Nationwide Building Society has announced a separate and exclusive £200 bonus payment aimed at attracting and retaining new customers through their current account switching offer. Unlike the Fairer Share payment, this one targets people who decide to move their everyday banking to Nationwide.
Nationwide £200 Bonus Payment
The £200 bonus is part of Nationwide’s switching incentive, designed to encourage people to bring their main current account to the building society. The offer is available for a limited period and has specific conditions that need to be met.
Who Is Eligible for the £200 Bonus?
The bonus is available to:
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New customers who use the Current Account Switch Service (CASS) to move their existing bank account to Nationwide.
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Existing Nationwide customers who haven’t previously received any switch-related bonus from the society.
To qualify, the switch must be completed in full – meaning your old account must be closed and all payments (such as direct debits and standing orders) must be moved to your new Nationwide account.
Qualifying Accounts
You must switch to one of the following eligible current accounts:
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FlexPlus (Nationwide’s premium account)
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FlexDirect (offers interest and overdraft benefits)
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FlexAccount (standard account)
The switch must be initiated via the official CASS tool on Nationwide’s website or through its app.
Additional Requirements
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Two Direct Debits must be set up on the new Nationwide account.
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The switch must be completed within 60 days of initiating it.
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You must not have received a switch bonus from Nationwide on or after January 1, 2020.
Payment Timeline
Once the switch is fully completed and verified, the £200 bonus will be paid within 10 working days. The money will be credited directly to your new Nationwide current account.
Why Nationwide Is Offering This
Nationwide continues to compete strongly in the current account market, and this bonus is a strategic move to attract new customers while retaining existing ones. By rewarding people who make the switch, Nationwide hopes to grow its base of engaged, everyday banking customers.
Switching Made Easy
CASS is a government-backed service that ensures a smooth, secure, and hassle-free transition between banks. Nationwide handles the entire switch process, including moving all payments and closing the old account.
Conclusion
The £200 switching bonus is a generous incentive, but it’s not automatic. You need to meet strict conditions and deadlines. If you’re considering switching your current account and want to make a little extra cash, this offer is definitely worth exploring – but act fast, as these promotions don’t last forever.