Nationwide is offering a £175 switch bonus for customers who move their current account using the Current Account Switch Service (CASS). The deal applies to accounts like FlexDirect, FlexAccount, and FlexPlus, with the bonus usually paid within 10 working days of completing the switch. Both new and existing customers can apply, but past recipients of Nationwide’s switching incentives are excluded. With banks competing fiercely for new customers, this is one of the most attractive offers currently available in the UK.
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Switch to a Nationwide current account via CASS.
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Qualifying accounts: FlexDirect, FlexAccount, FlexPlus.
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Receive £175 within 10 working days.
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Excludes customers who already claimed a past Nationwide switch bonus.
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Limited-time deal, so apply quickly.
What is the Nationwide £175 Switch Offer and How Does it Work?
Nationwide has reintroduced its popular £175 switching bonus, giving new and existing customers the chance to earn extra cash by moving their banking over. The promotion is simple: open or hold a qualifying Nationwide current account and use the Current Account Switch Service (CASS) to move your old account across.
This service transfers everything — including your salary, direct debits, and standing orders — within 7 working days, and Nationwide will close your old account automatically. Once the switch is complete and eligibility is confirmed, the £175 payment lands directly in your account.
Which Nationwide accounts qualify for the £175 switch bonus?
Not every account is eligible. Nationwide currently offers the bonus on:
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FlexDirect – comes with an interest-free overdraft for 12 months and offers 5% AER on balances up to £1,500 in the first year (if you pay in at least £1,000 a month).
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FlexAccount – a straightforward everyday current account with no monthly fee, suitable for those who just want simple banking.
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FlexPlus – has a £13 monthly fee but comes with attractive extras such as family travel insurance, breakdown cover, and mobile phone insurance.
This flexibility means you can choose an account that best suits your needs, whether you want fee-free simplicity, high-interest savings potential, or added insurance perks.
How long will the Nationwide £175 switching offer last?
The building society hasn’t confirmed an end date, but history shows that these promotions are often pulled without much warning. For instance, Nationwide ran a similar incentive in 2023 that was live for only a few weeks before being withdrawn.
Bank switching offers are designed to create urgency — they rarely last forever, so moving quickly is wise if the deal suits you.
Who is Eligible for the Nationwide £175 Switching Bonus?
Eligibility criteria are crucial because failing to meet just one requirement means you won’t get the bonus.
Can existing Nationwide customers apply for the £175 deal?
Yes, but with restrictions. If you already hold a Nationwide account, you can still qualify by switching a non-Nationwide account into it using CASS. This makes the deal appealing even to long-term customers who might hold a mortgage or savings with Nationwide but use another bank for everyday current account needs.
Who is excluded from the Nationwide switching incentive?
You cannot apply if:
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You’ve previously received a switching incentive from Nationwide
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You’re switching from one Nationwide account to another
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You don’t use the official CASS service
Do you need to use the Current Account Switch Service (CASS)?
Yes, this is a strict requirement. CASS is designed to make switching smooth and risk-free. It:
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Transfers all payments (in and out) within 7 working days.
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Redirects any stray payments to your new account for up to 3 years.
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Closes your old account automatically.
Without CASS, Nationwide won’t recognise your move as an official switch, meaning you’ll miss out on the £175.
How Do You Claim the £175 Nationwide Bank Switching Offer?
What steps should you follow to complete the switch?
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Open a qualifying Nationwide account.
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Request a switch via the Current Account Switch Service.
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Ensure your old account closes fully during the process.
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Wait for Nationwide to deposit your £175.
How long does it take to receive the £175 bonus?
You’ll typically see the money in your new account within 10 working days after the switch completes. This is faster than HSBC’s 30-day payout period and puts Nationwide among the quickest providers.
What documents or details do you need to switch?
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Proof of ID (passport or driving licence)
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Proof of address (utility bill, council tax bill)
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Details of your old bank account
What Are the Terms and Conditions of the Nationwide Switching Deal?
Do you need direct debits or salary deposits to qualify?
Yes — you must set up at least two active direct debits on your account. For FlexDirect, you’ll also need to pay in a minimum of £1,000 a month to access the high interest rate, though this isn’t mandatory for receiving the £175 bonus itself.
What happens if you close the account after getting the £175?
Nationwide doesn’t demand you keep the account for a minimum period after receiving the bonus. However, if you close it too soon, you may miss out on ongoing perks such as FlexDirect’s 5% interest. Plus, it could reduce your chances of qualifying for future Nationwide offers.
Are there hidden fees in Nationwide current accounts?
