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Nationwide Building Society launches £175 switching deal – who is eligible?
Nationwide Building Society has launched a new current account switching deal. We look at whether you are eligible, and how to get the free cash.
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Daniel Hilton
18 September 2025
Nationwide Building Society is offering customers £175 if they move their current account to the building society.
To claim the bank switching deal, customers must have started their application on or after 18 September, complete a full switch using the Current Account Switch Service (CASS) and not have benefitted from another Nationwide switching offer.
You must transfer at least two Direct Debits as part of your switch. Other automatic payments, like standing orders and recurring card payments do not count.
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Once the application is approved and the account is switched, customers must pay in at least £1,000 and make one debit card payment within 31 days of account opening or applying to switch into an existing account.
The eligible accounts to switch to include the FlexPlus, FlexDirect, and FlexAccount current accounts.
Customers will receive the £175 payment within 10 days of meeting all the criteria.
Switching to Nationwide could put you in line for extra payouts if the building society continues distributing its £100 ‘Fairer Share’ payment, as it did in 2023, 2024 and 2025.
The building society says it intends to make its ‘Fairer Share’ payment annually, provided it would not be detrimental to its financial strength and is subject to board approval.
Tom Riley, director of group retail products at Nationwide, said: “It’s never been more rewarding to be a Nationwide member and that’s why we want to help more people benefit by offering this switching offer.”
Which Nationwide accounts can you switch to?
To claim the £175 switching offer, customers must move to one of Nationwide’s three main current accounts.
FlexPlus: A packaged account that offers family travel insurance, phone insurance, and breakdown cover for a fee of £18 a month.
FlexDirect: An online account that pays 5% interest for 12 months and offers 1% cashback on debit card spend up to £60. The account is fee-free.
FlexAccount: An everyday current account with no monthly fee.
Customers are free to choose to switch to any of the three accounts and will still receive the £175 reward if they meet all other criteria.
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Nationwide Building Society
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Daniel Hilton
Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.
Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.
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