Nationwide’s new cash offer: how to get the £175 and who can still claim the £100 bonus
Nationwide has brought back a Nationwide switching bonus worth £175, adding fresh competition to a busy autumn for bank deals. The payment is linked to the Current Account Switch Service and arrives after the society’s separate £100 Fairer Share payment to eligible members earlier this summer.
To qualify for the £175, customers need to open a qualifying Nationwide current account and complete a full switch using CASS (Current Account Switch Service) within the time limits. The account must receive at least two active direct debits, a deposit of £1,000 within the first month and a debit card purchase in the same period. Joint accounts receive one £175 payment.
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Nationwide’s £100 Fairer Share was paid in June and July to members who met the building society’s criteria. It reflects Nationwide’s mutual model, where profits can be shared with customers rather than shareholders.
Rival offers are also in play. Barclays is advertising headline incentives that can reach a higher combined figure for some customers who meet Premier or ISA terms, while other high-street banks are holding at around £175 to £200. The best choice depends on fees, savings add-ons and everyday service, not just the upfront payment.
If you plan to move, the key is to follow the steps precisely. The switch must be completed within the required window and the old account closed through CASS. The service promises a seven-day switch with payments redirected and a guarantee if something goes wrong. You can read the step-by-step process via this official switching guide.
What to check before you switch
- Account fees or reward fees that could offset the bonus.
- Minimum monthly pay-in requirements.
- Whether linked savings rates or regular saver accounts need a specific current account.
- Timing. Bonuses are limited-time and may close early.
Note: Payments and eligibility are set by the provider and can change. Always confirm the latest terms on the provider’s site before switching.
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