 billion and has already completed Fairer Share payments of £100 to over four million members.