Nationwide’s bank switching bonuses are very much in line with some of the top offers at the best high street 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?
Yes. Customers who complete a full switch using the Current Account Switch Service will receive £175, which is good but not the highest offer available on the market.
To claim the latest Nationwide switch offer you need to:
Switch over a non-Nationwide account with at least 2 direct debits
Open a FlexPlus, FlexDirect or FlexAccount account
Make the switch online or through the Nationwide app
Close your account with your other bank
Deposit £1,000 and make 1 debit card payment within 31 days
Complete your switch within 28 days
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What switching offers have been available in the past?
May-July 2024
Nationwide offered £200 to switch over a non-Nationwide account with at least 2 direct debits. You had to already be a Nationwide member and open a FlexPlus, FlexDirect or FlexAccount account.
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.
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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Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio
Find out how you can open a new current account with NatWest and take advantage of the latest switching bonus.
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