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FlexAccount – No monthly fees, simple day-to-day account.
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FlexDirect – No fees, but overdraft charges apply after the first year.
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FlexPlus – £13 monthly fee, but bundled with insurance products that may save you money if you’d otherwise buy them separately.
Checking account suitability is vital before switching purely for the bonus.
Is the £175 Switching Bonus Worth it Compared to Other UK Bank Offers?
The UK banking market is highly competitive, with several banks offering £150–£200 switching bonuses.
How does Nationwide’s £175 compare with HSBC, Lloyds, and Barclays?
At the time of writing (September 2025), here’s how the deals stack up:
Table: Nationwide vs Competitor Switching Bonuses (September 2025)
| Bank | Switching Bonus | Conditions | Payout Time |
|---|---|---|---|
| Nationwide | £175 | CASS + eligible account | 10 days |
| HSBC | £200 | Deposit + direct debits | 30 days |
| Lloyds | £175 | Club Lloyds + 2 direct debits | 10 days |
| Barclays | £175 | Blue Rewards + CASS | Varies |
What are the pros and cons of the Nationwide switching deal?
Pros:
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Fast payout within 10 days
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Wide choice of accounts
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Strong customer satisfaction reputation
Cons:
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Excludes past incentive recipients
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FlexPlus has a monthly fee
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Bonus slightly lower than HSBC
Who benefits most from Nationwide’s £175 bonus?
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Customers looking for a quick, hassle-free bonus
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Those interested in Nationwide’s member benefits
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People who value building society ethics over high street banks
What Are the Benefits of Opening a Nationwide Current Account?
What everyday banking features does Nationwide offer?
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Easy-to-use mobile app
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Fee-free online banking
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Interest-free overdraft (FlexDirect, first 12 months)
How strong is Nationwide’s customer service reputation?
Nationwide consistently ranks among the best for service. In the Which? 2024 Customer Satisfaction survey, it scored highly for:
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Branch availability
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Complaint handling
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Clarity of charges
This reliability is one of the main reasons customers remain loyal to Nationwide, even after claiming incentives.
Are there extra perks for Nationwide members?
Yes, members may access:
- Exclusive savings rates
- Mortgage deals only for members
- Access to Fairer Share Payment (a dividend-style payout for eligible customers)
Are There Any Drawbacks to the Nationwide £175 Bank Switch Deal?
What restrictions make this deal less attractive?
The main drawbacks are:
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You can’t qualify if you’ve already claimed a bonus from Nationwide.
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Some accounts (FlexPlus) come with fees.
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Other banks, such as HSBC, may offer a higher cash reward.
Are Nationwide accounts good for long-term banking?
Yes, but it depends on your needs. Nationwide is strong for:
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Everyday reliability
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Customer service
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Member benefits
However, if you prioritise:
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Highest interest rates → challenger banks may be better.
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Cutting-edge digital features → fintechs like Monzo or Starling may appeal.
How Can You Make the Most of the Nationwide Switching Offer?
How can you prepare before switching banks?
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List your direct debits
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Update your employer with your new account details
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Keep some funds in both accounts during the switch
What steps ensure a smooth switch of direct debits?
CASS should handle this seamlessly, but for peace of mind:
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Double-check your first utility and subscription payments.
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Keep receipts and emails for the first billing cycle.
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Contact providers immediately if a payment issue arises.
Should you consider switching again after the £175 bonus?
Yes — many “serial switchers” rotate between banks to maximise cash rewards. The downside is you can only claim Nationwide’s bonus once. After that, you’ll need to explore HSBC, Lloyds, or Barclays for the next deal.
Conclusion
The Nationwide £175 switch offer is one of the strongest on the market right now. While HSBC’s £200 bonus is higher, Nationwide’s speed of payment and member benefits make it highly appealing. If you meet the criteria and value excellent customer service, it’s worth considering.
FAQs about Nationwide £175 Switching Bonus
What is the Nationwide switch offer £200?
It was a past promotion where Nationwide paid £200 to switchers. The current offer is £175.
What is the Nationwide switch offer £125?
This was a previous deal, often linked to referrals or existing customer rewards. It’s not running now.
When does the Nationwide switch offer end?
Nationwide hasn’t confirmed an end date. The £175 bonus can be withdrawn at any time.
Who gets £100 from Nationwide?
The £100 reward usually comes from the refer-a-friend scheme, not the switch bonus.
How do I get my £200 from Nationwide?
The £200 switch offer has ended. To claim today’s incentive, you need to apply for the Nationwide £175 switch offer.
