Households across the UK have a timely opportunity to give their finances a festive boost, as Nationwide Building Society confirms it will pay £175 bonus payments directly into customer accounts during December.
How to Claim the Nationwide Switching Bonus
The cash incentive is specifically aimed at new customers who join the mutual from a rival bank. To qualify, individuals need to sign up for Nationwide's FlexDirect current account and complete a full switch using the Current Account Switch Service.
Those who act promptly could see the money arrive before the new year, providing welcome extra funds during the expensive holiday period. This offer places Nationwide among several major high street names, including Lloyds, NatWest, and Santander, who are currently running competitive cash-switching deals to attract new business.
An Extra £100 Summer Incentive
In a further attractive twist, new Nationwide members can also position themselves to receive an additional free £100 payment next summer. To become eligible for this future bonus, customers would need to hold a qualifying savings account or mortgage with the building society alongside their new current account.
Personal finance experts highlight that the process of switching bank accounts has been streamlined to be remarkably straightforward. Aaron Peake, Personal Finance Expert at CredAbility, advised: “If you’re not getting anything back from your bank, a simple switch this week could put extra cash in your pocket before Christmas.”
Expert Advice on Making Money from Bank Switches
Peake emphasised the simplicity of the process, noting it is one of the easiest legal ways to make money without taking on debt or buying unnecessary products. “Some people even earn thousands by switching repeatedly,” he added.
While terms and conditions apply—such as sometimes requiring a one-off deposit or a minimum monthly pay-in—the mechanics are user-friendly. “Direct Debits move automatically, your salary lands in the right account and you control everything in the app,” Peake explained. The minor administrative step of moving money between accounts for a short period is a small hurdle for a significant cash reward.
With numerous offers on the market, experts urge consumers to shop around for the best deal. The consensus is clear: for households looking to maximise their income with minimal effort, exploring a bank switch in December 2025 presents a prime opportunity.
