Before we get to any of the latest switch bonuses, a bit about what defines Nationwide. It launched way back in 1884 as the Southern Co-operative Building Society, but has since undergone around 250 mergers (imagine the paperwork) to become the Nationwide Building Society of today. It refers to itself as a “modern mutual”, which means its customers – or “members” – benefit from the profits it makes.
Undoubtedly, Nationwide does things differently. But their bank switching bonuses are very much in line with some of the top offers at the best highstreet banks, giving you plenty of chances to get a little boost when you sign up for an account.
Is Nationwide currently running a switching offer?
No. Nationwide’s most recent deal allowed you to claim a £200 cash bonus when you made a full switch. But, in an irregular twist, you had to already be a member of Nationwide in order to qualify.
To claim the latest Nationwide switch offer you had to:
Be an existing Nationwide member as of 31 March 2024
Switch over a non-Nationwide account with at least 2 direct debits
Open 1 of 3 accounts: FlexPlus, FlexDirect or FlexAccount
Make the switch online
Close your account with the other bank
Complete your switch within 28 days
You wouldn’t have qualified if you’d benefited from a Nationwide current account switch offer since 18 August 2021.
This offer ended on 4 July 2024.
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What switching offers have been available in the past?
September-December 2023
This was very similar to the latest £200 switch bonus, except you didn’t need to be a Nationwide customer beforehand to qualify.
October-November 2022
Another £200 switch bonus from Nationwide, matching the key terms from the September-December 2023 deal which would arrive a year later.
August 2021
Nationwide’s £125 switch offer had many of the same requirements: switching to a selected bank account and transferring over at least 2 direct debits. But if you weren’t already a Nationwide member, the switch bonus was capped at £100.
February 2018-March 2020
Not a switch offer exactly, but a refer-a-friend bonus with a juicy £200 up for grabs – £100 for you and £100 for your friend. They’d have to make a full switch, following similar steps to the standard switch bonuses with the 2 direct debits and so on.
June 2017
The £100-each refer-a-friend bonus again. Unlike the previous run, this was opened up to customers who weren’t already a Nationwide customer.
February 2016
This refer-a-friend bonus was similar to the others run by Nationwide, except you had to have been an existing customer. No freebies for newbies back then.
August 2015
The debut of the £100 refer-a-friend bonus at Nationwide came in August of 2015. You could claim the offer up to 10 times over a year, so you could’ve pocketed a cool £1,000.
February 2014
Before it got a welcome boost to £100, the refer-a-friend bonus at Nationwide began at a modest £50. The most popular among you could collect cash on this deal up to 10 times per year for a maximum of £500.
When might the bank launch a new switching offer?
As you can see, Nationwide has had no shortage of switching bonuses and refer-a-friend offers with some very attractive sums on the line. But there’s no set date for the next Nationwide switch offer.
If you want to be made aware of the next switch bonus going live at Nationwide, you can sign up to our newsletter and we’ll get in touch once it’s active.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Ricky Davies was a senior writer at Finder, focusing on banking and fintech. He previously wrote for Lloyds Banking Group, Halifax, and Royal Bank of Scotland. Additionally, he worked on content at LSEG, which is one of the world’s largest providers of financial markets data and infrastructure, and has created guides for several crypto sites. See full bio
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Ricky has written 14 Finder guides across topics including:
Find out how you can open a new current account with TSB and take advantage of the latest switching bonus.
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