Nationwide Building Society has brought back its popular £175 switching bonus. This gives people a simple way to earn extra cash by moving their current account. The offer started on September 18, 2025 and is open to both new and existing customers. With household costs rising, deals like this can provide a helpful financial boost. The Current Account Switch Service (CASS) makes switching accounts fast and secure. Nationwide’s offer stands out because it has clear rules and a generous reward that pays out quickly. However customers must follow all steps carefully within the deadlines to get the bonus.
Understanding the 2025 Nationwide £175 Switching Bonus
The bonus comes from Nationwide’s current account promotion. People who switch their account from a different bank or building society can receive a single payment of £175. However you need to satisfy all the bank’s conditions to get it. This offer runs for a limited period & might finish without warning. If this interests you then you should move fast and make sure you follow every step properly.
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Eligible Nationwide Accounts for Receiving the £175 Reward
Not every Nationwide account qualifies for the £175 reward. To be eligible you must either open a new account or already have one of the main current accounts such as FlexDirect FlexAccount or FlexPlus. FlexDirect pays 5% interest on balances up to £1,500 for 12 months and includes an interest-free overdraft during the same period. FlexAccount is a free everyday account suitable for regular use. FlexPlus is a packaged account with a monthly fee that includes extras like travel insurance and mobile phone cover. If you switch into a different type of account such as a savings-only account or a business account you won’t get the bonus.
Step-by-Step Process to Successfully Claim Your £175 Bonus
To get the payment you need to complete two main steps. First you must open a new eligible account or use an existing one and request a full switch through the Current Account Switch Service. A full switch will close your old account and automatically move all your regular payments. You need to complete the switch within 28 days of opening the new account or requesting the switch. During the switch you must transfer at least two genuine Direct Debits. Regular standing orders and subscriptions like Netflix or manual transfers do not qualify.The second step requires you to complete several actions within 31 days. You need to deposit a minimum of £1000 into your new Nationwide account. This deposit can include funds transferred during the switching process but it cannot come from another Nationwide account you own or from money that was already sitting in your account.You must also make at least one payment using your Nationwide debit card. This includes contactless payments, online purchases and digital wallets such as Apple Pay or Google Pay. Some transactions do not qualify though. These include cash withdrawals, mortgage or loan payments, gambling cryptocurrency purchases, foreign currency and money transfers. You need to complete all the required steps within the specified deadlines to receive the bonus.
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Expected Timeline for Receiving the Nationwide £175 Payment
After you complete all the requirements Nationwide will deposit the £175 into your account. This usually happens within 10 days. When you check your bank statement the payment will show up as ‘Switching Offer.’ If you switch into a joint account you will only receive one payment of £175 instead of one payment for each account holder. You can only get one bonus per switch even if you open multiple accounts.
Restrictions and Conditions: Who Is Not Eligible for the Bonus
Certain individuals cannot receive the bonus. You will not qualify if you have already gotten a Nationwide switching bonus since 2021. However there are exceptions if you previously switched to a sole account but are now moving to a joint account or the other way around. Customers who have accounts under fraud investigation or financial sanctions or accounts handled by the Collections and Recoveries department cannot participate. Switch requests submitted before September 18 2025 are not included in this promotion.
Possibility of Early Closure: Can the Nationwide £175 Offer End Suddenly?
Nationwide reserves the right to modify or cancel this offer whenever they choose without providing advance warning. That said, customers who begin their account transfer before the promotional period ends and satisfy all requirements will still get their £175 payment. The Nationwide £175 switching incentive offers a straightforward opportunity to make some additional cash when transferring your current account. Using the Current Account Switch Service makes the transfer both secure and efficient, and you could see the bonus money in your account as soon as 10 days after finishing the required steps. For eligible customers this represents a practical method to strengthen your financial position in 2025.
