In a welcome move for savvy savers, Nationwide Building Society has brought back its highly sought-after £175 switching bonus for new current account customers. However, this financial sweetener comes with a strict time limit that requires quick action from those looking to benefit.
The Clock is Ticking
The lucrative offer, which applies to the FlexDirect, FlexPlus, or FlexAccount current accounts, is only available to customers who complete their switch through the Current Account Switch Service between November 14th, 2024, and February 14th, 2025. This three-month window gives potential switchers a limited opportunity to claim their cash bonus.
Not Everyone Qualifies
There are important eligibility criteria that applicants must meet. The £175 incentive is exclusively available to customers who haven't previously received a switching bonus from Nationwide. Additionally, applicants must transfer at least two active direct debits from their existing bank account and deposit a minimum of £1,000 into their new Nationwide account.
A Competitive Banking Landscape
This move comes as UK banks and building societies intensify their efforts to attract new current account customers. Nationwide's offer positions them strongly against high street competitors, providing a substantial cash incentive that many will find difficult to ignore.
How to Claim Your Bonus
Successful applicants can expect to see the £175 payment land in their account within 10 days of completing all the switch requirements. The building society has streamlined the process to make switching as seamless as possible for new customers.
With the February deadline rapidly approaching, potential switchers are advised to review their eligibility and act quickly to secure this generous banking bonus before it disappears for good.
