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Nationwide switch offer if not a customer of Nationwide - how do I get the £125??

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I have read Martin's trick to get the £125 switch fee if I am not already a Nationwide customer. However, I am slightly confused. I have a Virgin account with two DD which I would normally use as the switching over  account. However, I need to open a Nationwide current account first. Once I have done that, do I then switch my new Nationwide current account to the FlexDirect account, or do I switch my Virgin account with the two DD?

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  • cx6
    cx6 Posts: 1,176 Forumite
    1,000 Posts Name Dropper
    1. open a NWide Flex account

    2. Once open, switch in the Virgin account

    3. no need to upgrade to FlexPlus
  • penners324
    penners324 Posts: 3,511 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Or open a savings account, the following day open and switch the flex account 
  • jimjames
    jimjames Posts: 18,671 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Important point on step 2 is not to do that for at least 24 hours so the system sees you as an existing customer
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Will it definitely work if I open a savings account first? I don't really want to open a current account, then open another one to switch to, as it means two credit checks
  • cx6
    cx6 Posts: 1,176 Forumite
    1,000 Posts Name Dropper
    If it were me I would just open the Flex account.
  • jimjames
    jimjames Posts: 18,671 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 8 December 2023 at 3:29PM
    Will it definitely work if I open a savings account first? I don't really want to open a current account, then open another one to switch to, as it means two credit checks
    You don't need to open 2 accounts. Just open the current account to switch to.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • soulsaver
    soulsaver Posts: 6,615 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 December 2023 at 3:29PM
    jimjames said:
    Will it definitely work if I open a savings account first? I don't really want to open a current account, then open another one to switch to, as it means two credit checks
    You don't need to open 2 accounts. Just open the current account to switch to....
    ...the following day.
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