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 its 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 the joint 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
Get FREE alerts for new bank switching offers
FREE switching offer alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
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.
Hide
Get FREE alerts for new bank switching offers
FREE switching offer alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
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
Ricky's expertise
Ricky has written 14 Finder guides across topics including:
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 first direct and take advantage of the latest switching bonus.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
