Nationwide is offering a deal to potential new customers from Wednesday, September 25 – offering a financial incentive to those switching their current account. People who switch to banking with Nationwide through the Current Account Switch Service will get £175. As well as the switching offer, Nationwide has announced it will also pay 1% cash back on debit card spending by customers with a FlexDirect account and will introduce a £50 interest-free overdraft buffer.

Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: https://t.co/PBQ6UL8e26 pic.

twitter.com/7xqyoLrkBD — Nationwide (@AskNationwide) August 2, 2024 To qualify, new customers will have to transfer a minimum of two active direct debits to their new Nationwide FlexAccount, FlexPlus or FlexDirect accounts. They must also deposit £1,000 and make one debit card payment within 31 days.

Customers who open a FlexDirect account and haven't benefitted from a previous FlexDirect incentive will receive the 1% cashback offer. Customers can switch to one of the Society’s three main current accounts: FlexPlus: a market-leading6 packaged account with benefits including worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover and commission-free usage abroad for £13 per month7. FlexDirect: an online account paying 5% AER credit interest and offering 1% cashback on debit card spend.

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