Nationwide £175 Switching Bonus 2025: Full Details, Eligibility, and How to Claim

Nationwide Building Society has reintroduced its popular £175 switching bonus, giving both new and existing customers the opportunity to earn extra cash by moving their current account. The offer, which began on 18 November 2025, comes at a time when households across the UK are looking for practical ways to offset rising living costs. With the help of the Current Account Switch Service (CASS), the process is simple, fast, and completely secure.

This promotion not only provides an easy financial boost but also gives users access to some of Nationwide’s feature-rich current accounts. However, to secure the reward, applicants must follow all instructions carefully and complete every requirement within the specified deadlines.

What the £175 Nationwide Switching Bonus Means

The £175 switching bonus is a one-time cash reward given to customers who switch their main current account to Nationwide from another bank or building society. The bonus is designed to attract new customers and reward loyalty from existing members.

Unlike many competitor offers, Nationwide’s scheme has transparent conditions, clear eligibility rules, and a guaranteed payment once the criteria are met. It is available for a limited time and may close early without notice, so interested customers are encouraged to begin their switch promptly.

Quick Summary

Which Nationwide Accounts Qualify

Not every Nationwide account qualifies for the £175 bonus. The offer applies only to selected current accounts:

1. FlexDirect

A popular account offering 5% interest on balances up to £1,500 for the first 12 months. It also includes an interest-free overdraft for one year (subject to approval).

2. FlexAccount

A free everyday account suited for regular banking transactions. It provides access to mobile and online banking and can be used for salary deposits and bill payments.

3. FlexPlus

A packaged current account that comes with a monthly fee. It includes valuable extras such as worldwide travel insurance, mobile phone cover, and breakdown assistance.

Accounts such as savings accounts, business accounts, or joint accounts not switched via CASS are not eligible for the offer.

Step-by-Step Guide to Claiming the £175 Bonus

To receive the payment, you must complete two main stages carefully within the set timeframes.

Step 1: Switch Your Account Using CASS

• Open a new eligible account (FlexDirect, FlexAccount, or FlexPlus) or use an existing one.
• Request a full switch via the Current Account Switch Service (CASS).
• The switch must close your old account and transfer all direct debits, standing orders, and incoming payments.
• You must include at least two active Direct Debits in the transfer. Regular subscriptions such as Netflix or one-time transfers do not count.
• The full switch must be completed within 28 days of opening your new account.

Step 2: Complete Your Transactions

Within 31 days of opening or switching your account, you must:

• Deposit at least £1,000 into the account. The funds can come from an external bank but not from another Nationwide account.
• Make at least one payment using your Nationwide debit card. This includes contactless payments, online purchases, or payments made via Apple Pay or Google Pay.

Excluded transactions include:

• Cash withdrawals or ATM transactions
• Loan or mortgage payments
• Gambling or cryptocurrency purchases
• Foreign currency exchanges or money transfers

If all requirements are met within the timeframe, you will automatically qualify for the £175 bonus.

When You’ll Receive the Payment

Once all eligibility conditions are satisfied, Nationwide credits the £175 reward within 10 working days. The payment appears in your transaction history under the description “Switching Offer.”

If you switch to a joint account, only one payment of £175 is made per switch, regardless of the number of account holders. The offer applies once per person, even if multiple accounts are opened or switched.

Who Cannot Claim the Bonus

Certain customers will not qualify for the reward. These include:

• Anyone who has already received a Nationwide switching bonus since 2021.
• Individuals with accounts under fraud investigation, financial sanctions, or those managed by the Collections and Recoveries department.
• Customers whose switch request was submitted before 18 November 2025.

An exception exists for customers switching from a sole account to a joint account (or vice versa) if they have not previously received a reward for that specific account type.

Can the Offer End Early

Yes. Nationwide reserves the right to modify or withdraw the offer at any time without prior notice. However, if you start your switch before the offer is withdrawn and meet all terms, you will still receive the bonus in full.

The bank typically notifies customers on its official website if the campaign is paused or closed, but acting early is the best way to secure the deal before the quota is reached.

Why the Nationwide Switching Bonus Matters

In an environment where energy bills, rent, and everyday expenses continue to rise, financial incentives like Nationwide’s £175 offer provide a small but meaningful relief. Beyond the cash reward, customers gain access to accounts with competitive features such as interest on balances, overdraft benefits, and travel or mobile insurance.

The process is completely managed by the Current Account Switch Service, which ensures the move is smooth, secure, and backed by a Switch Guarantee that protects your payments and prevents errors during the transfer.

For customers seeking a simple way to earn extra cash while upgrading their banking experience, the Nationwide switching bonus represents one of the most attractive deals in late 2025.

Frequently Asked Questions

1. How do I know if my switch qualifies for the £175 bonus?

If you switched a qualifying account (FlexDirect, FlexAccount, or FlexPlus) using CASS after 18 November 2025 and completed all conditions within 31 days, your account qualifies.

2. When will I receive my £175 payment?

You will typically receive the payment within 10 working days after completing the required steps. The transaction will show as “Switching Offer” on your statement.

3. Can I get the bonus for both a sole and a joint account?

You can only receive one bonus per switch, but customers may qualify for another if they move between sole and joint accounts and have not claimed a previous reward.

4. Do I need to visit a branch to start my switch?

No. The entire switching process can be completed online through Nationwide’s website or mobile banking app using the Current Account Switch Service.

5. What happens if Nationwide withdraws the offer while my switch is processing?

If your switch request started before the withdrawal and you meet all terms, you remain eligible for the full £175 payment even after the offer ends.

Final Thoughts

The Nationwide £175 Switching Bonus 2025 is an excellent opportunity for anyone seeking quick, reliable extra income with minimal effort. By meeting straightforward requirements, customers can earn a generous one-time payout and gain access to high-value banking features.

For those yet to make the switch, starting soon ensures eligibility before the offer closes. For complete details and terms, visit the official Nationwide website to begin your application and track updates on the promotion.

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