Are you ready to grab a £175 cash bonus? Nationwide is offering a generous incentive, but there's a catch! Millions of members across the UK are eligible, yet the process is not as simple as it seems.
Nationwide is rewarding customers who switch their current account to one of their selected accounts: FlexDirect, FlexAccount, or FlexPlus. But here's where it gets tricky: applicants must move two active Direct Debits and complete a full switch via the Current Account Switch Service (CASS) within 28 days. And this is the part most people miss—you must also deposit £1,000 and make a purchase within 31 days of the request.
Once all these steps are completed, Nationwide will add the £175 bonus to your new account within ten days. But beware, this offer is not for everyone. If you've claimed a similar incentive since 2021, you might not qualify, unless you're switching account types (from sole to joint or vice versa).
The switching process is seamless, according to Nationwide. They'll transfer all your payment arrangements, and you can continue using your old account for the first six days. On the seventh day, your old card will be deactivated, and your new Nationwide card will be ready to use.
So, is this a great deal or a marketing gimmick? What do you think? Share your thoughts on this offer and whether you'd consider switching for the bonus.
